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. Despite those declines, the skyrocketing price of red meats and growing foreign demand has led to revenue increases in the five years to 2015. In 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 SWOT Analysis Chapter
The longevity of beef products and their respective place in American culture maintain the Beef Cattle Production industry in a mature stage of its life cycle. IBISWorld expects the industry's value added (IVA) to grow at an average 4.0% per year during the 10 years to 2021; meanwhile, US GDP is forecast to grow at an average 2.3% per year. Profit gains from the lows of the past five years are expected to contribute to this strong IVA growth rate.
The production of bulls and cows to breed heifers and steers for slaughtering purposes has remained largely unchanged for centuries... purchase to read more