Beef Cattle Production in the US
Over the five years to 2018, revenue for the Beef Cattle Production industry is expected to decline, largely due to declining red meat prices. During the period, the price of red meat has been extremely volatile, as a result of fluctuating feed prices, but prices ultimately declined, which served to slow the growth of industry revenue. Over the five years to 2023, declines in red meat prices are expected to continue declining, albeit at a slower pace. Industry revenue is also expected to continue falling in line with weakening red meat prices, also at a diminished rate. Though cattle producers are expected to trim herd numbers, slowing price declines, it is not expected that herds will shrink to the point where prices will return to 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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