Surplus calves are animals produced by the dairy industry but not retained on the farm as herd replacements, namely, male calves and excess females. These animals primarily enter dairy-beef or veal production systems. In recent years, surplus calf production has come under scrutiny due to welfare concerns, such as health outcomes and housing. To design and implement effective interventions, it is critical to understand the perspectives of industry stakeholders (i.e., calf marketers and calf raisers). However, little research has been conducted in the post-dairy farm surplus calf value chain in the United States. Therefore, the objective of this study was to understand surplus calf marketer and calf raiser perspectives of the strengths and challenges within the surplus calf system in the United States. Twenty-two telephone interviews were conducted from June 2023 to January 2024. Participants included 7 dairy beef raisers, 6 veal industry stakeholders, 5 livestock market representatives, and 4 calf dealers. Individuals were located throughout the Northeast and Midwest US. The interview was designed to take approximately 20 minutes to complete. Mean (range) interview duration was 31 minutes (11 to 69). Interviews were recorded, anonymized, and transcribed. Transcripts were then analyzed using inductive thematic analysis. Most participants expressed satisfaction with their day-to-day management strategies (e.g., health and nutrition programs, proficient personnel).  When questioned about challenges or opportunities for improvement, participants discussed labor issues, lack of industry expertise in advisors, and concerns regarding long-distance transport as a stressor for calves. Disaggregation and lack of communication between stakeholders was perceived to cause difficulties during surplus calf transport. Improving communication between stakeholders may improve transport conditions and subsequently address other challenges expressed by participants, such as calf health on arrival at calf raisers. Future work to streamline calf marketing, as well as bolstering resources available to calf growers may be beneficial to the industry. Additional qualitative work to ensure a broad representation of stakeholder perspectives, particularly from other regions, may yield additional research avenues.