11
Table 2. Fed cattle marketing and pricing practices, by extent of grid pricing in 2003 (NE, CO, KS,
TX, OK, NM)
Grid Pricing Groups
Practice 50% or less of More than 50%
Marketings of Marketings
|
(Percent) | ||
|
Percent custom fed |
60.8 |
52.5 |
|
Percent sold to largest buyer* |
56.5 |
83.6 |
|
Percent marketed with an agreement, | ||
|
contract, part of an alliance or cooperative** |
16.8 |
61.2 |
|
Percent priced on a ... | ||
|
Live weight basis** |
46.7 |
10.2 |
|
Dressed weight basis** |
34.7 |
5.2 |
|
Grid* |
18.4 |
84.0 |
|
Percent of grid pricing when the base price is . | ||
|
Negotiated*** |
39.9 |
23.5 |
|
Formula tied to quoted prices |
42.2 |
39.1 |
|
Formula tied to plant average**** |
14.3 |
29.6 |
|
Formula tied to boxed beef |
_________________1.4_______________ |
5.5 |
* Different means at 0.01 significance, with equal variances
** Different means at 0.01 significance, with unequal variances
*** Different means at 0.05 significance, with equal variances
**** Different means at 0.05 significance, with unequal variances