System, computer-implemented method, and non-transitory, computer-readable medium to determine relative market value of a sale group of livestock based on genetic merit and other non-genetic factors

Abstract

Systems, computer-readable medium having computer program, and related computer implemented methods are provided to determine the relative market value of a sale group and to generate a genetic merit scorecard. Such systems, computer-readable medium having computer program, and related computer implemented methods utilize the genetic merit estimates of relatives of a sale group, along with associated economic weighting factors to determine the relative market value of the sale group. The genetic merit scorecard reflects the relative market value and ranking of the genetic merits of the sale group, as compared to the industry.

That claimed is: 
     
         1 . An online genetic merit scorecard system, the system comprising:
 one or more processors;   an input/output unit adapted to be in communication with the one or more processors;   one or more genetic merit databases in communication with the one or more processors to store and associate a plurality of genetic merit estimates with a plurality of economic weighting factors;   one or more electronic interfaces positioned to display an online genetic merit scorecard and defining one or more genetic merit interfaces; and   non-transitory computer-readable medium positioned in communication with the one or more processors and having one or more computer programs stored thereon including a set of instructions that when executed by one or more processors cause the one or more processors to perform operations of:
 generating the genetic merit interface to display to a user thereof one or more online genetic merit scorecards, the genetic merit interface allowing an input of a plurality of genetic merit estimates associated with a sale group; 
 determining, by one or more processors, relative market value of the sale group responsive to receiving the plurality of genetic merit estimates from the one or more genetic merit databases; and 
 outputting to the one or more genetic merit interfaces the online genetic merit scorecard for the sale group responsive to determining the relative market value, the online genetic merit scorecard including the relative market value of the sale group. 
   
     
     
         2 . A genetic merit scorecard system as defined in  claim 1 , wherein the online genetic merit scorecard further includes one or more of: documentation of calf management practices associated with the sale group positioned to be readily accessible to a user of the one or more electronic interfaces, and source and age identification of the sale group through an USDA approved process positioned to be readily accessible to a user of the one or more electronic interfaces. 
     
     
         3 . A genetic merit scorecard system as defined in  claim 1 , wherein the plurality of genetic merit estimates associated with the sale group include genetic merit estimates of at least two of the following: average daily gain, carcass weight, marbling, back fat thickness, feed to gain ratio, ribeye area, yield grade, tenderness, percentage of choice, pedigree, breed effects, feed intake, animal health, weaning weight, post-weaning weight gain, maintenance energy, maternal merit, birth weight, or residual fed intake, residual average daily gain, or any ea or non-linear combination of any two or more of these traits. 
     
     
         4 . A genetic merit scorecard system as defined in  claim 1 , wherein the plurality of genetic merit estimates associated with the sale group comprises one or more of genetic merit estimates of feed intake, weaning weight, post-weaning weight gain, carcass weight, marbling, ribeye area, and back fat thickness. 
     
     
         5 . A genetic merit scorecard system as defined in  claim 1 , wherein the sale group includes cattle that are fed and harvested for beef production. 
     
     
         6 . A genetic merit scorecard system as defined in  claim 1 , wherein the plurality of genetic merit estimates associated with the sale group comprises one or more genetic merit estimates obtained from the relatives of the sale group. 
     
     
         7 . A genetic merit scorecard system as defined in  claim 6 , wherein the relatives of the sale group comprise one or more sires of the sale group. 
     
     
         8 . A genetic merit scorecard system as defined in  claim 6 , wherein the relatives of the sale group comprise one or more sires of the sale group and one or more grandsires of the sale group. 
     
     
         9 . An online genetic merit scorecard system, the system comprising:
 one or more processors;   an input/output unit adapted to be in communication with the one or more processors;   one or more genetic merit databases in communication with the one or more processors to store and associate a plurality of information regarding one or more sale groups with a plurality of economic outcomes and a plurality of economic weighting factors; and   non-transitory computer-readable medium positioned in communication with the one or more processors and having one or more computer programs stored thereon including a set of instructions that when executed by one or more processors cause the one or more processors to perform operations of:
 utilizing one or more electronic interfaces positioned to display an online genetic merit scorecard and defining one or more genetic merit interfaces, the genetic merit interface allowing a use thereof to input a plurality of information regarding the one or more sale groups; 
 determining, by one or more processors, a plurality of economic weighting factors responsive to receiving the plurality of information from the genetic merit interfaces and a plurality of economic outcomes from the one or more genetic merit databases; 
 determining, by one or more processors, relative market value of the one or more sale groups responsive to receiving the plurality of information and the plurality of economic weighting factors from the one or more genetic merit databases; and 
 outputting to the one or more genetic merit interfaces the online genetic merit scorecard for the one or more sale groups responsive to determining the relative market value, the online genetic merit scorecard including the relative market value of the sale group. 
   
     
     
         10 . A genetic merit scorecard system as defined in  claim 9 , wherein the plurality of information regarding one or more sale groups includes at least one of the following: genetic merit estimates associated with the one or more sale groups, performance information of the one or more sale groups, performance information from one or more contemporary groups, performance information of relatives of the one or more sale groups, environmental conditions, management information, and nutritional information. 
     
     
         11 . A genetic merit system as defined in  claim 10 , wherein the genetic merit estimates associated with the one or more sale groups include genetic merit estimates of at least two of the following: average daily gain, carcass weight, marbling, back fat thickness, feed to gain ratio, ribeye area, yield grade, tenderness, percentage of choice, pedigree, breed effects, feed intake, animal health, weaning weight, post-weaning weight gain, maintenance energy, maternal merit, birth weight, or residual feed intake, residual average daily gain, or any linear or non-linear combination of any two or more of these traits. 
     
     
         12 . A genetic merit scorecard system as defined in  claim 10 , wherein the genetic merit estimates associated with the one or more sale groups includes at least one of the following: genetic merit estimates of the one or more sale groups, genetic merit estimates of relatives of the one or more sale groups, and combinations thereof. 
     
     
         13 . A genetic merit scorecard system as defined in  claim 12 , wherein the genetic merit estimates of the one or more sale groups are obtained from at least one of the following: biometric measurements, DNA analysis, expected progeny differences of the sale group, and combinations thereof. 
     
     
         14 . A genetic merit scorecard system as defined in  claim 12 , wherein the genetic merit estimates of relatives of the one or more sale groups are obtained from at least one of the following: biometric measurements, analysis, expected progeny differences of the relatives of the sale group, and combinations thereof. 
     
     
         15 . A genetic merit scorecard system as defined in  claim 9 , wherein the genetic merit scorecard further includes one or more of: documentation of calf management practices associated with the sale group, and source and age identification of the sale group through an USDA approved process positioned to be readily accessible to a user of the one or more electronic interfaces.