Industry Analysis & Industry Trends
The Beef Cattle Farming industry has steered clear of growth over the past five years, due to volatility in weather and broader economic conditions. Over the most of the past five years, beef cattle prices have steadily declined. At the same time, the lingering effects of drought conditions, which have increased the cost of producing cattle, have squeezed industry profit significantly. A return to favourable weather in late 2010 was the start of good fortunes for the industry, but profit remained under pressure as farmers focused on rebuilding herds. Over the five years through 2012-13, industry revenue is expected to decrease by an annualised 3.4% to reach $5.26 billion. Industry revenue is forecast to contract by a smaller 0.7% in 2012-13... purchase to read more
Industry Report - Industry Analysis Chapter
The Beef Cattle Farming industry has faced a number of difficult years, buffeted by changing markets and weather conditions. The industry has been affected by declining returns from beef exports, an appreciating dollar, greater competition from other exporting countries and weaker demand.
Falling prices and volatile supply have taken their toll on industry revenue, which is expected to decline by an annualised 3.4% over the five years through 2012-13. In 2012-13, revenue is expected to contract by 0.7% to $5.26 billion. This will predominately be due to a drop in the number of cattle sent for slaughter, despite a slight rise in beef cattle prices, and the devastating effects of the 2013 bushfires... purchase to read more