State of the Industry in 2017

Survey Snippet: Producer optimism on the upswing

After showing a sharp drop last year, BEEF’s annual Producer Optimism Index shows a significant turnaround in attitudes in 2017.

BEEF surveyed its readers earlier this year for our annual State of the Industry report, and the results show that as a group, beef producers are looking ahead with confidence, in spite of a projected cyclical decline in cattle prices. 

Scott Grau, Penton’s director of research, says, “I see that producers are showing increased optimism both in the short term and long term due to their perception of the supply and demand fundamentals, domestically and internationally. This is supported with their view that the international beef trade influences the prices they receive here in the U.S., so they are competing in a worldwide marketplace.”

To better compete in this market, Grau says a vast majority of respondents are making management decisions to decrease their input costs. “The most common method is to get more gain per acre of pasture.”

 View the whole survey here.

 

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