Beef Grading (Exam 3) Flashcards
What are the most critical factors that influence profitability of decisions on carcass pricing? (5)
Quality and dress percentage
Choice-select market price spread
Production and feeding cost to target cattle to a specific price grid or packer
Knowledge about price and quality distribution of cattle
Ability to sort to meet critieria of specific pricing grid or formula
What is known in live cattle pricing?
Live weight
Shrink
What is the packer’s risk assumed in live cattle pricing?
Quality
Yield
Dressing
What is adjusted in live cattle pricing?
Values of hide and by-producs
Cost of transportation and slaughter
Profit margin for packer
What is known in dressed weight pricing?
Live weight
Shrink
What is the seller’s risked assumed in dressed weight pricing?
Hot carcass weight
What is the packer’s risk assumed in dressed weight pricing?
Quality
Yield
What is adjusted in dressed weight pricing?
Values of hide and by-products
Cost of transportation and slaughter
Profit margin for packer
What do sellers normally pay in dressed weight pricing?
Transportation
What is known in grid pricing?
Live weight
Shrink
What is the seller’s assumed risk in grid pricing?
Hot carcass weight
Dressing percentage
Quality
Yield of individual animals
What is adjusted in grid pricing?
Values of hide and by-products
Cost of transportation and slaughter
Profit margin for packer
What is important for the seller to have in grid pricing?
Knowledge of their cattle
What is yield grade?
Predicted percent of boneless, closely trimmed retail cuts
What is quality grade?
Prediction of satisfaction and consistency of palatability
Why do we care about yield and quality grade?
Pricing
What cut of meat gives the least amount of meat?
Ribs
What are the 4 criteria that yield and mutability estimations based on?
Hot carcass weight
Adjust fat thickness
Ribeye area
KPH fat
What are the 4 steps in figuring yield grade?
Preliminary yield grade
Adjusted for ribeye area (REA)
Adjusted for hot carcass weight
Adjusted for kidney, pelvic, and heart fat
What is the rule for PYG?
For every 0.1 in of backfat thickness, add 0.25 to the initial PYG
What is the rule for REA?
For every 0.3 square inches from REA base of 11, add 0.1