![]() The price paid for feeder cattle in 20 were the only years where the price paid averaged over $200.00 per hundredweight. This was the highest price paid for feeder cattle replacements since 2015. The average price paid for feeder cattle replacements in 2022 of $163.17 was 17 percent higher than 2021. This price was the third highest price received since this study began with 20 being the highest with $147.19 and $149.47, respectively. The average price received per 100 pounds of beef sold of $143.84 was 19 percent higher than 2021. Total returns for 2022 were the highest on record. Total returns per 100 pounds produced increased from $107.65 in 2021 to $141.77 in 2022. Higher prices received contributed to the higher total returns for these enterprises. Figure 1 illustrates average returns, cash operating costs and total costs for this same period. 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. Total returns have exceeded total economic costs in four out of the last ten years. The 2022 returns were higher than the 2021 total returns above feed costs of 19 cents per 100 pounds produced. 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 (see Table 1). Illinois Farmland Leasing & Rental Forms.Illinois Crop Budgets & Historic Returns.Farmland LEasing Facts Sheets & Pricing Information.Illinois Soil Productivity & Yield Utilities.Briomass Crop Budget Tool – Miscanthus & Switchgrass.Appraisal of Current Financial Position.Balance Sheet & Historical Financial Statements.Post Application Coverage Endorsement Tool (Sheet).Precision Conservation Management (PCM).
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