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Economic analysis of beef cattle production has been limited by the inability to fully describe the underlying production process. Except for confined feeding of cattle, beef cattle production is the process of growing cattle who consume forages. The animal and the forage possess attributes of both factors and products of production. The production of forage constitutes one production process, animal growth is another production process, and reproduction by female animals is a third production process. Cattle production involves all three processes in such a manner that each influences the...