NAICS Code 424520-01 - Cattle Companies (Wholesale)

Marketing Level - NAICS 8-Digit

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Total Companies

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NAICS Code 424520-01 Description (8-Digit)

Cattle Companies (Wholesale) are businesses that specialize in the wholesale distribution of cattle to retailers, processors, and other businesses. These companies purchase cattle from farmers and ranchers and then sell them in large quantities to other businesses. The primary focus of these companies is on the buying and selling of cattle, rather than the production or processing of meat products. Cattle Companies (Wholesale) play a crucial role in the supply chain of the beef industry, ensuring that there is a steady supply of cattle available for processing and consumption.

Hierarchy Navigation for NAICS Code 424520-01

Parent Code (less specific)

Tools

Tools commonly used in the Cattle Companies (Wholesale) industry for day-to-day tasks and operations.

  • Livestock trailers
  • Cattle chutes
  • Cattle scales
  • Cattle feeders
  • Cattle waterers
  • Cattle handling gloves
  • Cattle prods
  • Cattle vaccines
  • Cattle ear tags
  • Cattle dehorners

Industry Examples of Cattle Companies (Wholesale)

Common products and services typical of NAICS Code 424520-01, illustrating the main business activities and contributions to the market.

  • Beef feedlots
  • Meat processors
  • Slaughterhouses
  • Meat wholesalers
  • Livestock exporters
  • Livestock importers
  • Livestock brokers
  • Livestock traders
  • Livestock feed suppliers
  • Livestock equipment suppliers

Certifications, Compliance and Licenses for NAICS Code 424520-01 - Cattle Companies (Wholesale)

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Beef Quality Assurance (BQA): A certification program that provides cattle farmers and ranchers with the tools and training necessary to raise cattle in a manner that is safe, ethical, and environmentally sustainable. The program is offered by the National Cattlemen's Beef Association (NCBA).
  • Hazard Analysis and Critical Control Points (HACCP): A food safety management system that is required for all meat and poultry processing plants in the US. Cattle companies that process meat must comply with HACCP regulations. The program is offered by the US Department of Agriculture (USDA).
  • Transport Quality Assurance (TQA): A certification program that provides training for individuals who transport cattle. The program is offered by the National Pork Board.
  • Certified Angus Beef (CAB): A certification program that ensures that beef products meet certain quality standards. The program is offered by the American Angus Association.
  • Global Animal Partnership (GAP): A certification program that ensures that animals are raised in a humane and sustainable manner. The program is offered by the Global Animal Partnership.

History

A concise historical narrative of NAICS Code 424520-01 covering global milestones and recent developments within the United States.

  • The "Cattle Companies (Wholesale)" industry has a long history worldwide, dating back to the early days of animal husbandry. The domestication of cattle and the development of animal husbandry practices allowed for the creation of a market for cattle and beef products. In the United States, the industry began to take shape in the late 19th century, with the establishment of large-scale cattle ranches and the development of railroads that allowed for the transportation of cattle across the country. The industry continued to grow throughout the 20th century, with the development of new technologies and the expansion of international trade. Notable advancements in the industry include the development of new breeding techniques, the introduction of feedlots, and the implementation of new safety and quality standards. In recent history, the "Cattle Companies (Wholesale)" industry in the United States has faced a number of challenges, including the outbreak of diseases such as BSE and the increasing competition from other meat products such as chicken and pork. However, the industry has also seen significant growth in recent years, driven by increasing demand for beef products both domestically and internationally. The industry has also benefited from the development of new technologies and the implementation of new safety and quality standards, which have helped to improve the efficiency and profitability of the industry. Overall, the "Cattle Companies (Wholesale)" industry has a rich history and continues to play an important role in the global economy.

Future Outlook for Cattle Companies (Wholesale)

The anticipated future trajectory of the NAICS 424520-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Stable

    The future outlook for the Cattle Companies (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for beef and other cattle products. The rising population and income levels are driving the demand for meat products, which is expected to boost the industry's growth. Additionally, the industry is adopting new technologies and practices to improve efficiency and reduce costs. However, the industry may face challenges such as the increasing competition from alternative protein sources and the impact of climate change on the availability of feed and water. Overall, the industry is expected to grow steadily in the coming years.

Industry Innovations for NAICS Code 424520-01

Recent groundbreaking advancements and milestones in the Cattle Companies (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

  • Online Trading Platforms: Cattle Companies (Wholesale) are increasingly using online trading platforms to buy and sell cattle products. These platforms provide a convenient and efficient way to connect buyers and sellers, reducing transaction costs and increasing market transparency.
  • Genetic Testing: The industry is adopting genetic testing to improve the quality of cattle products. Genetic testing helps identify desirable traits such as meat quality, growth rate, and disease resistance, which can help improve the breeding process and produce better-quality products.
  • Traceability Systems: The industry is implementing traceability systems to track the origin and movement of cattle products. These systems help ensure food safety and quality, reduce the risk of disease outbreaks, and improve supply chain efficiency.
  • Sustainable Practices: Cattle Companies (Wholesale) are adopting sustainable practices to reduce their environmental impact. These practices include reducing greenhouse gas emissions, improving water and waste management, and promoting biodiversity.
  • Product Diversification: The industry is diversifying its product offerings to meet changing consumer preferences. Cattle Companies (Wholesale) are offering a wider range of products such as grass-fed beef, organic beef, and specialty cuts to cater to different market segments.

NAICS Code 424520-01 - Cattle Companies (Wholesale)

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