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Cattle & Hog Wholesaling in the US - Industry Market Research Report

  • April 2017
  • 36 pages
  • Ibisworld
Report ID: 286514

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Dry meat: Rising health concerns and the threat of livestock diseases will impede revenue growth

Abstract
Cattle & Hog Wholesaling in the US
The Cattle and Hog Wholesaling industry operates between upstream animal production and downstream animal processing. Industry operators purchase cattle and hogs from upstream livestock producers, the price of which is primarily influenced by feed prices. The price of feed, made mostly of corn, has been volatile over the five years to 2017. Feed prices grew until 2014 before falling significantly. These volatile feed costs have rippled down the supply chain and are affecting wholesalers in the form of changing livestock prices.

Additionally, a massive drought in 2012 led to food and water shortages that caused livestock farmers to cull herds, further decreasing supply and pushing livestock prices up. Regardless of negative economic conditions and growing health concerns, beef and pork products are staples in most US diets. Consumer diets, however, are shifting to healthier white meat and fish varieties as the healthy eating index rises. This poses a threat to the industry over the next five years.Establishments in this industry primarily wholesale livestock. Cattle, swine, sheep and goats are included, but horses and mules are excluded. Wholesalers may purchase livestock from feedlots, breeders or other ranchers and then sell to slaughterhouses, other feedlots and breeders and livestock buyers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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