grass fed beef presented by charles moss, andre schmitz, and troy schmitz june 23 th 2014 21 th...
TRANSCRIPT
Grass Fed Beef
Presented by
Charles Moss, Andre Schmitz, and Troy Schmitz
June 23th 2014
21th Annual Moose Jaw Conference
An Economic Model of Demand
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SteakLbs.
CabbageLbs.
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2
4
3
A
B
SteakLbs.
Price ofSteak
Cabbage Lbs.
Price ofCabbage
Household Production Models of Demand
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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
My 1976 Show Steer - Bandit
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Cost of Gain
5Dan Childs – Noble Foundation https://www.noble.org/ag/economics/costofgain/
Cost of Gain and Slaughter Weight
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R w w p w
CC w q w p
C w
w
R w
w
Corn PriceIncrease
*ww
Cattle and Corn Prices
7Source: USDA QuickStats
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
Evolution of the U.S. Food Guide (1)
11Food Guide Pyramid (1992-2005)
Evolution of the U.S. Food Guide (2)
12 My Pyramid (2005-2011)
Evolution of the U.S. Food Guide (3)
13My (2011-present)
Anti-Inflammatory Diet & Pyramid
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Why am I Broke
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Grass Fed Beef (Berkeley California)
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Whole Foods (Berkeley California)
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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
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