High steaks: Revenue has grown over the past five years due to rising overseas demand

The Beef Cattle Feedlots industry has displayed strong growth over the past five years. Industry revenue is expected to grow at an annualised 10.3% over the five years through 2017-18, to $4.5 billion. Rising global beef consumption has driven demand for feedlots over the past five years. This growth has been due to increasing disposable incomes in developing countries, which have allowed consumers to purchase greater quantities of beef. Consequently, export markets have become increasingly important for lotfeeders, contributing to the industry's growth. Despite this trend, the domestic market remains the largest market for grain-fed beef produced in Australia. Major domestic customers, particularly the national supermarket chains, have remained important to the industry. A...read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
10.3%
Forecast Growth 18-23
Profit
Employment
2,004
Businesses
293

Industry Threats & Opportunities

  • Rising global beef consumption has driven demand for feedlots over the past five years
  • Cattle turned off from feedlots are sold to abattoirs for processing into grain-fed beef products
  • Low domestic demand growth means that future industry expansion will come from export markets
  • Industry Report - Industry Key Buyers Chapter

    The Beef Cattle Feedlots industry displays low market share concentration. According to the Australian Lot Feeders' Association, family-owned and -operated feedlots dominate the industry, accounting for approximately 96% of feedlots. The largest industry players are Industry Park, Mort & Co, Teys Australia and Australian Country Choice Holdings. Collectively, these four players are expected to account for 20.7% of industry revenue in 2017-18. These operators also typically have a range of other operations such as meat processing, abattoirs and meat wholesaling. Industry-wide concentration is anticipated to increase slightly over the next five years due to industry consolidation. Sma...purchase to read more.

    Additional Insights for the Beef Cattle Feedlots Industry

    IBISWorld has determined the most important Key Success Factors for the Beef Cattle Feedlots are:

  • Must comply with government regulations
  • Proximity to key suppliers
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Beef and veal production and Domestic price of beef in the Beef Cattle Feedlots industry impact industry performance..

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    What's in this report

    What is the Beef Cattle Feedlots Industry?

    Industry firms primarily operate feedlots for beef cattle. A feedlot is a confined yard area with watering and feeding facilities where cattle are completely hand or mechanically fed for the purpose of beef production.

    Industry Products
  • Grain-fed beef for the domestic market
  • Grain-fed beef for export markets
  • Industry Activities
  • Beef cattle feedlot operation
  • 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
  • Domestic price of feeder cattle
  • Demand from supermarkets and grocery stores
  • Trade-weighted index
  • Domestic price of coarse grains

  • Current Performance
  • Feedlot operation
  • External factors
  • Market trends
  • Consolidation trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Beef exports
  • Weather patterns
  • Industry structure
  • Table: Beef Cattle Feedlots Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Meat Processing

  • Key Selling Industries
  • Beef Cattle Farming
  • Grain Growing
  • Prepared Animal and Bird Feed Manufacturing
  • Veterinary Services

  • Products & Services
  • Grain-fed beef for the domestic market
  • Grain-fed beef for export markets
  • Chart: Beef Cattle Feedlots Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets
  • Exports to Japan
  • Other export markets
  • Butchers
  • Food-service establishments
  • Exports to South Korea
  • Chart: Major Market Segmentation for the Beef Cattle Feedlots 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 Feedlots

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Industry Park Pty Ltd, Mort & Co Ltd, Teys Australia Pty Ltd,
  • Table: Industry Park Pty Ltd - financial performance
  • Table: Mort & Co Ltd - financial performance
  • Table: Teys Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Beef Cattle Feedlots 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 Feedlots Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Backgrounding
  • Growing program for feeder cattle from the time calves are weaned until they enter a feedlot to be finished.
  • Feeder Cattle
  • Cattle purchased by a lotfeeder to place on the feedlot for finishing.
  • Finishing
  • When cattle are fed out to reach certain market specifications prior to being sold to an abattoir.
  • Heifer
  • A female bovine that has not produced a calf and is under 42 months of age.
  • Over-The-Hook
  • The price an abattoir pays to the lotfeeder for grain-fed cattle.
  • Steer
  • A castrated male bovine.
  • Turnoff Rate
  • The number of cattle sold to downstream processors or export markets.
  • What Our Customers Say

    Why buy this report?

    The Beef Cattle Feedlots market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Beef Cattle Feedlots:
    • 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 Feedlots 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 Feedlots, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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