Industry Analysis & Industry Trends
Over the past five years, the Hog and Pig Farming industry has worked itself out of a dirty corner. The industry grew strongly as demand for pork products resurged, evidenced by double-digit growth in processed meat exports and higher prices for farmers. As demand for pork remains steady and the price of feed decreases, the industry is expected to continue growing during the next five years. Moderate feed prices will allow hog and pig farms to reduce their operating costs, earn higher profit margins and subsequently continue expanding their operations. Additionally, the price of red meat, which includes pork, is expected to remain at historic highs through 2020. With some products, high prices tend to decrease demand... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Hog and Pig Farming industry is in the mature phase of its life cycle. The industry's value added (IVA), which measures the industry's contribution to the overall economy, is projected to grow by an annualized 7.0% in the 10 years to 2020. In comparison, the US GDP is forecast to grow 2.5% per year over the same period. While such a high IVA growth rate is often indicative of a growing industry, the Hog and Pig Farming's IVA growth rate is artificially high; IVA was depressed in 2010 as the industry recovered from the H1N1 scare. In general, the industry's IVA grows in line with the health of the economy.
The second reason that the industry is best categorized as being mature is that opportunities to introduce new products into the industry are very limited... purchase to read more