Beef Cattle Production in the US
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.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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