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. Despite those declines, the skyrocketing price of red meats and growing foreign demand has led to revenue increases in the five years to 2015. In 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.
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.