money image by cherie from Fotolia.com. Economic models help managers and economists analyze the economic decision-making process. Each model relies on a number of assumptions, or basic factors that are present in all decision situations.he fundamental basis of economic decision making is individuals' or organizations' desire to maximize benefits while minimizing costs. This balancing act is referred to as maximizing value, and it is a skill that takes practice to master.
Most cattle producers are familiar with the term feed conversion.. Advertisement. Most cattle producers are familiar with the term feed conversion.. It is simply the amount of feed an animal consumes as compared to the amount of body weight gained, expressed as a ratio. Feed conversion ratios in the neighborhood of 6:1 (6 lbs of feed per pound of gain) are common in modern beef cattle feedlots. Stocker cattle producers are also interested in feed conversion, but the calculation is a little different.
In fact, consumers will go out of their way to select beef cuts with these grain-fed characteristics. The Cattle Feeding Process Cattle are raised on range or pasture land for most of their lives (usually 12-18 months), then transported to a feedlot for finishing.These cattle usually spend about thr e to six months in a feedlot,during which time they gain between 2.5 and 4 pounds per day.eef producers found that by finishing cattle uniformly, with plentiful feed grains, it was possible to reduce costs and provide a high quality product consumers valued. By far, most U.S. cattle feeding operations today are small, with fewer than 1,000 head.