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 Products Chapter
While livestock raised in this industry are largely homogenous, hog and pig farming operations differentiate themselves according to their stage in the hog raising process. Generally, hog production is a 3-stage process, beginning with the farrowing and ending with finishing. The different types of industry farms include farrow-to-wean, farrow-to-feeder, nursery, farrow-to-finish and finish only farms.
Farrow-to-wean operations are the first stage in hog production; here, piglets are born and suckled by their mother for three weeks. Farrow-to-wean farms account for about 8.5% of industry operations. Next come nursery operations, where weaned piglets spend on average 8 weeks until they grow to about 50 pounds; nursery-only farms account for about 3.0% of industry farm... purchase to read more