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.
The smallest herd in 60 years creates a historic market for cattle and calves.
The discussion below highlights several items because of their potential influence on the industry over the long run. They’re addressed in no particular order; each one is independently important.
America’s beef producers are optimistic about the future, and the state of today’s industry is strong. Those are two highlights from the 2023 Drovers State of the Industry survey and reported in this special section.