System, computer-implemented method, and non-transitory, computer-readable medium to determine relative market value of a sale group of livestock based on genetic merit and other non-genetic factors

An online genetic merit scorecard system, the system comprising:

• one or more processors;
• an input/output unit adapted to be in communication with the one or more processors;
• one or more genetic merit databases in communication with the one or more processors and configured to store and associate a plurality of information regarding one or more sale groups with a plurality of economic outcomes and a plurality of economic weighting factors, the one or more sale groups including cattle that are fed and harvested for beef production;
• and
• non-transitory computer-readable medium positioned in communication with the one or more processors and having one or more computer programs stored thereon including a set of instructions that when executed by one or more processors cause the one or more processors to perform operations of:
• utilizing one or more electronic interfaces positioned to display an online genetic merit scorecard for the one or more sale groups and defining one or more genetic merit interfaces, the one or more genetic merit interfaces configured to allow a user thereof to input a plurality of information regarding the one or more sale groups;
• determining the plurality of economic weighting factors responsive to receipt of the plurality of information from the one or more genetic merit interfaces and a plurality of economic outcomes from the one or more genetic merit databases;
• determining a relative market value of the one or more sale groups responsive to receipt of the plurality of information and the determined plurality of economic weighting factors;
• and
• outputting to the one or more genetic merit interfaces the online genetic merit scorecard for the one or more sale groups responsive to determination of the relative market value of the one or more sale groups, the online genetic merit scorecard including the relative market value of the one or more sale groups.

A computer-implemented method to determine relative market value of a sale group, the sale group including cattle that are fed and harvested for beef production, the method comprising:

• determining, by one or more processors, a plurality of economic weighting factors responsive to a plurality of genetic merit estimates associated with the sale group and one or more economic outcomes, the plurality of genetic merit estimates including genetic merit estimates of one or more sires of the sale group and genetic merit estimates of one or more grandsires of the sale group;
• determining, by one or more processors, a relative market value of the sale group responsive to the plurality of genetic merit estimates and the plurality of economic weighting factors;
• and
• outputting to one or more electronic interfaces positioned to display an online genetic merit scorecard to thereby define one or more genetic merit interfaces, the online genetic merit scorecard for the sale group responsive to determination of the relative market value of the sale group, the online genetic merit scorecard including the relative market value being displayed on the one or more genetic merit interfaces.