Efficiency is expressed as the unit of input required to produce a unit of output and yield is the total product generated per unit of time or space. Both concepts address waste as a negative characteristic and drive toward improved profitability.
Why is this indicator important to the feedyard sector?
Efficiency and Yield are related to the economic viability of the beef community and can affect the metrics of Land Resources, Water Resources, and Air & Greenhouse Gas Emissions through improved nutrient use efficiency.
Are cattle performance and operational efficiency tracked over time for this facility?
Why did we choose this metric?
Reviewing and comparing performance outcomes over time can enhance decision making, reduce the operations resource use, and improve profitability. Increasing the number of feedyards tracking cattle performance and operational efficiency in the U.S. can have a significant positive effect on the overall efficiency and yield of a specific feedyard and the sector as a whole.
Improved efficiency and yield sustainability outcomes can be realized over time if an operation tracks and acts on improving cattle performance and operational efficiency. By doing this, the following specific outcomes are realized:
- Improved closeout performance
- Improved ration formulation to optimize resources and performance
- Increased efficiency in energy utilization per unit of production
- Minimized shrink and storage losses of feedstuffs through improved methods
- Increased efficiency of feed delivery
Why do these outcomes matter?
The goal of this indicator is not to quantify the efficiency and yield of each feedyard, but rather to help each feedyard develop the process for quantifying and improving their own efficiency and yield.
Increase the efficiency and yield at U.S. feedyard operations.
How does this metric continuously improve beef sustainability?
Increasing the number of feedyards tracking cattle performance and operational efficiency in the U.S. can have a significant positive effect on the overall efficiency and yield of a specific feedyard and the sector as a whole.