Industry Analysis & Industry Trends
For decades, Americans' love of steaks and burgers maintained beef as the most consumed meat in the United States. However, in recent years, consumption of beef has declined due to the health risks associated with red meat. In the coming years, this trend is set to continue, as consumers purchase more lean, white meats, which will stifle growth in industry revenue... purchase to read more
Industry Report - Industry Investment Chapter
Compared with the rest of the farming sector, Beef Cattle Production can require a substantial amount of investment capital, especially in the feedlot segment. The basic equipment requirements for feedlot operations are loader tractors, feed trucks, scales, corrals and fencing for lots, feed and water troughs, and grain silos for feed storage. Larger feedlots invest in specialized machinery and newer technology, such as computerized feeding and cattle management systems. Cattle ranches are much less automated and require a lower investment in capital. Cattle in ranches typically graze in large paddocks, lowering the costs of animal shelter, housing and maintenance.
As cattle ranches become more advanced, their costs rise but they also allow farmers to use less labor... purchase to read more