1234 - 1/26/2014 15:46  A few years ago when a fat steer sold for about $750 I went to the supermarket, one of the big regional brands and recorded the prices of the various cuts of meat, including some varietal cuts etc. I then applied these prices to the standard cutout formula and it calculated that the retail value of the $700 steer was worth not quite $3000. This was a 400% markup. Now I know that processing and transportation costs money but not that much. Somebody was making some money here. This gets right back to the issue of transparency.