The Beef Cattle Feedlots industry has face some struggles over the past five years. While the industry produces large animals of high and consistent quality, mounting cost pressures have hurt the industry over the period. Industry revenue is forecast to grow at an annualised 1.2% over the five years through 2014-15, to reach $3.0 billion. This growth figure is constrained by the high revenue base in 2009-10, when the drought broke and the industry posted 10.7% growth. Falling domestic consumption of beef has restricted demand from downstream processors purchasing feedlot cattle in domestic markets. This is anticipated to limit revenue growth in 2014-15, forecast at 1.8%.
Firms in this industry operate feedlots for beef cattle. A feedlot is a confined area where animals are fed for the purposes of fattening before slaughter or, to a much lesser extent, for improving the condition of pasture-fed cattle prior to sale.
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.