Two Rivers Ag

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

190 head at 47% sold

$233.6K under management

Call before pricingCosts are stated, not from their booksLast spoke in 22 days1 other findings(785) 555-3772

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

101 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

89 sold, 47% by head

Sold against pace

47%

Pace target 95% by head.

Head with no floor

101

Unsold, with no endorsement and no forward contract.

On the table

$39,358

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 callMarketable now

Sell the next lot: 47% sold against a 95% pace with the market $73.11/cwt over cost

Every day above break-even is margin that can be locked. Selling 44 head near $230.71/cwt banks the next lot without betting the whole pen on one sale day. The window opens in 0 days, and these cannot be held past it.

44 head at $230.71 banks $17,146 over cost of gain.

Cost of gain

$157.60

$840 a head. Stated, Aug 25, 2026.

Market today

$230.71

Cow / Calf at the outlets this client uses.

Average sold

$224.09

+$66.49/cwt over cost on 89 head, so $32,453 banked.

Market over cost

+$73.11

$39,358 across the unsold head.

Sold against pace, by head47% of 95% target

By head rather than by pounds, which is what a producer means. 89 head is 48% of the weight, because the lots that went first were not average.

101 unsold101 with no floor61 sold, not shippedWindow 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 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
$230.53	37	+$72.93 $14,383	Sold	Aug 25, 2026 61 days ago	Hit
$238.58	32	+$80.98 $13,812	Sold	Oct 25, 2026 today	Hit
$245.51	44	+$87.91 $20,617	$14.80	Dec 25, 2026 in 61 days	Working
$255.08	33	+$97.48 $17,146	$24.37	Feb 25, 2027 in 4 months	Working

Lots sold

Date	Head	Weight	Price	Outlet
Jul 18, 2026	28	5.47 cwt	$229.61	Concordia Livestock Auction Cash
Jul 5, 2026	61	5.49 cwt	$221.57	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.