Beef Cattle Farming in Australia - Industry Market Research Report

Top of the herd: Strong demand for Australian beef in export markets is boosting revenue for farmers

Beef cattle farmers have faced volatile operating conditions over the five years through 2022-23. Turn-off rates have fallen in response to improving grazing conditions, particularly over the two years through 2021-22. However, a decline in turn-off rates, combined with strong demand for Australian beef in export markets, has put upward pressure on beef cattle prices. This has supported revenue growth over the past five years. Revenue is expected to grow at an average annual rate of 2.0% over the five years through 2022-23, to an estimated $21.4 billion. This result includes an expected decline of 10.2% in 2022-23 due to falling cattle prices.

Industry operators primarily farm beef cattle. The industry excludes feedlot, mixed livestock farming and grain-sheep or grain-beef farming operations.

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.