Latest News From State of the Beef Industry

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.

Gains to quality are documented along with areas for improvement identified.

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.