Willow Bend Land & Cattle

June Yoder · Republic County, KS · Wes Tolliver · client since 2017

288k bu at 75% priced

$1.3M under management

Price to the planCosts are estimatesLast spoke in 28 days5 other findings(785) 555-2825

Position Plan Working Orders Sales Break-evens Livestock Recap

Every rung on every ladder clears this family's cost of production plus the desk's $0.10 cushion, and nothing has passed its sell-by date. The plan is doing its job.

Milo new crop · Dec 2026

Break-even $3.80 · cash bid $4.08 · 68% priced against a 72% pace

Ladder covers 71% of the cropGuarantee 52k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.00	+$0.20	15% 11k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.20	+$0.40	19% 14k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.44	+$0.64	20% 15k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$4.61	+$0.81	17% 13k bu	$0.53	Nov 9, 2026 in 3 months Window Feb-May	Working

Milo old crop · Sep 2026

Break-even $3.65 · cash bid $3.94 · 96% priced against a 95% pace

Ladder covers 51% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$3.82	+$0.17	15% 11k bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$4.03	+$0.38	18% 13k bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$4.23	+$0.58	18% 13k bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit

Corn new crop · Dec 2026

Break-even $4.16 · cash bid $4.41 · 73% priced against a 72% pace

Ladder covers 77% of the cropGuarantee 61k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$4.36	+$0.20	15% 12k bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$4.56	+$0.40	21% 17k bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$4.83	+$0.67	20% 16k bu	Filled	Sep 9, 2026 in 16 days Window Feb-May	Hit
4	$5.02	+$0.86	21% 17k bu	$0.61	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat new crop · Jul 2027

Break-even $5.08 · cash bid $5.91 · 34% priced against a 72% pace

Ladder covers 74% of the cropGuarantee 23k bu

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.33	+$0.25	15% 4,641 bu	Filled	May 9, 2026 4 months ago Window Feb-May	Hit
2	$5.63	+$0.55	16% 4,950 bu	Filled	Jul 9, 2026 46 days ago Window Feb-May	Hit
3	$5.91	+$0.83	21% 6,497 bu	$0.00	Sep 9, 2026 in 16 days Window Feb-May	Due soon
4	$6.13	+$1.05	22% 6,806 bu	$0.22	Nov 9, 2026 in 3 months Window Feb-May	Working

Wheat old crop · Sep 2026

Break-even $5.55 · cash bid $5.36 · 93% priced against a 95% pace

Ladder covers 78% of the crop

Rung	Price	Over cost	Tranche	Away from the bid	Sell by	State
1	$5.79	+$0.24	15% 4,150 bu	Filled	Aug 9, 2026 15 days ago Window Feb-May	Hit
2	$6.10	+$0.55	24% 6,639 bu	Filled	Oct 9, 2026 in 46 days Window Feb-May	Hit
3	$6.43	+$0.88	17% 4,703 bu	Filled	Dec 9, 2026 in 4 months Window Feb-May	Hit
4	$6.75	+$1.20	22% 6,086 bu	Filled	Feb 9, 2027 in 6 months Window Feb-May	Hit

Rungs are sorted by price rather than by the order they were entered, because a scale-up ladder only reads as a ladder in price order. Distance is measured from the cash bid, which is the board plus the local basis, not from the board alone.

A rung that filled before its date is done rather than overdue. The desk's cushion over break-even is $0.10, because a break-even is itself an estimate and pricing exactly at one is pricing at the midpoint of an error bar. On this crop that means a rung has to clear $3.90 to count as clearing cost.