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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

IBISWorld’s Hog & Pig Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 - Industry Analysis Chapter

In 2009, the Hog and Pig Farming industry found itself hog tied; disease threats, decreased consumer spending due to the recession and high input costs savaged the industry. In particular, the outbreak of H1N1 (a combination of swine and human influenza) caused production and demand to plummet. The pandemic's negative publicity prompted many smaller operators to exit the industry, since they were unable to withstand high input costs due to decreased demand. However, in the years since, the industry has rebounded strongly, surpassing prerecessionary highs. The industry turned around in 2010 as demand for pork products resurged, evidenced by double-digit growth in processed meat exports and higher prices for farmers... 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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