The name is absent



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



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