Industry Analysis & Industry Trends
The Farm Animal Production industry has performed well despite difficult trading conditions over the past five years. Volatile weather patterns and resulting shifts in demand for animal feed, fluctuating grain prices and strong competition in the industry have contributed to revenue movements over the period. The major companies in the industry, which earn 90.9% of industry revenue, have been able to use their size to reduce their exposure to these sources of volatility and have remained profitable. Industry revenue is projected to grow at an annualised 3.6% over the five years through 2015-16. This growth is slightly overstated due to a 10.8% revenue decline in 2010-11, which resulted from reduced demand following a deluge of rainfall. Revenue is forecast to rise 3.4%... purchase to read more
Industry Report - Industry Products Chapter
Products in the industry can be broken down based on the volume of basic ingredients contained in the products. Each product contains basic ingredients so that animals are provided with a balanced diet from a single product. Cereal grains are the largest source of ingredients and include barley, wheat, oats, sorghum and other grains. Oil meals make up the second major ingredient group and includes soy meal, sunflower meal and other high-protein oil meals.
The largest product segment in the industry is wheat feed. Wheat used by the industry is usually of a lower quality than wheat used for human consumption and is therefore cheaper. Wheat may be milled and used directly as cattle feed or as a pellet binder... purchase to read more