Salt Fork Farms

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

67k bu at 78% priced · 333 head at 97% sold

$715K under management

Self directedCosts are estimatesLast spoke in 1 day9 other findings(785) 555-9230

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

10 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

323 sold, 97% by head

Sold against pace

97%

Pace target 95% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$4,226

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 planMarketable now

On pace: 97% sold, market $76.98/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, Aug 25, 2026.

Market today

$230.71

Cow / Calf at the outlets this client uses.

Average sold

$234.17

+$80.44/cwt over cost on 323 head, so $140,952 banked.

Market over cost

+$76.98

$4,226 across the unsold head.

Sold against pace, by head97% of 95% target

By head rather than by pounds, which is what a producer means. 323 head is 96% of the weight, because the lots that went first were not average.

10 unsold10 with no floorWindow Oct 25, 2026 to Dec 25, 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
$230.15	82	+$76.42 $34,401	Sold	Aug 25, 2026 61 days ago	Hit
$238.20	74	+$84.47 $34,315	Sold	Oct 25, 2026 today	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Jul 25, 2026	105	5.27 cwt	$222.34	Concordia Livestock Auction Cash
Jun 21, 2026	218	5.5 cwt	$239.63	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.