North Fork Ag

Dana Rasmussen · Jewell County, KS · Katie Rennick · client since 2021

174k bu at 82% priced · 2,282 head at 6% sold

$1.5M under management

Call before pricingCosts are estimatesLast spoke in 5 days1 critical13 other findings(785) 555-8300

Position Plan Working Orders Sales Break-evens Livestock Coverage Recap

272 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

2,282

147 sold, 6% by head

Sold against pace

Pace target 10% by head.

Head with no floor

272

Unsold, with no endorsement and no forward contract.

On the table

—

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

Finishing barn, Jul turn Hog

2,282 head at 2.59 cwt · 5,910 cwt total

Needs a callReady in 9 months

Time stop passed: the 537 head lot was due 2026-08-25

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 $84.88/cwt against a $89.58 break-even.

537 head at $84.88 banks -$6,530 over cost of gain.

Cost of gain

$89.58

$232 a head. Estimated.

Market today

$84.88

Hog at the outlets this client uses.

Average sold

$83.73

-$5.85/cwt over cost on 147 head, so -$2,211 banked.

Market over cost

-$4.70

The market is not paying what these animals cost.

Sold against pace, by head6% of 10% target

By head rather than by pounds, which is what a producer means. 147 head is 6% of the weight, because the lots that went first were not average.

2,135 unsold272 with no floor400 restingWindow Jul 25, 2027 to Aug 25, 2027

What is under the price

Index	Head	Coverage	Premium	Net floor	Against cost	Ends
Swine	1,863	$78.58	$-1.88	$76.70	-$12.88 Under cost	Nov 15, 2026 13 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 Dana Rasmussen, 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
$93.16	537	+$3.58 $4,986	$8.28	Aug 25, 2026 61 days ago	Time stop passed
$93.16	471	+$3.58 $4,373	$8.28	Oct 25, 2026 today	Due soon
$93.16	642	+$3.58 $5,961	$8.28	Dec 25, 2026 in 61 days	Working

Resting in the market

Head	Trigger	Away	Expires
400	$87.42	$2.54	Jan 11, 2027

Lots sold

Date	Head	Weight	Price	Outlet
Jul 12, 2026	66	2.49 cwt	$87.11	Prairie Pork Cash
Jun 19, 2026	81	2.64 cwt	$81.13	Prairie Pork 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.