The Missouri Beef Audit:

An Analysis of Missouri's Competitive
Position in the Beef Industry

June 2009

TITLE PAGE
EXECUTIVE SUMMARY
CHAPTER 1: HISTORICAL ECONOMIC, STRUCTURAL, AND COMPETITIVE TREND ANALYSIS
1.1 CHARACTERISTICS OF MISSOURI’S BEEF INDUSTRY
1.1.1 Evolution as a CowCalf State
1.1.2 Changes in Beef Cow Inventory
1.1.3 Cattle Cycle
1.1.4 Top Beef Cow States
1.2 STOCKER INVENTORY
1.2.1 Missouri Stocker Inventory
1.2.2 Stocker Inventory Trends for Missouri and Surrounding States .
1.2.3 Pastureland Potential Annual Stocking Rates by Missouri County
1.3 BEEF COW OPERATIONS IN MISSOURI
1.3.1 Missouri Beef Cow Operations and Inventory
1.3.2 U.S. Beef Cow Operations and Inventory
1.3.3 U.S. Beef Production per Head
1.3.4 U.S. Beef Production per Head and U.S. Beef Cow Inventory
CHAPTER 2: CURRENT COMPETITIVE POSITION OF MISSOURI'S BEEF INDUSTRY
2.1 COST OF PRODUCTION
2.1.1 Farm Real Estate Values
2.1.2 Pastureland Value
2.1.3 Pastureland Cash Rent
2.1.4 Corn Prices
2.1.5 Coproduct Feed Availability and Prices
2.1.6 Hay Production and Prices
2.1.7 Farm Labor
2.1.8 Nationwide Cost and Return Comparison
2.1.9 Interpretation of the Missouri Costs and Returns Survey
2.1.10 Beef Cow Potential Annual Stocking Rate
2.1.11 Land Investment per Cow
2.2 MISSOURI FARMLAND APPRECIATION
2.3 REGIONAL CATTLE PRICE RELATIONSHIPS
2.4 MARKETING CHANNELS FOR CATTLE
2.5 PUREBRED INDUSTRY
2.6 ECONOMIC IMPACT OF THE MISSOURI BEEF INDUSTRY
CHAPTER 3: SYSTEMS, STRATEGIES, AND ECONOMIC OPPORTUNITIES FOR MISSOURI
3.1 SYSTEM # 1: HERITAGE AND LIFESTYLE MOTIVATED BEEF PRODUCERS
3.2 SYSTEM # 2: ENHANCED-PROFIT-MOTIVATED, INDIVIDUALIST
3.3 SYSTEM # 3: ENHANCED-PROFIT-MOTIVATED, GROUP ORIENTED
3.4 SYSTEM # 4: SEEDSTOCK PRODUCER
3.5 PRODUCTION STRATEGIES FOR MISSOURI’S FUTURE BEEF INDUSTRY
3.6 MARKETING STRATEGIES FOR MISSOURI’S FUTURE BEEF INDUSTRY
APPENDIX A: MISSOURI CATTLE FLOWCHART 2008