Before beginning to write this, I have one thing to propose:
I am completely fine with the domestication process. I have no problem with it. Alright, let's start.
Alright, here we go. Glad this isn't another suggestion proposing changes to domestication or griefers.
To me, domesticating a Beefalo is usually worth it, depending on the circumstances. If you happen to fight a lot, an Ornery Beefalo is usually handy. If you travel often, the Rider Beefalo is your best friend. Pudgy Beefalo are useful just in case you happen to get into trouble with insanity-inducing creatures. In this suggestion, I propose further items and methods to make Beefalo more useful in exchange for crafting resources.
Beefalo Carriage
Ingredients: 7 Boards, 6 Silk, 2 Cut Stone, 4 Beefalo Wool at an Alchemy Engine
The Beefalo carriage is a structure you can attach to your Beefalo. Up to three players can ride in it. If attached to a Beefalo, its speed will be reduced by 7% for each player. If it is of the Rider tendency, it won't remove any speed at all. It also has a chest inside of it with 9 slots.
Beefalo Armor
Ingredients: 10 Gold Nuggets, 1 War Saddle, 10 Silk
Beefalo Armor reduces damage to the Beefalo that has been applied the armor by 85% and has 900 durability. It also increases damage by 20 - this can be used in conjunction with the War Saddle for 36 bonua damage.
Extra-Adorable Beefalo Hats
Jist of this one is that you can put clothing on Pudgy Beefalo. If the clothing in question increases sanity, the sanity boost is combined with the Pudgy Beefalo.
That's about it. If this thread somehow gets enough attention I'll probably sketch up some designs.