I guess I should clarify the word "premium" It does not mean that we get a higher than average price for our animals. It just means we do not get docked as much as a non age verified animal does. When prices are down they are down no matter what you do. However in Canada this fall, we saw higher cow prices for a time. We also saw the age verified cows born after March 1999 brought better prices than the rest. BUT, the prices looked good because the others were heavily discounted. The premium was that you did not recieve the discount the other fellas got. The calves however, it did not matter how you preconditioned them, age verified, etc. Prices were down across the board. Those that did age verify might have seen a slight increase, but not much.
in the end, it's the packers, the vets , and the sale barns that made the extra $
The packers made the bucks cause they were able to shipped verifed meat to countries that require age verification, for a better price...I'm not seeing it...
The vets made the bucks for following the export laws when sealing shippements of verified beef, an hourly paid wage that takes time from producers needing a vet to help a sick animal. But the vet has to take on extra work since the cow market is in the tank, and producers are limiting the amount of vet $ they spend.
The sale barns made the bucks because the commisions increased, and a pile of cattle went through our sale barn. Only thing is, they are gritting their teeth cause next year fewer animals are going through the ring, decreasing their gross sales.
oh yeah its a win situation...for the packers