Resources / Beef

The beef KPIs that move your margin.

Most of the gains in a beef business don’t come from big overhauls. They come from small, measurable adjustments made year after year: a bit less mature cow weight, a few more calves weaned, another 100 g of daily gain. These are the benchmarks that find them.

Riverton Station
248 breeders480 ha grazing650 mm rainfallAutumn calving2025–26 season
01 / Herd

Body condition score

The fat reserves of each breeding female, scored from 1 to 5 by palpation.

Cow mortality

Breeding cows that die on farm each year, as a percentage of the herd.

Herd replacement rate

The percentage of the breeding herd replaced each year by new females entering it.

02 / Reproduction

Conception rate

The percentage of joined females that are pregnant at preg-testing.

Conception spread

The percentage of joined females that conceive per 21 day cycle.

Calving rate

The number of calves marked as a percentage of females joined.

Weaning rate

The number of calves weaned as a percentage of females joined.

Weaning weight

The average weight of the calves on the day they are weaned.

First-calf reconception

The share of first-calf heifers that get back in calf while still raising their first calf.

Age at first calving

The average age, in months, at which heifers calve for the first time.

Herd efficiency

Total weaned-calf weight as a percentage of the total weight of the cows joined to produce it.

03 / Growth

Average daily gain

Kilograms of liveweight gained per head per day, measured between weighings.

Feed conversion ratio

Kilograms of feed dry matter it takes to put on one kilogram of liveweight.

Days to target weight

The number of days stock take to grow from weaning weight to target sale weight.

Age at slaughter

The average age, in months, of stock at turnoff.

04 / Carcase

Red meat yield

The share of liveweight that becomes carcase, and the share of the carcase that becomes saleable meat.

Carcase compliance

The percentage of carcases in a consignment that meet MSA specification.

05 / Land

Stocking rate

The number of stock carried per hectare of grazing area, expressed in standard units (DSE or AE).

Dry matter production

The rate of pasture growth, in kilograms of dry matter per hectare per day.

Pasture utilisation

The percentage of the pasture grown that stock actually eat.

Net production

Total kilograms of liveweight the herd actually produced over the year.

Production efficiency

Net production spread across the country that grew it, for every 100 mm of rain that fell.

06 / Financial

Cost of production

Total operating expenses, including an owner wage, divided by kilograms of liveweight produced.

Price received

The average price earned per kilogram of liveweight, across every sale for the year.

Gross margin per hectare

Gross revenue minus variable costs, divided by effective grazing hectares.

Net profit

Gross profit minus all operating expenses, including depreciation and an owner wage, per hectare per 100 mm of rainfall.

Return on assets managed

Net profit before interest and lease costs, as a percentage of the total value of land, stock and plant managed.

Operating expense ratio

Total operating expenses as a percentage of gross farm income.

Labour efficiency

The stock carried, in DSE, per full-time-equivalent unit of labour.

07 / Environment

Emissions intensity

Total greenhouse gas emissions per kilogram of liveweight produced.

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