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Hog & Pig Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Hog & Pig Farming Market Research Report | NAICS 11221 | Jun 2014

Pigs fly: Profit and revenue return to healthy levels as downstream demand remains high

The Hog & Pig Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 09-14
10.6%
Annual Growth 14-19
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Profit
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Employment
129,004
Businesses
37,000
Industry Analysis & Industry Trends

This little pig stayed home

High oil and feed prices and internal and external competition have been hampering the industry over the past five years. Unfortunately, even with economic recovery on the horizon, the industry will continue to decline. Corn's strong ties to oil and the volatility that can arise from such a link will continue to keep industry firms chasing profit instead of making it. Also, competition from other meat sources in light of perceived health issues will hinder pork's popularity... purchase to read more

Industry Report - Starting a New Business Chapter

Entry into hog and pig farming is moderate for newcomers. Generally, all inputs are readily available, producers can usually shift between agricultural activities with ease, and there are often a number of farms for sale. However, three significant obstacles exist: regulations governing the industry, the purchase costs of capital equipment and feed, and the difficulty in securing contracts with downstream processors.

First, the costs associated with the establishment of a pig and hog farm may prohibit new entrants. Firms need to purchase industry-specific equipment such as climate- and light-controlled housing facilities and automatic feeding systems. Often, these assets represent sunk costs because the market for second-hand equipment is small... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hog & Pig Farming Industry?

Establishments in this industry farm hogs and pigs in operations that include breeding, farrowing, weaning and raising feeder pigs or market-size hogs. The term "pig" usually refers to the domestic mammal when it is young or small, while "hog" is the name typically given to domesticated pigs that weigh more than 120 pounds. While hog feedlots are included in the industry, the transportation of the livestock is excluded.

Industry Products
Market hogsFeeder pigsCull stockBreeding stock
 
Industry Activities
Farrow-to-finish operationsFeeder pig farmingHog feedlots (except stockyards for transportation)Hog and pig farms (including breeding, farrowing, nursery and finishing activities)Weaning pig operations


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