The article explores how shifting from cow-calf to cow-calf-yearling enterprises could impact beef production and prices. The researchers analyzed livestock management options, feed-energy budgets, and cow-herd adjustments. They found that reducing breeding herd size and calf numbers could decrease beef production. The study compared changes in beef production at the state, regional, and national levels. Different marketing strategies for baby-fed, light-fed, and heavy-fed beef were also examined.