CROPP Beef Pool Pay Price Schedule

All prices are on the hanging weight for members of CROPP Cooperative.

CURRENT BEEF PRICING (as of 08/01/11)

USDA Choice 1-4 This is the target for all finished beef $2.35*/hot carcass # (on the rail)
USDA Choice 5 -$.15*/hot carcass # (on the rail)
USDA High Select 1-3 -$.20*/hot carcass # (on the rail)
USDA High Select 4 & 5 -$.30*/hot carcass # (on the rail)
USDA Low Select 1-3 -$.30*/hot carcass # (on the rail)
USDA Low Select 4-5 -$.40*/hot carcass # (on the rail)

TRIM ANIMAL PRICING

Dairy/Beef Bull (young non-service ONLY) $1.20*/hot carcass # (on the rail)
Standard* $1.37*/hot carcass # (on the rail)
Cull Cow/Utility* $1.12*/hot carcass # (on the rail)
Cow/Utility Quality Program $0.10 Discount (Average Yielding) $0.22 Deduct (Low Yielding)
Standard Quality Program $0.17 Discount Carcasses Under 500 Pounds= CROPP will guarantee a $.10/lb. Organic Premium over the conventional market (3-week rolling average).

Guaranteed Organic Premium over Conventional Pricing

Given the current high conventional cattle prices, CROPP has instituted a policy that will guarantee a $.10/lb. premium over conventional pricing for all categories of cattle. If the 3-week rolling average of the conventional pay price is greater than or equal to the CROPP Beef Pay Price, then CROPP will match the conventional price AND pay the organic premium of $.10/lb. If the 3-week rolling average of the conventional pay price is within $.10/lb. of the CROPP pay price, then CROPP will pay the amount necessary to achieve a $.10/lb. premium over conventional.

Example 1: If the 3-week rolling average Cull Cow price is $1.16/lb., then CROPP will match the conventional price AND pay a $0.10/lb. premium over conventional, yielding a farmer pay price of $1.26/lb.

Example 2: If the 3-week rolling average Cull Cow price is $1.08/lb., then CROPP will pay a $0.10/lb. premium over conventional, yielding a farmer pay price of $1.18/lb.

Midwest Regional Pricing

For cattle slaughtered in the Midwest, choice grade conventional prices are tracked according to the USDA 5 Area Weekly Average (http://www.ams.usda.gov/LSMNpubs/PDF_Weekly/WCBS.pdf).  All other grades are tracked using weekly prices reported to CROPP by NFO.

California/West Coast Regional Cull Cow Pricing

For cull cows slaughtered in California, conventional pay prices are tracked according to the prices reported by Newman Livestock, Inc., Newman, CA.