Summer 2023 NALJA News | Page 12

12 | NALJA News Summer 2023

Virtual Carcass Contest

This contest allows NALJA members to evaluate their breeding and feeding program in the production of meat . It provides contestants the opportunity to study and correlate live animal characteristics with those desired in a carcass .
be ultra-sounded . B ) Divisions : All Progress steers will compete in the same division .
C ) Rules : 1 . All steers shown in the Progress Steer division are eligible to participate and they will be automatically entered . Each exhibitor has the option to opt-out of the contest . 2 . Steers will be ultra-sounded and placed based on their calculated carcass value ($/ cwt ) with total carcass value used to break ties . Grid is based off the week ’ s prior USDA market report .
Base Price : $ 167.00 Ch / Select Spread : $ 20.00 Grade Base : 64.7 %
2023 PRICING GRID
CODE
$/ CWT
PREM / DISC
1
Prime / CH Spread
$ 8.00 Premium
$ 15.06
2
Upper 2 / 3 CH / Choice Spread
$ 5.00 Premium
$ 12.06
3
CH-
$ 7.06
4
SE
$ ( 12.94 )
5
Standards
$ 20.00 Under Select
$ ( 32.94 )
0
None
$ -
10
Commercial / Heiferette
$ 20.00 Under Select
$ ( 32.94 )
20
Dark Cutter
$ 25.00 Below Base Price
$ ( 25.00 )
30
Hard Bone
$ 25.00 Below Base Price
$ ( 25.00 )
40
Bull / Stag
$ 25.00 Below Base Price
$ ( 25.00 )
50
Over 30 MOA
$ 10.00 Below Base Price
$ ( 10.00 )
C1
YLD Grade 1 Choice & Better
$ 5.00 Premium
$ 5.00
C2
YLD Grade 2 Choice & Better
$ 3.00 Premium
$ 3.00
C3
YLD Grade 2.5-2.99 Choice or Better
$ 1.50 Premium
$ 1.50
S1
YLD Grade 1 Select
$ 1.00 above Select 3
$ 1.00
S2
YLD Grade 2 Select
$. 50 above Select 3
$ 0.50
S3
YLD Grade 2.5-2.99 Select
$ 0.25
$ 0.25
101
YLD Grade 3.0-3.49
$ 0
$ -
102
YLD Grade 3.5-3.99
$ ( 5.00 )
104
YLD Grade 4
$ 15 under YG 3
$ ( 15.00 )
105
YLD Grade 5
$ 25 under YG 3
$ ( 25.00 )
535
535 / Down
$ 20.00 Below Base Price ( CH YG3 )
$ ( 20.00 )
900
900-949
$ 1.00 Below Base Price ( CH YG3 )
$ -
950
950-999
$ 2.00 Below Base Price ( CH YG 3 )
$ -
1000
1000 / UP
$ 20.00 Below Base Price ( CH YG 3 )
$ ( 20.00 )
KEY
aPYG : Adjusted Preliminary YG aFAT : Adjusted Fat Thickness REA : Ribeye Area HCWT : Hot Carcass Weight KPH : % Kidney , Pelvic and Heart Fat Marbling : Marbling Score : 100 = Practically Devoid 200 = Traces 300 = Slight 400 = Small 500 = Modest YG : USDA Yield Grade QG : USDA Quality Grade
• Cattle are sorted and ranked by value / cwt
• Choice / Spread used will be quoted spread by USDA on previous week close
• Ties are broken on gross dollar after value / cwt determined
• Base price used will be weekly 5-state average of the previous weeks fed cattle trade as quoted by USDA
• A standard dressing percentage of 63 % will be used to determine HCW since cattle are not actually harvested