The past decade has been tumultuous for the Beef Cattle Farming industry with periods of drought adversely affecting the industry's performance. Over the past five years, beef cattle prices have steadily declined. At the same time, the lingering effects of drought conditions, which increased the cost of producing cattle, squeezed industry profit significantly. A return to favourable weather in late 2010 was the start of good fortunes for the industry, yet profit remained under pressure as farmers focused on rebuilding herds. Over the five years through 2012-13, industry revenue has decreased an annualised 0.1% to reach $7.66 billion.
Farms in this industry produce beef cattle or operate beef cattle feedlots.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.