Flint Ridge Farms

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

113k bu at 80% priced · 189 head at 95% sold

$693K under management

Price to the planCosts are stated, not from their booksLast spoke in 1 day4 other findings(785) 555-1588

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

189

179 sold, 95% by head

Sold against pace

95%

Pace target 95% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$3,861

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 planMarketable now

On pace: 95% sold, market $69.31/cwt over break-even

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

Cost of gain

$161.40

$899 a head. Stated, Sep 25, 2026.

Market today

$230.71

Cow / Calf at the outlets this client uses.

Average sold

$235.56

+$74.16/cwt over cost on 179 head, so $72,026 banked.

Market over cost

+$69.31

$3,861 across the unsold head.

Sold against pace, by head95% of 95% target

By head rather than by pounds, which is what a producer means. 179 head is 92% of the weight, because the lots that went first were not average.

10 unsold123 sold, not shippedWindow Oct 25, 2026 to Nov 25, 2026

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Feeder Cattle	164	$187.98	$-2.54	$185.44	+$24.04	Jul 8, 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
$228.65	38	+$67.25 $14,234	Sold	Aug 25, 2026 61 days ago	Hit
$237.81	48	+$76.41 $20,429	Sold	Oct 25, 2026 today	Hit
$246.71	46	+$85.31 $21,858	Sold	Dec 25, 2026 in 61 days	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Jul 18, 2026	38	5.44 cwt	$228.79	Superior Sale Barn Forward
Jun 11, 2026	18	5.71 cwt	$241.89	Concordia Livestock Auction Cash
Apr 23, 2026	123	5.38 cwt	$236.69	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.