Industry Analysis & Industry Trends
The Farm Animal Feed Production industry has endured difficult trading conditions over the past five years due to unfavourable price movements and volatile weather conditions. Industry revenue is estimated to have grown at an annualised rate of 0.5% over the past five years. Revenue is expected to increase 1.1% during 2013-14 to reach $2.1 billion. Prices for feed grains products have fluctuated substantially over the past five years in response to global production levels and prices. Greater domestic rainfall and better weather conditions have led to improved pasture conditions and reduced the demand for feed during 2009-10 and 2010-11. Lower rainfall during 2011-12 and 2012-13 increased demand and industry revenue. The major companies in the industry, which earn 90.0%... 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 a number of 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 is 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. The wheat by in the industry is usually of a lower quality than the wheat used for human consumption and is cheaper. Wheat may be milled and used directly as cattle feed or used as a pellet binder... purchase to read more