The Standardized Performance Analysis (SPA) for stocker/feed cattle is a recommended set of production and financial performance analysis guidelines developed specifically for the grazing, growing, and finishing phases of beef cattle production. Guidelines were developed by members of the National Cattlemen's Association (NCA), Extension Specialists, and the National Integrated Resource Management Coordination Committee to provide beef cattle producers with a comprehensive, standardized means of measuring, analyzing, and reporting the performance and profitability of an operation. This article describes and illustrates through an example the performance measures chosen. The NCA certifies software and education materials conforming to the Stocker/Feeder Guidelines.