Whitetail Land & Cattle

Wade Carver · Republic County, KS · Owen Speck · client since 2025

100k bu at 82% priced · 1,065 head at 36% sold

$3.1M under management

Price to the planCosts are estimatesLast spoke in 43 days1 critical5 other findings(785) 555-1971

Position Plan Working Orders Sales Break-evens Livestock Recap

64 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

1,065

380 sold, 36% by head

Sold against pace

36%

Pace target 35% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

—

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

Pen, Jul placement Feedlot

1,065 head at 14.18 cwt · 15,102 cwt total

Needs a callReady in 4 months

Time stop passed: the 222 head lot was due 2026-08-09

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 $182.00/cwt against a $187.31 break-even.

222 head at $182.00 banks -$16,703 over cost of gain.

Cost of gain

$187.31

$2,656 a head. Estimated.

Market today

$182.00

Feedlot at the outlets this client uses.

Average sold

$176.95

-$10.36/cwt over cost on 380 head, so -$55,485 banked.

Market over cost

-$5.31

The market is not paying what these animals cost.

Sold against pace, by head36% of 35% target

By head rather than by pounds, which is what a producer means. 380 head is 35% of the weight, because the lots that went first were not average.

685 unsold64 with no floor151 restingWindow Dec 9, 2026 to Jan 9, 2027

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Fed Cattle	621	$173.13	$-5.03	$168.10	-$19.21 Under cost	Jun 9, 2027 52 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 Wade Carver, 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
$194.80	274	+$7.49 $29,116	Sold	Jun 9, 2026 2 months ago	Hit
$194.80	222	+$7.49 $23,591	$12.80	Aug 9, 2026 15 days ago	Time stop passed
$194.80	214	+$7.49 $22,740	$12.80	Oct 9, 2026 in 46 days	Working
$201.49	218	+$14.18 $43,846	$19.49	Dec 9, 2026 in 4 months	Working

Resting in the market

Head	Trigger	Away	Expires
151	$192.14	$10.14	Sep 7, 2026 14d

Lots sold

Date	Head	Weight	Price	Outlet
Jun 3, 2026	149	13.63 cwt	$177.31	Nebraska Beef Processors Cash
Mar 21, 2026	92	14.71 cwt	$178.66	Great Plains Beef Cash
Mar 6, 2026	139	14.19 cwt	$175.40	Nebraska Beef Processors Cash

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.