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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 2013

Stuck in the sty: Profit eludes the industry as feed and oil prices soar, and epidemics sully the swine

IBISWorld’s Hog & Pig Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$21bn
Annual Growth 08-13
5.9%
Annual Growth 13-18
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Profit
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Employment
62,209
Businesses
18,548
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

The Hog and Pig Farming industry experienced considerable difficulties in the five years to 2013. Disease threats, decreased consumer spending due to the recession and high input costs savaged the industry over the period. In particular, 2009 was a disastrous year for the industry due to the outbreak of H1N1 (a combination of swine and human influenza) that 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. From 2010 to 2011, demand for meat surged, as evidenced by double-digit growth in processed meat exports and higher prices for farmers. Farmers also benefited from increased demand from developing nations such as China... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Hog & Pig Farming Industry?

Establishments in this industry primarily farm hogs and pigs in farrow-to-finish 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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