Limestone Farms

Kirby Boone · Webster County, NE · Katie Rennick · client since 2021

97k bu at 69% priced · 192 head at 69% sold

$630.7K under management

Call before pricingCosts are stated, not from their booksLast spoke in 30 days3 other findings(785) 555-7209

Position Plan Working Orders Sales Break-evens Livestock Recap

59 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

192

133 sold, 69% by head

Sold against pace

69%

Pace target 65% by head.

Head with no floor

Unsold, with no endorsement and no forward contract.

On the table

$30,560

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

2026 calf crop Cow / Calf

192 calves at 5.26 cwt · 1,010 cwt total

On planReady in 46 days

On pace: 69% sold, market $98.47/cwt over break-even

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

Cost of gain

$147.72

$777 a head. Stated, May 9, 2026.

Market today

$246.19

Cow / Calf at the outlets this client uses.

Average sold

$241.34

+$93.62/cwt over cost on 133 head, so $64,618 banked.

Market over cost

+$98.47

$30,560 across the unsold head.

Sold against pace, by head69% of 65% target

By head rather than by pounds, which is what a producer means. 133 head is 68% of the weight, because the lots that went first were not average.

59 unsold59 with no floor72 sold, not shippedWindow Oct 9, 2026 to Dec 9, 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 Kirby 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
$247.13	40	+$99.41 $20,916	Sold	Jun 9, 2026 2 months ago	Hit
$253.32	55	+$105.60 $30,550	Sold	Aug 9, 2026 15 days ago	Hit

Lots sold

Date	Head	Weight	Price	Outlet
Jun 5, 2026	30	5.11 cwt	$250.40	Heartland Video Auction CashNot shipped
Apr 8, 2026	61	5.18 cwt	$236.38	Heartland Video Auction Cash
Jan 31, 2026	42	5.26 cwt	$242.15	Concordia Livestock 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.