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

A new breed: As more companies exit the industry, profit will grow

The Cattle and Hog Wholesaling industry's performance is largely driven by fluctuations in the price of red meat, which has increased substantially along with growth in per capita pork consumption. The COVID-19 pandemic combined with drought to limit industries involved in beef production. In 2021 alone, the price of red meat jumped 21.1% as drought conditions lowered herd numbers and increased the price of feed. Consequently, revenue has dramatically, growing at a CAGR of 12.9% to $15.1 billion over five years to 2023. With red meat prices continuing to grow, revenue is anticipated to grow an additional 16.8% in 2023. 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.