Old Cedar Farms

Alma Pruitt · Webster County, NE · Wes Tolliver · client since 2022

120k bu at 80% priced · 286 head at 66% sold

$1.1M under management

Self directedCosts from their booksLast spoke in 43 days3 other findings(785) 555-9168

Position Plan Working Orders Sales Break-evens Livestock Recap

Every unsold head on this account has either a floor or a contract behind it. That is the intended state for livestock, because there is no storing an animal while a bad market passes.

Head to market

286

190 sold, 66% by head

Sold against pace

66%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$57,678

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

2026 calf crop Cow / Calf

286 calves at 5.56 cwt · 1,590 cwt total

On planReady in 46 days

On pace: 66% sold, market $108.06/cwt over break-even

The next rung is 47 head at $270.43/cwt by 2026-12-09. Let the market come to it.

Cost of gain

$138.13

$768 a head. From their books, Aug 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$252.06

+$113.93/cwt over cost on 190 head, so $121,439 banked.

Market over cost

+$108.06

$57,678 across the unsold head.

Sold against pace, by head66% of 65% target

By head rather than by pounds, which is what a producer means. 190 head is 67% of the weight, because the lots that went first were not average.

96 unsold37 restingWindow Oct 9, 2026 to Nov 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	155	$197.41	$-2.22	$195.19	+$57.06	Nov 20, 2026 21 week endorsement

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 Alma Pruitt, 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
$245.72	46	+$107.59 $27,517	Sold	Jun 9, 2026 2 months ago	Hit
$255.35	71	+$117.22 $46,274	Sold	Aug 9, 2026 15 days ago	Hit
$264.14	73	+$126.01 $51,145	Sold	Oct 9, 2026 in 46 days	Hit
$270.43	47	+$132.30 $34,573	$24.24	Dec 9, 2026 in 4 months	Working

Resting in the market

Head	Trigger	Away	Expires
37	$256.16	$9.97	Aug 23, 2026 -1d

Lots sold

Date	Head	Weight	Price	Outlet
May 22, 2026	190	5.61 cwt	$252.06	Heartland Video 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.