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Costs and Returns for Illinois Beef Production in 2000

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Total economic costs in 2000 for Illinois beef feeding enterprises exceeded total returns by $5.55 per 100 pounds of beef produced on 13 beef feeding farms. Total returns exceeded costs by $6.95 per 100 pounds produced in 1999. Total returns have exceeded total economic costs in only four years since 1980, when this study began. Those years were 1999, 1992, 1990, and 1987. The 2000 level of returns was $2.52 per 100 pounds beef produced above the average returns for the period 1991 through 2000. Figure 1 illustrates average returns, cash operating costs and total costs for the 1991 through 2000 time period.

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