Boxelder Farms

Neil Larsen · Cloud County, KS · Owen Speck · client since 2024

448k bu at 57% priced · 455 head at 33% sold

$2.9M under management

Call before pricingCosts are estimatesLast spoke in 38 days1 critical4 other findings(785) 555-1733

Position Plan Working Orders Sales Break-evens Livestock Recap

305 head has no floor under it. Whether that matters depends on the margin: with the market well over cost of gain it is a risk the desk can live with, and with the market near cost it is the finding that outranks everything else on this page.

Head to market

455

150 sold, 33% by head

Sold against pace

33%

Pace target 35% by head.

Head with no floor

305

Unsold, with no endorsement and no forward contract.

On the table

$45,079

Margin over cost of gain in the unsold head, at today's market.

Pen, Jul placement Feedlot

455 head at 13.9 cwt · 6,325 cwt total

Needs a callReady in 4 months

Time stop passed: the 128 head lot was due 2026-08-09

The plan sells this lot on the calendar rather than the market, so cattle do not ride past condition and weight. Today's market is $182.00/cwt against a $171.37 break-even.

128 head at $182.00 banks $18,918 over cost of gain.

Cost of gain

$171.37

$2,382 a head. Estimated.

Market today

$182.00

Feedlot at the outlets this client uses.

Average sold

$177.78

+$6.41/cwt over cost on 150 head, so $13,439 banked.

Market over cost

+$10.63

$45,079 across the unsold head.

Sold against pace, by head33% of 35% target

By head rather than by pounds, which is what a producer means. 150 head is 33% of the weight, because the lots that went first were not average.

305 unsold305 with no floor73 restingWindow Dec 9, 2026 to Feb 9, 2027

What is under the price

No LRP endorsement on this group. With grain the fallback is a bin; here there is none, so an unsold head with no floor is exposed to whatever the market does between now and the day it has to move.

The net floor is the coverage price less the premium, because a $6.50 premium on a $240.00 coverage price is a $233.50 floor. And LRP settles on RMA's published index rather than on what these animals bring at the barn: the basis between the two stays with Neil Larsen, so this is not a guaranteed sale price and should never be described as one.

The ladder

Price	Head	Over cost	Away	Sell by	State
$180.37	129	+$9.00 $16,143	Sold	Jun 9, 2026 2 months ago	Hit
$188.73	128	+$17.36 $30,892	$6.73	Aug 9, 2026 15 days ago	Time stop passed
$194.60	93	+$23.23 $30,033	$12.60	Oct 9, 2026 in 46 days	Working

Resting in the market

Head	Trigger	Away	Expires
73	$185.49	$3.49	Sep 25, 2026

Lots sold

Date	Head	Weight	Price	Outlet
May 4, 2026	150	13.97 cwt	$177.78	Great Plains Beef Cash

A grid lot's price is an estimate until the carcass data comes back, in the same way an HTA with the basis open is on the grain side. Both mean the average on the client's statement moves after the fact.