2. Bone Lean Final A70 B10 = A90 It states use a simple average when lean and bone maturities are within 40 % of each other. Caution: you have javascript disabled. $.' Evaluation of beef quality and composition is important to cattle producers, meat packers and retailers, and consumers. Quality Grade of a beef carcass is determined by evaluating carcass indicators of physiological maturity and marbling, as reflected in the Official USDA Grading Chart (Figure 2). 12. Maturity. Now plug in the numbers to calculate the yield: A 4% bond is purchased at 92 with 25 years until maturity, What is the current yield? 0 h�bbd`b`�bb`�eb`� ����� #� Your site experience may be affected. ���� JFIF � � �� C Make sure you understand which type of bond the question is talking about prior to answering because there are many differences. %%EOF How did they figure the answer? Beef Quality Grades A quality grade is a composite evaluation of factors that affect palatability of meat (tenderness, juiciness, and flavor). Answer: C. $10,137.50. Next, you have to remember that these $1,000 par value bonds aren’t actually trading at 101.375. %PDF-1.3 %���� So a bond trading at 101-3/8 would convert to a bond trading at 101.375 (3/8 = 0.375). 16 0 obj <>stream endstream endobj 14 0 obj <>stream The first thing you have to do is convert the fraction to a decimal. The age of a beef animal has a direct effect on tenderness of the meat it produces. Bull B because he has the lowest milking ability EPD. 2013-38858-21212 and the National Agriculture in the Classroom Organization. A 6% corporate bond is trading at 101. Beef Yield Grading – Practice Worksheet 1 No. For the debt securities portion of the Series 7 exam, you need to know something about to determine bond prices and yields. How much would an investor purchasing ten of these bonds pay? These factors include carcass maturity, firmness, texture, and color of lean, and the amount and distribution of marbling within the lean. Economically important traits for beef cattle evaluation discussed below are live weight, dressing percent, muscling, fat thickness, yield grade and quality grade. What's the Difference? Use our curriculum matrix to help your students arrive at agricultural literacy. Because this bond was purchased at a premium, you have to determine the annual amortization by taking the difference between the purchase price and par value and dividing it by the ten years until maturity. 5. Name lipid or nucleic acid. What yield could an investor expect if purchasing the bond at the current price and holding it ten years until maturity? endstream endobj 11 0 obj <> endobj 12 0 obj <>>>/Rotate 0/Type/Page>> endobj 13 0 obj <>stream The annual interest is $40 (4 percent x 1,000 par), and the market price is $920 (92 percent x 1,000 par): ABC Corporate Bonds are quoted at 101-3/8. 17. When bulls have this high of a Next, you have to remember that these $1,000 par value bonds aren’t actually trading at 101.375. Whole cuts of beef are given a quality grade by USDA meat graders. Any opinions, findings, conclusions, or recommendations expressed on this website do not necessarily reflect the view of the USDA. to figure the answer. As cattle mature, their meat becomes progressively tougher. H�*T034�30P AsKN$�**�+�{�*��+� ߏ � HCW Adj Fat REA % KPH Yield Grade 1 572 0.68 9.6 2.5 2 800 0.44 14.8 1.5 3 546 0.48 10.0 2.0 4 The first thing you have to do is convert the fraction to a decimal. Meat researchers have developed reliable methods for measuring the factors that influence eating characteristics and factors affecting yield of lean cuts. Per. This website is managed by National Center for Agricultural Literacy at Utah State University (2020) and supported by the National Institute of Food and Agriculture (NIFA), United States Department of Agriculture (USDA), under Agreement No. 15. Bull D because the data indicate that his offspring will be the fastest growing at all stages and pass on the best milking genetics as evidenced by the highest milk EPD. A birth weight EPD of +7.0 is extremely high. 10. Consumers desire cuts of beef that are lean, nutritious, and possess desirable eating characteristics. A person who understands and can communicate the source and value of agriculture as it affects our quality of life. He is also an instructor at Empire and is the author of Series 7 Exam For Dummies. Send us a message with your question or comment. Prime: Prime beef comes from young cattle who are well-fed. 16. Here is an example: with correct answer. 6. Steven M. Rice is a partner in Empire Stockbroker Training Institute, one of the country’s leading schools for training to the security industry. A Look at Organic vs Conventional Food, Use our eLearning resources to engage your students, Learn more about the 2021 National Conference in Des Moines, Iowa, June 28-July 1, Highlights of 2020 National Virtual Summit, Meet the 2020 National Agriculture Advocate Winner, Join National Agriculture in the Classroom Organization, Donate to support the teacher professional development, National Center for Agricultural Literacy at Utah State University, Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. Live Weight Beef cattle have a wider range of market weights compared to other species due to differences in type and maturity. So a bond trading at 101-3/8 would convert to a bond trading at 101.375 (3/8 = 0.375). To determine the current yield of a bond, you have to divide the annual interest by the market price. The normal range is 950-1500 pounds with an average weight of 1150 pounds. 10 0 obj <> endobj I am doing a Beef Maturity Practice sheet and completely lost on how. National Agricultural Literacy Curriculum Matrix (2013) is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. 4. ANSWERS 1. 3. endstream endobj startxref 18. Next, because the investor is purchasing ten of these bonds, you have to multiply your answer by 10: ($1,013.7)(10 bonds) = $10,137.50. The annual interest is $60 because it has a 6 percent coupon rate, and par value is $1,000 (6 percent of $1,000 = $60). Price and Yield Calculations on the Series 7 Exam, 1,001 Series 7 Exam Practice Questions For Dummies Cheat Sheet, Setting Yourself Up for Success on the Series 7 Exam, Municipal Bonds and Notes on the Series 7 Exam. Bull B should scare you! The 101.375 is a percentage of par, so the bonds are actually trading at (101.375%)($1,000 par) = $1,013.75. Macromolecules Worksheet Part A. Classify each as a carbohydrate, protein, 2. ",#(7),01444'9=82. Round to nearest tenth of bone maturity if not tenths. Beef Dressing Percent Fed Cattle = 63% Cows = 50% Factors that affect dressing percentage “Fill” -- large rumen capacity fat cover -- fat animals have higher dress mud on the hide -- add live weight, reduce dress 15 0 obj <>/Filter/FlateDecode/ID[<3096B9860985E747AD759002D266BDE8><3096B9860985E747AD759002D266BDE8>]/Index[10 7]/Info 9 0 R/Length 36/Prev 626342/Root 11 0 R/Size 17/Type/XRef/W[1 2 0]>>stream h�b```f``������T� �� 6�NF�P��P� �����4���ec�����@� I�n Quality grades act as a language within the beef industry and are based off of the degree of marbling found within the meat, as well as the age and maturity of the beef.
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