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G98-1352 Issues To Consider When Selling Cattle On A Grid Or Formula, Dillon M. Feuz
G98-1352 Issues To Consider When Selling Cattle On A Grid Or Formula, Dillon M. Feuz
University of Nebraska-Lincoln Extension: Historical Materials
This NebGuide discusses issues and problems associated with matching cattle to the appropriate market.
Recently there has been a much greater emphasis on improving the quality and consistency of beef. Cattle producers, breed associations, feed suppliers and beef packers have initiated value based pricing methods. Grid pricing, formula pricing, and strategic alliances are examples of these new value based pricing methods. While these pricing methods may differ substantially in the carcass and management traits they seek to reward or penalize, they all have one common feature: price is established on each individual animal.
The goals of the new pricing methods …