A record 9 million units of beef semen were sold to U.S. dairy farmers and cattle ranchers last year. This is an impressive number considering that sales stood at what was at that time a record 2.5 million units in 2015.
While actual units of beef semen sold within the U.S. have shot toward the moon with 6.5 million units of growth from 2015 to 2022, the percentage gains moderate each year as momentum continues in the category. While the annual growth rate ranged from 1.3 to 1.7 million units in the category from 2018 to 2021, percentage growth slipped from 58% in 2018 to 21% by 2021. That’s because the denominator (larger sales total) in the math equation continues to grow each year.
Corey Geiger
April 6, 2023
hoards.com
