Document Type

Article

Publication Date

1-15-2008

Keywords

grid pricing, national beef quality audit, public livestock price reporting, beef carcass quality

Abstract

Beef industry data suggest that beef carcass yield and quality grades have shown little improvement over the last six years. Empirical analysis, based on USDA public market reports, indicates that the share of steer slaughter volume marketed on a grid is less than industry estimates and the growth in grid market share of total steer slaughter is stagnate. Trend analysis of grid market share and carcass quality suggests that grid pricing has not made sufficient progress in achieving the goals envisioned for it as a value based marketing system. We conclude additional research on producer resistance to selling on a grid is needed.

Publisher

Department of Economics, South Dakota State University

Series Number

2008-2

Number of Pages

26

Download

Share

COinS