Overview

Beefed out: A shift to white meats will cut into growth, but demand will remain steady

IBISWorld’s Beef Cattle Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$77bn
Annual Growth
11-16
2.8%
Annual Growth
16-21
Profit
Employment
826,389
Business
729,856

Industry Threats & Opportunities

  • Consumers are increasingly shifting away from red meat consumption due to rising health consciousness
  • Key downstream markets have exhibited growth, helping support demand for beef
  • Per capita beef consumption is projected to only slightly increase over the next five years

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    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, industry revenue grew over the past five years due to the skyrocketing price of red meats. 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 industry revenue...

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    Industry Report - Industry SWOT Analysis Chapter

    The Beef Cattle Production industry is in the mature stage of its life cycle. Growth trends in line with the economy overall. Industry value added (IVA), a measure of an industry's contribution to the economy as a whole, is expected to grow an annualized 1.0% during the 10 years to 2021. Comparatively, US GDP is forecast to grow an annualized 2.1% during the same period. Typically, if IVA is growing slower than GDP it indicates an industry in decline. However, in this case lower IVA growth can be attributed to sluggish growth in wages and profit.

    The production of bulls and cows to breed heifers and steers for slaughtering purposes has remained largely unchanged for centuries. Whi..

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    Additional Insights for the Beef Cattle Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beef Cattle Production Industry are

  • Ability to secure long-term sales contracts
  • Adapting to market conditions
  • Locating close to key livestock markets
  • IBISWorld analysts also discuss how external factors such as Demand from meat, beef and poultry processing and Price of red meat in the Beef Cattle Production industry impact industry performance..

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    Industry Products

    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
    Steers
    Heifers
    Cows
    Calves
    Bulls
    Dairy Cows and Other
    Industry Activities
    Cattle and calf ranching and farming
    Feedlot operations
    Backgrounding and conditioning cattle
    Feeder, stocker and veal calf replacement
    Dairy heifer replacement

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from meat, beef and poultry processing
  • Price of red meat
  • Per capita beef consumption
  • Price of feed

  • Current Performance
  • Beef consumption trends
  • Downstream demand
  • Volatile feed prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumption and downstream demand
  • Consolidation to rise
  • Adding value
  • Table: Beef Cattle Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beef Cattle Production Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Beef Cattle Production
  • Meat, Beef & Poultry Processing
  • Cattle & Hog Wholesaling

  • Key Selling Industries
  • Beef Cattle Production
  • Cattle & Hog Wholesaling
  • Corn, Wheat & Soybean Wholesaling
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Livestock Production Support Services
  • Tractors & Agricultural Machinery Manufacturing
  • Veterinary Services

  • Products & Services
  • Steers
  • Heifers
  • Dairy Cows and Other
  • Cows
  • Bulls
  • Calves
  • Chart: Beef Cattle Production Industry Products and Services Segmentation

  • Demand Determinants
  • Product prices
  • Consumer preferences
  • Public perception

  • Major Markets
  • For Stocking
  • For Slaughter
  • For Feed-Lots
  • Export markets
  • Chart: Major Market Segmentation for the Beef Cattle Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWages, marketing and otherDepreciation
  • Chart: Cost Structure Benchmarking – Sector vs Beef Cattle Production

  • Basis of Competition
    Large feedlotsSmall farmsExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beef Cattle Production Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Beef Cattle Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Beef Cattle Production Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Price of Feed Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Beef Cow
  • A cow that raises calves intended for slaughter and meat consumption.
  • Bovine Spongiform Encephalopathy
  • More commonly known as mad cow disease, a degeneration of the brain and spinal cord in cattle.
  • Feeder Cattle
  • Young steers or heifers that enter feedlots and are put on full feed for slaughter markets or that are selected as herd-replacement stock.
  • Marbling
  • The specks of intramuscular fat in muscular tissue usually evaluated in the rib eye between the 12th and 13th rib; a major factor in assigning a USDA quality grade to a beef carcass.
  • Paddock
  • An enclosed segment of land on which cattle are raised and bred.
  • Stocker Cattle
  • Calves or young steers and heifers put on forage-intensive diets. Stocker cattle eventually become feeder cattle and enter feedlots.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beef Cattle Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beef Cattle Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beef Cattle Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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