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Countries regulate the marketing and sale of beef by observing criteria of cattle carcasses at the abattoir (slaughterhouse) and classifying the carcasses. This classification, sometimes optional, can suggest a market demand for a particular animal's attributes and therefore the price owed to the producer.
A carcass grade (or expected carcass grade) is used to determine selling prices for cull cows, which are estimated to comprise 20% of the beef available to consumers in the United States. [1] A Body Condition Scoring system or BCS, which is used to grade live cows and bulls, is used to determine the carcass grade. [1]
A YG 1 designation indicates a carcass having the highest percentage of boneless, closely trimmed retail cuts, or higher cutability, while a YG 5 carcass would have the lowest of each. The USDA Yield Grades are rated numerically from 1 to 5, with 1 denoting the highest yielding carcass and 5 the lowest. [1]
Feeder cattle futures contracts, traded on the Chicago Mercantile Exchange (CME), can be used to hedge and to speculate on the price of feeder cattle. Cattle producers can hedge future buying and selling prices for feeder cattle through trading feeder cattle futures, and such trading is a common part of a producer's risk management program. [11]
Wet-aged beef is beef that has typically been aged in a vacuum-sealed bag to retain its moisture. Since the 1970s, with the development of vacuum packing machines and related technology, this has become the dominant mode of aging beef in the US and UK. It is popular with producers, wholesalers and retailers because it takes less time: typically ...
USDA’s Food Safety and Inspection Service (FSIS) collected 30 samples of ground beef from retail outlets in the states with dairy cattle herds that had tested positive for H5N1 at the time of ...
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