While constrained by high feed prices, revenue for the Cattle and Hog Wholesaling industry will marginally improve over the next five years, as domestic demand rises in conjunction with income levels. Meanwhile, downstream consumers' demand for red meat has fallen. During the past decade, poultry has surpassed beef and pork as America's most-consumed meat, as there is a growing perception that red meat consumption is a health risk. Furthermore, reduced disposable incomes during the recession helped poultry flourish at the expense of beef and pork because poultry is usually cheaper. Nevertheless, because operators could largely pass costs on to downstream processing facilities, industry revenue has increased in the five years to 2014. The growth is exacerbated by unusually low revenue in 2009 stemming from recession-induced low demand in that year.
Establishments in this industry primarily wholesale livestock. Cattle, swine, sheep and goats are included, but horses and mules are excluded. Wholesalers may purchase livestock from feedlots, breeders or other ranchers and then sell to slaughterhouses, other feedlots and breeders and livestock buyers.
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.