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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.
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Grass Fed Beef Presented by Charles Moss, Andre Schmitz, and Troy Schmitz June 23th 2014 21thAnnual 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.
Household Production Models of Demand Grass Fat Beef is Healthier Prices, Income, Wages Attributes Steak Lbs. Taste Household Production Cabbage Lbs. Convenience Meals Household Time Nutrition Grass Fat Beef is Healthier and Better for the Environment Prices, Income, Wages Attributes Steak Lbs. Taste Meals Household Production Cabbage Lbs. Convenience Environmental Impact Household Time Nutrition
Cost of Gain Dan Childs – Noble Foundation https://www.noble.org/ag/economics/costofgain/
Cost of Gain and Slaughter Weight Corn Price Increase
Cattle and Corn Prices Source: USDA QuickStats
Grain and Grass Fed Beef Markets Grass Fed Beef Grain Fed Beef
Evolution of the U.S. Food Guide (1) Food Guide Pyramid (1992-2005)
Evolution of the U.S. Food Guide (2) My Pyramid (2005-2011)
Evolution of the U.S. Food Guide (3) My (2011-present)
Markets and Prices (Gainesville, Florida) • 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 pound • Regular 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
Markets and Prices (Gainesville, Florida) • Publix (two months ago) • Packaged beef strip steak 8.5 ounces 11.99. • Sirloin 8 ounces 8.99 • Rib Eye 10 ounce 12.99. • Labeled Grass Fed hamburger 7.99 per pound • Comparable 4.97 per pound • Price 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