| Simulation studies based on 1000 cows were used to evaluate biological and economic efficiency of level of milk production and two production systems, and to estimate economic values for a breeding objective and selection indexes for beef cattle. Published data were used as information for this study. Average 10-yr prices, reproduction, survival, growth, carcass characteristics, and genetic parameters from journal papers were used in the simulations. In the first study, low (L), medium (M), and high (H) milk production cows, and calf-fed and yearling systems, were analyzed. Biological and economic efficiencies were estimated for weaning and slaughter endpoints. In the second study, economic values for a breeding objective based on eleven traits and selection indexes using reported estimated breeding values were estimated for a total production system. Biological efficiencies were 29.77, 27.29, and 27.39 g weaning weight and 21.76, 19.92, and 19.81 g carcass weight per Mcal for L, M, and H cattle, respectively. Economic efficiencies (%) to weaning and to slaughter were 98.9, 94.2, and 94.6 and 105.8, 99.0, and 98.8 for L, M, and H cattle, respectively. Economic values and relative economic values (... |