It depends on the time I have to devote to it. If I'm still working full time, I will probably do what I usually do, which is make a strong hive queenless and graft the next day. 10 days after that break that hive up into mating nucs with those cells. That's the first batch. I may do the same for the second. The third batch, I have mating nucs, so then I leave a cell for the queenless hive (instead of breaking it up for mating nucs) and put the cells in the mating nucs I have (after catching the queens the day before, of course).
If I quit my job and raise queens full time (probably can't afford to) then I will probably do Marla Spivaks method, which is pretty much a combination of Queen Rearing Simplified (Jay Smith Method) and age grading the colony using queen excluders and juggling the boxes.
http://www.bushfarms.com/beesqueenrearingsimplified.htmBasically once a week you put the honey in the bottom (so you don't have to lift it) a box of empty drawn comb with the queen in the next box, an excluder, a box with all the open brood, an excluder and a box with all the capped brood. By the next week the top box is empty comb (it emerged) the middle box is all capped and the box the queen is in is all open brood. So you catch the queen, put her in the box of empty comb above the honey, an excluder, the open brood and finally the capped brood. After three weeks you have very age graded boxes and after the first week you are only juggling boxes and the queen. This makes it easy to get nurse bees for the swarm box (they are in the box of open brood) and you have a strong hive for a finisher (the queen never runs out of a place to lay). Preferably I'd have at least two of those age graded hives going and make swarm boxes for starters and put the cells in the box with the open brood for finishers.
http://www.bushfarms.com/beesqueenrearing.htm