Kindergarten: "Any buyer worth his salt (maybe you are not one of them) can look at a pen of cattle and know pretty darn close what the yield/grade premiums would be."
They have an idea based on genetics and finish if they will grade but yield grade is a different story. Yield grade is not simply based on back fat. Yield grade is based on backfat and ribeye. You probably didn't know that either did you?
I have seen a ton of cattle buyers fall flat on their face trying to predict Yield grade.
If buyers could accurately depict grade and yield, there would be no reason for grid pricing would there? Once again, the obvious is too obvious.
You cannot accurately predict ribeye with the naked eye which is precisely why bull sellers use ultrasound.
Again, you expose your ignorance.
I'll bet you have never even sold a pen of cattle on grade and Yield have you?
You pretend to know so much but you didn't even know how a formula base price was derived.
What a shame that I have to educate you as I expose the flaws in your arguments.
~SH~