Tallgrass Grain Co

Lori Ulrich · Washington County, KS · Danae Kruse · client since 2025

704k bu at 63% priced · 2,113 head at 67% sold

$7.6M under management

Price to the planCosts are estimatesLast spoke in 36 days5 other findings(785) 555-7846

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

2,113

1,407 sold, 67% by head

Sold against pace

67%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$157,099

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

Pen, May placement Feedlot

2,113 head at 12.86 cwt · 27,173 cwt total

On planReady in 46 days

On pace: 67% sold, market $17.30/cwt over break-even

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

Cost of gain

$164.70

$2,118 a head. Stated, Aug 9, 2026.

Market today

$182.00

Feedlot at the outlets this client uses.

Average sold

$184.39

+$19.69/cwt over cost on 1,407 head, so $351,374 banked.

Market over cost

+$17.30

$157,099 across the unsold head.

Sold against pace, by head67% of 65% target

By head rather than by pounds, which is what a producer means. 1,407 head is 66% of the weight, because the lots that went first were not average.

706 unsold682 sold, not shippedWindow Oct 9, 2026 to Nov 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Fed Cattle	928	$144.56	$-2.01	$142.55	-$22.15 Under cost	Jan 13, 2027 34 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 Lori Ulrich, 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
$180.24	444	+$15.54 $88,750	Sold	Jun 9, 2026 2 months ago	Hit
$187.82	457	+$23.12 $135,896	Sold	Aug 9, 2026 15 days ago	Hit
$193.41	436	+$28.71 $160,994	Sold	Oct 9, 2026 in 46 days	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Jun 4, 2026	367	12.71 cwt	$186.35	Nebraska Beef Processors Cash
Mar 15, 2026	358	13.19 cwt	$173.28	Great Plains Beef Cash
Feb 26, 2026	682	12.4 cwt	$189.51	Nebraska Beef Processors CashNot shipped

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.