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Dry conditions persist across parts of the U.S., with nearly half of the nation’s corn crop and 37% of the nation’s hay crop areas experiencing drought. Cattle producers could be forced to make more tough decisions.
Beef-on-dairy is arguably the most significant advancement for the U.S. beef industry in a generation, and no current review of the State of the Beef Industry would be complete without examining its impact.
Funds will help support conserving 250,000 acres of grasslands and enable five land trusts to share best practices across the region.
The state of the U.S. beef industry in 2023 is strong. Drought-induced herd liquidation impacted the supply side, but an even greater impact occurred on the demand side.
Checkoff funding will invest $38 million into programs of beef promotion, research, consumer information, industry information, foreign marketing and producer communications during fiscal 2024.
Market leverage remains solidly with cattle feeders, but packers continue working their options to hold prices in check.