Transcript Beef Industry

Beef Industry
Quiz Answers
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1. On average, how many hamburgers are
sold at U.S. McDonald’s in one day?
– A. 6,480,000
Quiz Answers
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2. How many pounds of beef were
consumed in the U.S. in 2010?
– D. 26.4 billion pounds
Quiz Answers
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3. How many hamburgers are sold at
McDonald’s every second?
– C. 75
Quiz Answers
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4. How many hamburgers are sold at
McDonald’s every minute?
– C. 4,500
Quiz Answers
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5. How many head of cattle were
processed every day in the United States
in 2010?
– C. 93,699
Why Should These Questions
Matter to You?
Where’s the Beef?
Farm to Fork
Beef Cattle Industry in United
States Agriculture
Beef is 20.4% of total agriculture
 Crops make up 49.8%
 Livestock & Products (excluding beef)
29.8%
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U.S Cattle Numbers
Top 5 States
 1. Texas
 2. Kansas
 3. Nebraska
 4. Iowa
 5. Colorado
(USDA 2007 Ag Census)
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Structure of Beef Cattle Industry
1. Beef Consumer
 2. Retailer
 3. Packer
 4. Finish Feedlot
 5. Stocker/Backgrounder
 6. Stocker/ Yearling
 7. Cow-Calf Operation
 8. Seedstock Provider
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Beef Consumer
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Importance
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Taste
Lean to Fat Ratio
Lean to Bone Ratio
Convenience
Uniformity
Price
Retailer
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Importance
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Yield
Consistency
Shelf Life
Markup
Packer
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Importance
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Yield Grade
Quality Grade
Dressing Percent
Drop Value
Finish Feedlot
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Importance
– Rate of Gain
– Feed Efficiency
Stocker/Backgrounder
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Weaning to Finishing
– Importance
 Rate of gain
 Purchase Price
 Selling Price
Stocker/Yearling
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Grown on Grass
– 5 ways to lower costs
 Reduce supplemental
feed costs
 Rotational graze
 Good genetics
 Reduce labor costs
 Good health program
Cow-Calf
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Importance
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Number of calves (+)
Weight of calves (+)
Quality of calves (+)
Input costs (-)
Seedstock
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Provides Genetic Material
– Importance
 Considers all factors of production chain
 Record-based
Review, Questions, Answers and
Discussion