Industry Analysis & Industry Trends
The Beef Cattle Farming industry has come up against some tough conditions over the past five years. Industry revenue is expected to fall at a compound annual rate of 3.4% over the five years through 2013-14, to reach $5.5 billion. Varying weather patterns, volatile input prices and issues surrounding the welfare of live animal exports have contributed to this decline. However, the Beef Cattle Farming industry is expected to grow 3.3% in 2013-14 due to improving conditions.
Beef cattle farmers have suffered varying weather conditions over the past five years, which has wreaked havoc on profit margins. Arid conditions in 2008-09 and early 2009-10, particularly in northern Australia, severely reduced farm output... purchase to read more
Industry Report - Industry Products Chapter
Australia's beef cattle herd is expected to be more than 25 million in 2013-14. The characteristics of beef cattle can help differentiate industry product segments, as each type of cattle fulfils a specific need in the industry. To this end, the industry's product segmentation is based on a number of cattle characteristics such as sex, age and reproductive traits. The shares have been calculated based on the volume of cattle sold.
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. Combined, these cattle are expected to account for more than 40% of the nation's beef cattle sold... purchase to read more