Salt Fork Farms

Peg Hemmelgarn · Thayer County, NE · Katie Rennick · client since 2016

67k bu at 76% priced · 333 head at 68% sold

$767.2K under management

Self directedCosts are estimatesLast spoke in 16 days6 other findings(785) 555-9230

Position Plan Working Orders Sales Break-evens Livestock Recap

107 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

333

226 sold, 68% by head

Sold against pace

68%

Pace target 65% by head.

Head with no floor

107

Unsold, with no endorsement and no forward contract.

On the table

$54,311

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

2026 calf crop Cow / Calf

333 calves at 5.49 cwt · 1,828 cwt total

On planReady in 46 days

On pace: 68% sold, market $92.46/cwt over break-even

Set the next rung on the ladder so the market has a standing order to hit.

Cost of gain

$153.73

$844 a head. Stated, Jun 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$249.92

+$96.19/cwt over cost on 226 head, so $117,946 banked.

Market over cost

+$92.46

$54,311 across the unsold head.

Sold against pace, by head68% of 65% target

By head rather than by pounds, which is what a producer means. 226 head is 67% of the weight, because the lots that went first were not average.

107 unsold107 with no floorWindow Oct 9, 2026 to Dec 9, 2026

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 Peg Hemmelgarn, 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
$245.59	82	+$91.86 $41,352	Sold	Jun 9, 2026 2 months ago	Hit
$254.19	74	+$100.46 $40,811	Sold	Aug 9, 2026 15 days ago	Hit

Lots sold

Date	Head	Weight	Price	Outlet
May 9, 2026	73	5.27 cwt	$237.26	Concordia Livestock Auction Cash
Apr 5, 2026	153	5.5 cwt	$255.71	Concordia Livestock Auction 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.