High steaks: Consolidation has led to further polarization within the industry

The bull market that characterized the Beef Cattle Production industry in Canada over the past five years is a result of oscillations in cattle prices. Overall, cattle herd numbers have fallen while demand for beef has remained relatively consistent. This constrained supply has caused a massive spike in cattle prices as downstream food producers have tried to meet demand for beef. According to data from Statistics Canada, the average price of cattle and calves has considerably increased due to capacity constraints. Despite the record-high prices received for cattle over the past five years, some industry operators have been struggling...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Cattle herd numbers have fallen while demand for beef has remained relatively consistent
  • The average number of cattle per farm is increasing on larger farms but decreasing for most operators
  • Per capita beef consumption in Canada is expected to continue its decline
  • Industry Report - Industry Products Chapter

    CattleMost cattle in this segment are fed cattle, which are steers and heifers that have been fattened at a feedlot prior to slaughter. Cattle, as a share of revenue, represent 90.3% of total industry activities in 2018, up from 88.8% in 2013. Feedlots buy feeder cattle that have been fed on forage and are mature enough to enter a feedlot where they are switched to a grain-intensive diet, which is typically barley in Canada. Grain is higher in calories, and a high-grain diet enables steers and heifers to put on weight until they are ready to be sent to market. The process of fattening cattle so their meat has more fat in and around it is referred to as marbling. Fed cattle are typically more than 500 kg when they are sent to slaughter. The...purchase to read more.

    Additional Insights for the Beef Cattle Production Industry

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

  • Economies of scale
  • Appropriate physical growing conditions
  • Ability to take advantage of government subsidies and other grants
  • IBISWorld analysts also discuss how external factors such as Price of red meat and Per capita disposable income in the Beef Cattle Production industry impact industry performance..

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    What's in this report

    What is the Beef Cattle Production Industry?

    This industry raises cattle, including cattle for dairy herd replacements and fattens cattle to prepare them for consumption.

    Industry Products
  • Heifers
  • Steers
  • Calves
  • Bulls
  • Industry Activities
  • Operating cow-calf ranches
  • Operating feeder and stocker ranches
  • Operating feedlots
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Price of red meat
  • Per capita disposable income
  • Per capita beef consumption
  • Canadian effective exchange rate index
  • Price of feed

  • Current Performance
  • Herds down, prices up
  • Downstream demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Declining demand and prices
  • Potential opportunities
  • Alberta and municipal taxes
  • Table: Beef Cattle Production Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Production in Canada
  • Dairy Farms in Canada
  • Meat, Beef & Poultry Processing in Canada

  • Key Selling Industries
  • Beef Cattle Production in Canada
  • Corn Farming in Canada
  • Lawn & Outdoor Equipment Stores in Canada
  • Soybean Farming in Canada
  • Tractors & Agricultural Machinery Manufacturing in Canada
  • Veterinary Services in Canada

  • Products & Services
  • Heifers
  • Steers
  • Calves
  • Bulls
  • Chart: Beef Cattle Production Industry Products and Services Segmentation

  • Demand Determinants
  • Product prices
  • Consumer preferences
  • Public image

  • Major Markets
  • Meat processors
  • Other cattle farms and dairy farms
  • Exports
  • Chart: Major Market Segmentation for the Beef Cattle Production Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Beef Cattle Production 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 Production 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 Production Industry
  • 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)
  • Per Capita Beef Consumption (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The process of preparing cattle for feedlots with a high forage diet. Backgrounding is usually undertaken by stocker and feeder operations.
  • Bovine Spongiform Encephalopathy
  • More commonly known as mad cow disease, a degeneration of the brain and spinal cord in cattle.
  • Bull
  • Mature male cattle that is primarily used as breeding stock
  • Cow
  • Cattle that have calfed
  • Feeder Cattle
  • Young steers or heifers that enter feedlots and are put on full, high-grain feed for slaughter markets.
  • Finishing
  • The process of fattening or otherwise preparing cattle for slaughter. Most cattle are finished in feedlots on a high-grain diet, though a small portion are finished on a forage diet (i.e. grass-fed).
  • Heifer
  • Female cattle
  • Marbling
  • The specks of intramuscular fat in muscular tissue. The level of marbling is a key factor for grading beef quality.
  • Steer
  • Neutered male cattle
  • Stocker Cattle
  • Calves or young steers and heifers put on forage-intensive diets. Stocker cattle eventually become feeder cattle and enter feedlots.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Beef Cattle Production 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:
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    • Inform your decisions for marketing, strategy and planning
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    This report on Beef Cattle Production:
    • 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 Production 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 Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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