Document Type

Article

Publication Date

6-15-2008

Keywords

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

Abstract

Beef industry data suggest that improvements in carcass yield and quality grades have stagnated recently. Empirical analysis, based on USDA market reports, indicates that the share of steer slaughter volume marketed on a grid is less than industry estimates and the growth in market share has stagnated. Trend analysis of market share suggests that grid pricing has become an important marketing channel, but has not become the dominant marketing channel. The lack of industry progress toward achieving the carcass quality goals suggests that grid pricing has not captured the level of market share needed to realize the goals envisioned for it as a value based marketing system.

Publisher

Department of Economics, South Dakota State University

Series Number

2008-3

Number of Pages

32

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