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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Presentation transcript:

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

An Economic Model of Demand 2 Steak Lbs. Cabbage Lbs Steak Lbs. Price of Steak Cabbage Lbs. Price of Cabbage

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

My 1976 Show Steer - Bandit 4

Cost of Gain 5 Dan Childs – Noble Foundation

Cost of Gain and Slaughter Weight 6 Corn Price Increase

Cattle and Corn Prices 7 Source: USDA QuickStats

Oklahoma City Feeder Prices 8

Grass Fat and Grain Fed Ribeye Prices 9

Grain and Grass Fed Beef Markets 10 Grain Fed Beef Grass Fed Beef

Evolution of the U.S. Food Guide (1) 11 Food Guide Pyramid ( )

Evolution of the U.S. Food Guide (2) 12 My Pyramid ( )

Evolution of the U.S. Food Guide (3) 13 My (2011-present)

Anti-Inflammatory Diet & Pyramid 14

Why am I Broke 15

Grass Fed Beef (Berkeley California) 16

Whole Foods (Berkeley California) 17

Markets and Prices (Gainesville, Florida) 18 Trader Joes (six weeks ago) Organic ground beef per pound (15% fat) Regular hamburger 4.49 per pound Fresh Market (a month ago) Grass fed beef [Australian beef] Tenderloin 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 regular 8.98 per pound labeled hormone antibiotic free

Markets and Prices (Gainesville, Florida) 19 Publix (two months ago) Packaged beef strip steak 8.5 ounces Sirloin 8 ounces 8.99 Rib Eye 10 ounce 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 Shelf space was 1/100 of shelf space of all beef. Stores like Winn-Dixie do not sell beef. Likely income