At Drovers, we share your passion for agriculture and the beef industry. Our State of the Beef Industry report sought to gauge producer attitudes, commitment and management practices. The report is designed to provide a benchmark of information to help you make successful decisions.
Both live and feeder cattle futures hit record highs this week as a function of historically tight supplies. Yet, the question remains—how long could these strong prices last?
Could the optimism in the cattle industry be fueled by profitability? With cattle prices reaching record highs, it’s important to consider whether these high prices are equating to black ink on the balance sheet.
Implications of historic drought and massive herd liquidation will likely continue to be uncovered over the next several months, yet cattle producers remain optimisic about the future of the industry.
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.
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.
