Flint Ridge Farms

Lori Boone · Republic County, KS · Owen Speck · client since 2022

113k bu at 72% priced · 189 head at 65% sold

$750.3K under management

Price to the planCosts are stated, not from their booksLast spoke in 16 days(785) 555-1588

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

189

122 sold, 65% by head

Sold against pace

65%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$31,643

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

2026 calf crop Cow / Calf

189 calves at 5.57 cwt · 1,053 cwt total

On planReady in 46 days

On pace: 65% sold, market $84.79/cwt over break-even

The next rung is 46 head at $263.26/cwt by 2026-10-09. Let the market come to it.

Cost of gain

$161.40

$899 a head. Stated, Jul 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$251.35

+$89.95/cwt over cost on 122 head, so $59,536 banked.

Market over cost

+$84.79

$31,643 across the unsold head.

Sold against pace, by head65% of 65% target

By head rather than by pounds, which is what a producer means. 122 head is 63% of the weight, because the lots that went first were not average.

67 unsold84 sold, not shippedWindow Oct 9, 2026 to Nov 9, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	164	$200.59	$-2.71	$197.88	+$36.48	Apr 22, 2027 47 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 Boone, 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
$243.99	38	+$82.59 $17,481	Sold	Jun 9, 2026 2 months ago	Hit
$253.77	48	+$92.37 $24,696	Sold	Aug 9, 2026 15 days ago	Hit
$263.26	46	+$101.86 $26,098	$17.07	Oct 9, 2026 in 46 days	Working

Lots sold

Date	Head	Weight	Price	Outlet
May 2, 2026	26	5.44 cwt	$244.14	Superior Sale Barn Forward
Mar 26, 2026	12	5.71 cwt	$258.12	Concordia Livestock Auction Cash
Feb 5, 2026	84	5.38 cwt	$252.58	Superior Sale Barn 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.