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Costs and returns calculated for beef producers in 2022

Editor’s note: The following was written by Bradley Zwilling with Illinois FBFM Association and University of Illinois, for the farmdoc daily website May 19.

Total economic returns in 2022 for Illinois beef feeding enterprises exceeded total costs by $25.41 per 100 pounds of beef produced in preliminary findings for farms enrolled in Illinois Farm Business Farm Management.

The 2022 returns were higher than the 2021 total returns above feed costs of 19 cents per 100 pounds produced. Total returns have exceeded total economic costs in four out of the last 10 years.

The 2022 level of return above all costs was $26.66 per 100 pounds beef produced above the average return above all costs for the 2013 through 2022 period.

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The Clear Conversations podcast took to the road for a special episode recorded in Nashville during CattleCon, bringing listeners straight into the heart of the cattle industry. Host Tracy Sellers welcomed rancher Steve Wooten of Beatty Canyon Ranch in Colorado for a wide-ranging discussion that blended family history and sustainability, particularly as it relates to the future of beef production.

Sustainability emerged as a central theme of the conversation, a word that Wooten acknowledges can mean very different things depending on who you ask. For him, sustainability starts with the soil. Healthy soil produces healthy grass, which supports efficient cattle capable of producing year after year with minimal external inputs. It’s an approach that equally considers vegetation, animal efficiency, and long-term profitability.

That philosophy aligned naturally with Wooten’s involvement in the U.S. Roundtable for Sustainable Beef, where he served as a representative for the Colorado Cattlemen’s Association. The roundtable brings together the entire beef supply chain—from producers to retailers—along with universities, NGOs, and allied industries. Its goal is not regulation, Wooten emphasized, but collaboration, shared learning, and continuous improvement.