Deer Trail Farms

Dell Yoder · Clay County, KS · Danae Kruse · client since 2019

197k bu at 68% priced · 1,310 head at 35% sold

$4.2M under management

Price to the planCosts are estimatesLast spoke in 32 days1 critical4 other findings(785) 555-8625

Position Plan Working Orders Sales Break-evens Livestock Recap

273 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

1,310

456 sold, 35% by head

Sold against pace

35%

Pace target 35% by head.

Head with no floor

273

Unsold, with no endorsement and no forward contract.

On the table

$523,365

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

Pen, Jul placement Feedlot

1,310 head at 14.12 cwt · 18,497 cwt total

Needs a callReady in 4 months

Time stop passed: the 250 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 $138.60 break-even.

250 head at $182.00 banks $153,210 over cost of gain.

Cost of gain

$138.60

$1,957 a head. Estimated.

Market today

$182.00

Feedlot at the outlets this client uses.

Average sold

$179.87

+$41.27/cwt over cost on 456 head, so $268,106 banked.

Market over cost

+$43.40

$523,365 across the unsold head.

Sold against pace, by head35% of 35% target

By head rather than by pounds, which is what a producer means. 456 head is 35% of the weight, because the lots that went first were not average.

854 unsold273 with no floor157 on a grid, not settled63 sold, not shipped212 restingWindow Dec 9, 2026 to Feb 9, 2027

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Fed Cattle	581	$163.34	$-2.99	$160.35	+$21.75	Nov 18, 2026 21 week endorsement Before the sale

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 Dell Yoder, 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
$180.59	242	+$41.99 $143,489	Sold	Jun 9, 2026 2 months ago	Hit
$187.25	250	+$48.65 $171,742	$5.25	Aug 9, 2026 15 days ago	Time stop passed

Resting in the market

Head	Trigger	Away	Expires
212	$191.28	$9.28	Aug 14, 2026 -10d

Lots sold

Date	Head	Weight	Price	Outlet
May 28, 2026	63	13.89 cwt	$189.06 estimate	Nebraska Beef Processors GridNot shipped
Apr 8, 2026	94	14.15 cwt	$178.25 estimate	Great Plains Beef Grid
Mar 7, 2026	299	14.35 cwt	$178.50	Great Plains Beef 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.