This spring, alongside the routine annual updates of economic assumptions and genomic scores, significant enhancements will be implemented in the Sire Evaluation Report and National Cattle Evaluation. These updates will be effective Friday, May 24, and aim to refine the accuracy and performance of the genetic evaluations.  

Carcass weight, ribeye area and fat: 

The enhancements include updates to the carcass model and its genetic parameters, including heritability estimates and genetic correlations.   

This carcass model update involves the modeling of the ultrasound fat thickness and ultrasound ribeye area records in the evaluation. Previously, records for animals of different sexes (bulls, cows, and steers) were modeled as separate traits. In 2017, cows and steers were condensed into one trait, and now the AGI team will condense those ultrasound traits again by placing all three sexes into one singular ultrasound phenotype. This reduces the model from nine traits to seven traits.  

Our research shows accounting for the sex within a contemporary group yields the same prediction accuracy as the previous model while reducing the model’s complexity, which is important for an on-time delivery of the weekly genetic evaluation. 

An updated model also means an update to the genetic parameters inside this genetic evaluation. This is necessary because we are changing the make-up of the model, and over time, the population changes and evolves due to selection. As more phenotypes are collected, the variances, heritability estimates, and genetic correlations change. By updating genetic parameters regularly, we can accurately estimate the genetic variation in the population and the relationships between traits.  

In multiple trait models, as is the case with the carcass evaluation, accurately estimating the genetic correlations between traits is crucial to take advantage of the accuracy that correlated phenotypes bring. This is particularly true of ultrasound records.  

Continuous research and the implementation of regular updates ensure accurate and unbiased genetic evaluations are delivered on time. These updated estimates will be seen online and in the 2024 Fall Sire Evaluation Report. 

Core update: 

Since 2021, when the core was last updated, genotypes of more than half a million animals have been added to the weekly evaluation; and with the 2023 addition of Angus Australia genotypes to the World Angus Evaluation, that number has increased by more than 800,000 for a total of over 1.8 million genotyped animals.  

With all genotypes being used in the evaluation, the core update ensures a good representation of the genotyped population and provides optimized convergence for the models and computing time efficiencies, allowing us to maintain a timely delivery of weekly genetic evaluations. 

Reference the “By the Numbers” column in the Angus Journal’s May 2021 issue or at ../../../ajarticlepdf/0521-by-the-numbers.pdf for more information about core updates. 

Economic assumption update: 
Annually, the bio-economic model driving the Association’s $Values undergoes annual updates, utilizing data from CattleFax. Economic assumptions are averaged over the previous seven years for stability, with the 2024 assumptions based on data from 2017 to 2023. This long-term perspective mitigates market volatility and aligns with the average cattle cycle. 

Weaned calf sale prices and ration costs rose again this year. In May 2023, the average weaned calf price was $167 per cwt. for steer calves and $152 per cwt. for heifer calves. The May 2024 update increases the average calf price to $182 per cwt. for steer calves and $164 per cwt. for heifer calves. Ration costs in the feedlot also increased from $199 to $225 per ton, affecting feed costs in the cow-calf sector. These changes influence the outcome of the maternal weaned calf value ($M), where calf price relative to cow cost stays the major revenue driver. 

The average price per hundred for a fed steer delivered and dressed increased from $192 per cwt. to $206 per cwt. from 2023-2024. This shift redirects economic weight in beef value ($B) towards weight traits like carcass weight and postweaning gain and away from grid premiums, which only saw a slight increase.  

Despite the significant increase in fed cattle prices and minimal changes in quality premiums, overall changes in $B are minimal. However, producers may notice a slight re-ranking favoring cattle excelling in feedlot value $F over those at the top of the $B ranks to their $G.