Extensive beef production systems lack the energy dense feeds currently used in finishing beef cattle for harvest. However, participation in an alliance, forward contracting, or retained ownership provide options to capture benefits that result from improved feed conversion and carcass merit due to the selection of breeding stock. Alternatively, managers of extensive beef production systems may choose to market their livestock through competitive pricing at the time the cattle leave their possession. The latter approach requires less managerial input, and it may reduce risk relative to alternatives in which the change in ownership occurs nearer harvest.
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