Beef IndustryBeef Industry

Quiz AnswersQuiz Answers 1. On average, how many 1. On average, how many

hamburgers are sold at U.S. hamburgers are sold at U.S. McDonald’s in one day?McDonald’s in one day?– A. 6,480,000A. 6,480,000

Quiz AnswersQuiz Answers 2. How many pounds of beef were 2. How many pounds of beef were

consumed in the U.S. in 2010?consumed in the U.S. in 2010?– D. 26.4 billion poundsD. 26.4 billion pounds

Quiz AnswersQuiz Answers 3. How many hamburgers are sold 3. How many hamburgers are sold

at McDonald’s every second?at McDonald’s every second?– C. 75C. 75

Quiz AnswersQuiz Answers 4. How many hamburgers are sold 4. How many hamburgers are sold

at McDonald’s every minute?at McDonald’s every minute?– C. 4,500C. 4,500

Quiz AnswersQuiz Answers 5. How many head of cattle were 5. How many head of cattle were

processed every day in the United processed every day in the United States in 2010?States in 2010?– C. 93,699C. 93,699

Why Should These Questions Why Should These Questions Matter to You?Matter to You?

Where’s the Beef?Where’s the Beef?

Farm to ForkFarm to Fork

Beef Cattle Industry in United Beef Cattle Industry in United States AgricultureStates Agriculture

Beef is 20.4% of total agricultureBeef is 20.4% of total agriculture Crops make up 49.8%Crops make up 49.8% Livestock & Products (excluding Livestock & Products (excluding

beef) 29.8%beef) 29.8%

U.S Cattle NumbersU.S Cattle Numbers Top 5 StatesTop 5 States 1. Texas1. Texas 2. Kansas2. Kansas 3. Nebraska3. Nebraska 4. Iowa4. Iowa 5. Colorado5. Colorado(USDA 2007 Ag Census)(USDA 2007 Ag Census)

Structure of Beef Cattle Structure of Beef Cattle IndustryIndustry

1. Beef Consumer1. Beef Consumer 2. Retailer2. Retailer 3. Packer3. Packer 4. Finish Feedlot4. Finish Feedlot 5. Stocker/Backgrounder5. Stocker/Backgrounder 6. Stocker/ Yearling6. Stocker/ Yearling 7. Cow-Calf Operation7. Cow-Calf Operation 8. Seedstock Provider8. Seedstock Provider

Beef ConsumerBeef Consumer ImportanceImportance

– TasteTaste– Lean to Fat RatioLean to Fat Ratio– Lean to Bone RatioLean to Bone Ratio– ConvenienceConvenience– UniformityUniformity– PricePrice

RetailerRetailer ImportanceImportance

– YieldYield– ConsistencyConsistency– Shelf LifeShelf Life– MarkupMarkup

PackerPacker ImportanceImportance

– Yield GradeYield Grade– Quality GradeQuality Grade– Dressing PercentDressing Percent– Drop ValueDrop Value

Finish FeedlotFinish Feedlot ImportanceImportance

– Rate of GainRate of Gain– Feed EfficiencyFeed Efficiency

Stocker/BackgrounderStocker/Backgrounder Weaning to FinishingWeaning to Finishing

– ImportanceImportance Rate of gainRate of gain Purchase PricePurchase Price Selling PriceSelling Price

Stocker/YearlingStocker/Yearling Grown on GrassGrown on Grass

– 5 ways to lower 5 ways to lower costscosts Reduce Reduce

supplemental feed supplemental feed costscosts

Rotational grazeRotational graze Good geneticsGood genetics Reduce labor costsReduce labor costs Good health Good health

programprogram

Cow-CalfCow-Calf ImportanceImportance

– Number of calves Number of calves (+)(+)

– Weight of calves Weight of calves (+)(+)

– Quality of calves Quality of calves (+)(+)

– Input costs (-)Input costs (-)

SeedstockSeedstock Provides Genetic MaterialProvides Genetic Material

– ImportanceImportance Considers all factors of production chainConsiders all factors of production chain Record-basedRecord-based

Review, Questions, Answers Review, Questions, Answers and Discussionand Discussion