$15.1bn
$XXX.Xm
6,003
1,257
$XXX.Xm
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.At large, this industry reflects major trends and fluctuations occurring in the wholesale trade sector. In recent years, the industry has experienced increasing consolidation among downstream meat processors and upstream livestock producers. Not only has volatility in red meat prices hindered industry profitability, but as more companies at the production and processing level vertically integrate to carry out their own wholesale functions, industry wholesalers will be locked out of the supply chain. This trend is also demonstrated by the fact that the largest cattle feedlots in the nation are owned by the largest meat and beef processors, which will use internal sales to carry out their own wholesale functions.The industry is expected to see growth temper moving forward. Although red meat prices are expected to fall from previous highs due to the pandemic, they will remain elevated relative to pre-pandemic norms even as inflation tempers. As a result, revenue is expected to grow at a CAGR of 2.3% to $16.9 billion. To the detriment of wholesalers, manufacturers' sales branches and offices (MSBOs) will gain a larger foothold and benefit from economies of scale. As some wholesalers struggle to stay afloat and decide to exit the industry altogether, industry profit is expected to stagnate.
Industry revenue has grown at a CAGR of 12.9 % over the past five years, to reach an estimated $15.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Smithfield Foods Inc. | 770.6 | 13,741.2 | 1,783.2 |
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Industry revenue is measured across several distinct product and services lines, including Cattle (except cows), Cows and Hogs. Cattle (except cows) is the largest segment of the Cattle & Hog Wholesaling in the US.
Cattle (except cows) represent the majority of sales
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.
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NAICS 42452 - Cattle & Hog Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
A drop in beef and pork production sent meat prices skyward. As a result, wholesale revenue has spiked since 2021.
Learn about an industry's products and services, markets and trends in international trade.
Wholesalers buying and selling live animals also load, transport and deliver livestock to their respective end markets. Cattle and cows comprise more than two-thirds of all i...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Plains far and away holds the largest concentration of livestock wholesalers. Livestock is located there due to the abundance of feed and the ideal climatic conditions.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Industry fragmentation prevents any one player from cornering a majority of the total market. However, the localized nature of livestock wholesaling ensures competition on a ...
Learn about the performance of the top companies in the industry.
Smithfield Foods maintains a dominant position in the market. Nonetheless, the company generates only about a tenth of total wholesaling revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
To protect animal health and prevent the spread of disease, states regulate interstate livestock movements, often through their departments of agriculture. Certificates of ve...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Larger players industry may have greater total costs, but tend to register higher profit using a low-margin/high-volume strategy. These establishments benefit from buying and...
Including values and annual change:
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The market size of the Cattle & Hog Wholesaling in the US industry in United States is $15.1bn in 2024.
There are 1,257 businesses in the Cattle & Hog Wholesaling in the US industry in United States, which has grown at a CAGR of 1.0 % between 2019 and 2024.
The market size of the Cattle & Hog Wholesaling in the US industry in United States has been growing at a CAGR of 12.9 % between 2019 and 2024.
Over the next five years, the Cattle & Hog Wholesaling in the US industry in United States is expected to grow.
The biggest company operating in the Cattle & Hog Wholesaling market in United States is Smithfield Foods Inc.
Wholesaling cattle and Wholesaling swine are part of the Cattle & Hog Wholesaling in the US industry.
The company holding the most market share in United States is Smithfield Foods Inc..
The level of competition is moderate and increasing in the Cattle & Hog Wholesaling in the US industry in United States.