Two Rivers Ag

Peg Foss · Smith County, KS · Wes Tolliver · client since 2016

190 head at 17% sold

$249.3K under management

Call before pricingCosts are stated, not from their booksLast spoke in 37 days1 critical1 other findings(785) 555-3772

Position Plan Working Orders Sales Break-evens Livestock Recap

158 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

190

32 sold, 17% by head

Sold against pace

17%

Pace target 65% by head.

Head with no floor

158

Unsold, with no endorsement and no forward contract.

On the table

$74,606

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

2026 calf crop Cow / Calf

190 calves at 5.33 cwt · 1,013 cwt total

Needs a callReady in 46 days

Time stop passed: the 37 head lot was due 2026-06-09

The plan sells this lot on the calendar rather than the market, so cattle do not ride past condition and weight. Today's market is $246.19/cwt against a $157.60 break-even.

37 head at $246.19 banks $17,471 over cost of gain.

Cost of gain

$157.60

$840 a head. Stated, Jun 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$239.11

+$81.52/cwt over cost on 32 head, so $14,304 banked.

Market over cost

+$88.59

$74,606 across the unsold head.

Sold against pace, by head17% of 65% target

By head rather than by pounds, which is what a producer means. 32 head is 17% of the weight, because the lots that went first were not average.

158 unsold158 with no floor22 sold, not shippedWindow 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 Foss, 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
$246.00	37	+$88.40 $17,434	$0.00	Jun 9, 2026 2 months ago	Time stop passed
$254.58	32	+$96.98 $16,541	$8.39	Aug 9, 2026 15 days ago	Time stop passed
$261.98	44	+$104.38 $24,480	$15.79	Oct 9, 2026 in 46 days	Working
$272.20	33	+$114.60 $20,157	$26.01	Dec 9, 2026 in 4 months	Working

Lots sold

Date	Head	Weight	Price	Outlet
May 2, 2026	10	5.47 cwt	$245.02	Concordia Livestock Auction Cash
Apr 19, 2026	22	5.49 cwt	$236.44	Heartland Video Auction 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.