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Beef Pricing Grid

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Page 1: Beef Pricing Grid

Beef Pricing Grid

Page 2: Beef Pricing Grid

Dressing PercentagesLive Wt

Carcwt

Dress%

1 1275 803 63

2 1325 822

3 1475 959

4 1120 683

Carcass Weight ÷ Live Weight = Dressing Percentage#1: 803 ÷ 1275 = .629

To make that a percentageMultiply .629 x 100 = 62.9%

This can be rounded up to 63%

Live Wt

Carcwt

Dress%

1 1275 803 63

2 1325 822 62

3 1475 959 65

4 1120 683 61

Page 3: Beef Pricing Grid

Quality Grade

• Quality Grade: how much fat is in the meat

Live Wt

Carcwt

Dress%

QualGrade

1 1275 803 63 C-

2 1325 822 62 Se+

3 1475 959 65 C+

4 1120 683 61 Se-

Page 4: Beef Pricing Grid

Quality Grade

Prime = PUpper Choice = C+

Choice = CSelect = SeStandard = StThis information is given to you – you will never have to figure this out, it is

information you will use!

Live Wt

Carcwt

Dress%

QualGrade

1 1275 803 63 C-

2 1325 822 62 Se+

3 1475 959 65 C+

4 1120 683 61 Se-

Page 5: Beef Pricing Grid

Yield GradeLive Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value

1 1275 803 63 C- 2.8

2 1325 822 62 Se+ 2.2

3 1475 959 65 C+ 3.7

4 1120 683 61 Se- 1.9

• This is a measurement of many areas but mostly backfat – This is a measurement of fat outside the muscle

• Yield Grade 1 = Lean• Yield Grade 5 = Fat

Page 6: Beef Pricing Grid

Carcass Value/CWT

Prime Upper Choice

Choice Select

1 +37 +17 +7 -10

2 +33 +13 +3 -14

3 +30 +10 0 -17

4 +15 -5 -15 -32

5 -25 -25 -25 -42

Carcass value/CWTCWT = per 100 lbsIn the scenario we are given base price of $145/cwt

Animals #1

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

1 1275 803 63 C- 2.8

2 1325 822 62 Se+ 2.2

3 1475 959 65 C+ 3.7

4 1120 683 61 Se- 1.9

145 + 3 =148 Carcass value/cwt

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

1 1275 803 63 C- 2.8 148

2 1325 822 62 Se+ 2.2

3 1475 959 65 C+ 3.7

4 1120 683 61 Se- 1.9

Page 7: Beef Pricing Grid

Prime Upper Choice

Choice Select

1 +37 +17 +7 -10

2 +33 +13 +3 -14

3 +30 +10 0 -17

4 +15 -5 -15 -32

5 -25 -25 -25 -42

Carcass value/CWTCWT = per 100 lbsIn the scenario we are given base price of $145/cwt Carcass weight deduction:950-1050# -12Over 1051# -35

Animals #3

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

1 1275 803 63 C- 2.8 148

2 1325 822 62 Se+ 2.2

3 1475 959 65 C+ 3.7

4 1120 683 61 Se- 1.9

145 +10 =158 Carcass value/cwt With deductions since the carcass is above 950158 – 12 = 143

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

1 1275 803 63 C- 2.8 148

2 1325 822 62 Se+ 2.2

3 1475 959 65 C+ 3.7 143

4 1120 683 61 Se- 1.9

Page 8: Beef Pricing Grid

Gross Carcass value

• 803 ÷ 100 = 8.03 CWT/animal• 8.03 x 148 = $1188.44 $/animal

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

1 1275 803 63 C- 2.8 148

2 1325 822 62 Se+ 2.2 131

3 1475 959 65 C+ 3.7 143

4 1120 683 61 Se- 1.9 135

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

1 1275 803 63 C- 2.8 148 1188

2 1325 822 62 Se+ 2.2 131

3 1475 959 65 C+ 3.7 143

4 1120 683 61 Se- 1.9 135

Page 9: Beef Pricing Grid

Live Value

• Live value is Gross carcass value X Dressing Percentage

• 1188 x .63 = 749

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

1 1275 803 63 C- 2.8 148 1188

2 1325 822 62 Se+ 2.2 131 1077

3 1475 959 65 C+ 3.7 143 1371

4 1120 683 61 Se- 1.9 135 922

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

1 1275 803 63 C- 2.8 148 1188 749

2 1325 822 62 Se+ 2.2 131 1077

3 1475 959 65 C+ 3.7 143 1371

4 1120 683 61 Se- 1.9 135 922

Page 10: Beef Pricing Grid

Day on feed & Feed cost/Day

• Day on feed is a number that is always given to you along with feed cost per day

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

1 1275 803 63 C- 2.8 148 1188 749 200 .79

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83

3 1475 959 65 C+ 3.7 143 1371 891 220 .73

4 1120 683 61 Se- 1.9 135 922 562 120 .70

Page 11: Beef Pricing Grid

Total Feed Cost

• To find the total feed cost:• Days on feed x Feed cost/day = Total feed cost• 200 x .79 = 158

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

1 1275 803 63 C- 2.8 148 1188 749 200 .79

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83

3 1475 959 65 C+ 3.7 143 1371 891 220 .73

4 1120 683 61 Se- 1.9 135 922 562 120 .70

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

1 1275 803 63 C- 2.8 148 1188 749 200 .79 158

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83

3 1475 959 65 C+ 3.7 143 1371 891 220 .73

4 1120 683 61 Se- 1.9 135 922 562 120 .70

Page 12: Beef Pricing Grid

Profits

• Gross carcass value – feed cost – health management cost – original calf cost = net profit

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

Net Profit

1 1275 803 63 C- 2.8 148 1188 749 200 .79 158

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83 125

3 1475 959 65 C+ 3.7 143 1371 891 220 .73 161

4 1120 683 61 Se- 1.9 135 922 562 120 .70 84

Page 13: Beef Pricing Grid

• 749 (line value) – 158 (feed) = 591• 591 – 24 (Health cost) = 567

• All animal were purchased at 600 lb for 90 cwt

• 600 ÷ 100 = 6 >>> 6 x 90 = 540• 567 – 540 (calf) = $27 profit

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

Net Profit

1 1275 803 63 C- 2.8 148 1188 749 200 .79 158

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83 125

3 1475 959 65 C+ 3.7 143 1371 891 220 .73 161

4 1120 683 61 Se- 1.9 135 922 562 120 .70 84

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

Net Profit

1 1275 803 63 C- 2.8 148 1188 749 200 .79 158

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83 125

3 1475 959 65 C+ 3.7 143 1371 891 220 .73 161

4 1120 683 61 Se- 1.9 135 922 562 120 .70 84

Page 14: Beef Pricing Grid

Live Wt

Carcwt

Dres%

QualGrade

YieldGrade

Carc.Value/CWT

GrossCarc Value

Live Value

Days OnFeed

Feed Cost/day

Total Feed Cost

Net Profit

1 1275 803 63 C- 2.8 148 1188 749 200 .79 158 27

2 1325 822 62 Se+ 2.2 131 1077 668 150 .83 125 -21

3 1475 959 65 C+ 3.7 143 1371 891 220 .73 161 166

4 1120 683 61 Se- 1.9 135 922 562 120 .70 84 -86

•Which Steer was most profitable?• 3

•Was the Steer with the lowest quality grade the least profitable?• 1=yes

•Did more days on feed result in more profit?• 1=yes

•Did the steer with the poorest yield grade have the lowest carcass value/cwt?• 2=no

•Does it appear that the dressing percent is higher for fatter steers?• 1=yes