Industry Analysis & Industry Trends
Challenging conditions have plagued the Beef Cattle Farming industry over the past five years. Varying weather patterns, fluctuating turnoff rates and government policies have all influenced industry performance over the period. Industry revenue is forecast to grow at an annualised 1.6% over the five years through 2015-16, to reach $12.6 billion. In particular, strong demand for Australian cattle and beef in export markets is expected to boost the industry over the three years through 2015-16. Industry revenue is forecast to grow by 4.3% in 2015-16, supported by ongoing high saleyard prices.
Rainfall is the primary determinant of industry performance. Beef cattle farmers have suffered through varying weather conditions over the past five years... purchase to read more
Industry Report - Industry Products Chapter
The characteristics of beef cattle can help differentiate industry product segments as different types of cattle fulfil specific industry needs. To this end, the industry's product segmentation is based on various cattle characteristics such as sex, age and reproductive traits. These shares are indicative of the volume of cattle sold. Breeds of cattle vary in each segment, with breeds including Wagyu, Barkly, Angus and Brahman.
Cows and bulls
Cows and bulls are the female and male reproducers of the cattle herd that are not normally destined for slaughter. Cows are female cattle of reproductive age, while bulls are non-castrated male cattle. Weather conditions influence the number of cows and bulls sold... purchase to read more