Grass Fed Beef

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Grass Fed Beef Presented by Charles Moss, Andre Schmitz, and Troy Schmitz June 23 th 2014 21 th Annual Moose Jaw Conference

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Grass Fed Beef. Presented by Charles Moss, Andre Schmitz, and Troy Schmitz June 23 th 2014. 21 th Annual Moose Jaw Conference. Price of Steak. An Economic Model of Demand. Steak Lbs. Steak Lbs. Price of Cabbage. 5. 4. 2. 3. Cabbage Lbs. Cabbage Lbs. - PowerPoint PPT Presentation

Transcript of Grass Fed Beef

Page 1: Grass Fed Beef

Grass Fed Beef

Presented by

Charles Moss, Andre Schmitz, and Troy Schmitz

June 23th 2014

21th Annual Moose Jaw Conference

Page 2: Grass Fed Beef

An Economic Model of Demand

2

SteakLbs.

CabbageLbs.

5

2

4

3

A

B

SteakLbs.

Price ofSteak

Cabbage Lbs.

Price ofCabbage

Page 3: Grass Fed Beef

Household Production Models of Demand

3

Steak Lbs.

Cabbage Lbs.

Household Time

Household Production

Meals

Attributes

Taste

Convenience

Nutrition

Prices,Income,Wages

Steak Lbs.

Cabbage Lbs.

Household Time

Household Production

Meals

Attributes

Taste

Convenience

Nutrition

Prices,Income,Wages

Environmental Impact

Grass Fat Beef is Healthier

Grass Fat Beef is Healthier and Better for the Environment

Page 4: Grass Fed Beef

My 1976 Show Steer - Bandit

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Page 5: Grass Fed Beef

Cost of Gain

5Dan Childs – Noble Foundation https://www.noble.org/ag/economics/costofgain/

Page 6: Grass Fed Beef

Cost of Gain and Slaughter Weight

6

R w w p w

CC w q w p

C w

w

R w

w

Corn PriceIncrease

*ww

Page 7: Grass Fed Beef

Cattle and Corn Prices

7Source: USDA QuickStats

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Oklahoma City Feeder Prices

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Grass Fat and Grain Fed Ribeye Prices

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Grain and Grass Fed Beef Markets

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GrassMeatp

GrainFatp

GrassFarmp

GrainFeederp Grain

FatD

GrainFatS

GrainFeederS

GrainFatS

GrassFatD

GrassFatD

GrainFatS

GrainMeatS

Grain Fed Beef Grass Fed Beef

Page 11: Grass Fed Beef

Evolution of the U.S. Food Guide (1)

11Food Guide Pyramid (1992-2005)

Page 12: Grass Fed Beef

Evolution of the U.S. Food Guide (2)

12 My Pyramid (2005-2011)

Page 13: Grass Fed Beef

Evolution of the U.S. Food Guide (3)

13My (2011-present)

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Anti-Inflammatory Diet & Pyramid

14

Page 15: Grass Fed Beef

Why am I Broke

15

Page 16: Grass Fed Beef

Grass Fed Beef (Berkeley California)

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Page 17: Grass Fed Beef

Whole Foods (Berkeley California)

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Page 18: Grass Fed Beef

Markets and Prices (Gainesville, Florida)

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Trader Joes (six weeks ago)Organic ground beef 6.99-7.49 per pound

(15% fat)Regular hamburger 4.49 per pound

Fresh Market (a month ago)Grass fed beef [Australian beef] Tenderloin

14.99 per pound burger 6.99 per poundRegular 8.99 per pound per pound Ground

Chuck 4.99 per pound Wards (last Saturday)

Own U.S. Beef Porterhouse 14.80 regular 8.98 per pound labeled hormone antibiotic free

Page 19: Grass Fed Beef

Markets and Prices (Gainesville, Florida)

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Publix (two months ago)Packaged beef strip steak 8.5 ounces 11.99.Sirloin 8 ounces 8.99Rib Eye 10 ounce 12.99.Labeled Grass Fed hamburger 7.99 per pound

Comparable 4.97 per poundPrice for T-bone was 9.99 porter house 9.99

Rib Eye 13.99, New York strip 13.99.Shelf space was 1/100 of shelf space of all

beef.Stores like Winn-Dixie do not sell beef.

Likely income


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