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 - Industry SWOT Analysis Chapter
Three main factors suggest that the Hog and Pig Farming industry has entered the mature phase of its life cycle. The first is overall growth in industry value added (IVA). IBISWorld forecasts that IVA will rise 6.6% per year over the 10 years to the end of 2019. In comparison, the US GDP is forecast to grow 2.5% per year over the same period. As IVA in 2009 was at a 10 year low, its 10 year growth rate is artificially high; generally, IVA for the industry falls largely in line with the economy.
The second reason is that opportunities to introduce new products into the industry are very limited. In livestock-based industries, new product development usually occurs downstream, where processors introduce new meat cuts... purchase to read more