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Beef Cattle Production in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Beef Cattle Production Market Research Report | NAICS 11211 | Aug 2016

Where's the beef: A shift to white meats will cut into growth, but demand will remain steady

IBISWorld’s Beef Cattle Production market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$66bn
Annual Growth 11-16
6.4%
Annual Growth 16-21
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Profit
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Employment
727,201
Businesses
278,060
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. Nevertheless, the skyrocketing price of red meats and growing foreign demand has led to revenue increases in the five years to 2016. Over the next five years, beef consumption will only slightly increase, and uncertainty and volatility regarding feed costs will result in a slight drop in revenue growth... purchase to read more

Industry Report - Industry Analysis Chapter

For decades, Americans’ love of steaks and burgers maintained beef as the most-consumed meat in the United States. That changed in 1995, when chicken overtook beef as America’s most-consumed meat. Since then, the Beef Cattle Production industry has struggled to maintain consistent revenue growth. Persistent challenges include Americans’ ever-increasing health concerns about fat and cholesterol, which are characteristic of beef, and red meat’s higher prices, which stem from skyrocketing input costs. Consequently, industry revenue grew at an annualized rate of 6.4% over the five years to 2016. This growth is largely due to remarkable price hikes of red meat at the beginning of the five-year period, especially in 2014, when the price rose 21.1%... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Beef Cattle Production Industry?

This industry includes farms and ranches that primarily engage in raising cattle (including cattle for dairy herd replacements), or feeding cattle for fattening to prepare them for consumption. The industry also comprises cattle feedlot operations, which produce high-quality beef.

Industry Products
SteersHeifersCowsCalvesBulls
 
Industry Activities
Cattle and calf ranching and farmingFeedlot operationsBackgrounding and conditioning cattleFeeder, stocker and veal calf replacementDairy heifer replacement


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