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          1. Animal Production Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 7/20/2020
            SIC Codes: 0212, 0213, 0214, 0251, 0252, 0253, 0254
            NAICS Codes: 112
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Animal Production Industry Profile

            Companies in this industry raise or fatten animals for the purpose of selling animals or animal products. Major companies include Agri Beef, Dairy Farmers of America, Pilgrim's, and Smithfield Foods (all based in the US) as well as JBS (Brazil), Industrias Bachoco (Mexico), Ingham Enterprises (Australia), and WH Group (Hong Kong).

            Worldwide, meat production totals more than 300 million tons. Brazil, China, the EU, India, and the US are the largest livestock producers. Global dairy production from cows is more than 550 million tons. The EU, US, and India are major producers.

            The US animal production industry includes more than 1 million farms with combined annual revenue of about $185 billion.

            The animal production industry includes feedlot farms that prepare livestock for slaughter but does not include slaughter, processing, or packing operations. The industry includes farms and ranches that earn the majority of their income from raising livestock. A cattle ranch, for example, may compete with farms that raise cattle but get most of their income from crops.

            COMPETITIVE LANDSCAPE

            Demand for meat, poultry, and dairy products is driven by domestic food consumption trends. The profitability of individual farms depends on efficient operations. Large companies have advantages in vertically integrated operations and economies of scale. Small operations can compete effectively by supplying local markets, specializing in heritage breeds, or raising humanely treated or hormone-free animals.

            Hog farming, poultry and egg production, and dairy operations ...

             
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