Over the five years to 2017, the price of red meat has been extremely volatile. This phenomenon has been compounded by declining per capita beef consumption, which has declined. The Beef Cattle Production industry is facing significant external competition from other livestock production industries. Over the five years to 2022, industry revenue is expected to increase in line with projected increases in the price of red meat. Nevertheless, Americans will continue consuming red meat as long as price premiums over substitutes such as chicken remain low.
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.