Beefed up: Strong industry demand keeps cattle saleyard prices high, boosting revenue growth

The Beef Cattle Farming industry has displayed strong growth over the past five years. Varying weather patterns, fluctuating turnoff rates and government policies abroad have all influenced the industry's performance over the period. However, substantial saleyard price growth has helped the industry expand strongly from its low base in 2012-13. Industry revenue is expected to grow at an annualised 7.5% over the five years through 2017-18. Strong demand for Australian cattle and beef in export markets helped boost industry revenue over the three years through 2015-16. Industry revenue is anticipated to grow by 2.0% in 2017-18, to $16.7 billion, supported by ongoing high saleyard prices.Beef cattle farmers have suffered through varying weather conditions over the past five years...read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 13-18
7.5%
Forecast Growth 18-23
Profit
Employment
76,754
Businesses
47,605
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Robust saleyard price rises have helped the industry grow strongly over the past five years
  • Export quotas to Indonesia have remained a contentious topic over the past three years
  • Live cattle export revenue growth is forecast to ease over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Beef Cattle Farming industry is characterised by low market share concentration. The industry is highly fragmented, with the largest four players accounting for under 40% of industry revenue. The overwhelming majority of industry operators are non-employing family businesses, with work carried out by the farm owner and their family members. IBISWorld estimates that over 85% of industry players fall into this category.Industry concentration has increased marginally over the past five years, with the number of cattle farms declining more slowly than the number of enterprises. Some merger and acquisition activity has occurred over the past five years. For example, Australian Agricultural Company acquired the private Pell Airstrip and Tortilla properties near Darwin in July 2014. How...purchase to read more.

    Additional Insights for the Beef Cattle Farming Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Beef Cattle Farming Industry are

  • Proximity to key suppliers
  • Proximity to key markets
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Beef and veal production and Domestic price of beef in the Beef Cattle Farming industry impact industry performance..

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    What's in this report

    What is the Beef Cattle Farming Industry?

    Industry operators primarily farm beef cattle. The industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.

    Industry Products
  • Cows and bulls
  • Calves
  • Heifers and steers
  • Industry Activities
  • Farming beef cattle
  • Grazing domesticated buffalo
  • Dairy cattle agistment and replacement farming
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Beef and veal production
  • Domestic price of beef
  • Trade-weighted index
  • Demand from meat processing
  • Level of annual rainfall

  • Current Performance
  • Climatic factors
  • Live cattle exports
  • Profit and structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand factors
  • Live cattle trade
  • Profit and structure
  • Table: Beef Cattle Farming Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Beef Cattle Farming Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Meat Processing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Agribusiness
  • Organic Farming

  • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Beef Cattle Farming
  • Fertiliser Manufacturing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services
  • Veterinary Services

  • Products & Services
  • Cows and bulls
  • Heifers and steers
  • Calves
  • Chart: Beef Cattle Farming Industry Products and Services Segmentation

  • Demand Determinants
  • Demand for slaughter cattle
  • Demand for breeding cattle
  • Government intervention

  • Major Markets
  • Downstream processors for slaughter
  • Feedlots
  • Live export markets
  • Other farmers for breeding or stocking
  • Chart: Major Market Segmentation for the Beef Cattle Farming Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Beef Cattle Farming

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beef Cattle Farming Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Beef Cattle Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Beef Cattle Farming Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cattle-Handling Race
  • A metal structure farmers use to isolate cattle, usually for assessing their health, issuing vaccines or tagging.
  • Imputed Wage
  • The estimated labour input of the farm owner and their family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Turnoff
  • The number of livestock produced by a rural property or district available for market.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Beef Cattle Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Beef Cattle Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Beef Cattle Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Beef Cattle Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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