Tallgrass Grain Co

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

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

$7.3M under management

Price to the planCosts are estimatesLast spoke in 21 days8 other findings(785) 555-7846

Position Plan Working Orders Sales Break-evens Livestock Coverage 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

$140,121

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

Pen, Jul placement Feedlot

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

On planReady in 61 days

On pace: 67% sold, market $15.43/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, Oct 25, 2026.

Market today

$180.13

Feedlot at the outlets this client uses.

Average sold

$182.49

+$17.79/cwt over cost on 1,407 head, so $317,522 banked.

Market over cost

+$15.43

$140,121 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 Dec 25, 2026 to Jan 25, 2027

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Fed Cattle	928	$143.07	$-1.99	$141.08	-$23.62 Under cost	Mar 31, 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
$178.39	444	+$13.69 $78,186	Sold	Aug 25, 2026 61 days ago	Hit
$185.89	457	+$21.19 $124,553	Sold	Oct 25, 2026 today	Hit
$191.42	436	+$26.72 $149,836	Sold	Dec 25, 2026 in 61 days	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Aug 20, 2026	367	12.71 cwt	$184.43	Nebraska Beef Processors Cash
May 31, 2026	358	13.19 cwt	$171.50	Great Plains Beef Cash
May 14, 2026	682	12.4 cwt	$187.56	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.