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 Locations Chapter
Hog farms are predominantly located in the Plains region. In fact, 56% of the nation's pig-farming establishments are located in this region given the presence of Iowa and Minnesota, two of the country's top pork-producing states. This region is particularly favorable for hog farmers because access to land is easy and inputs are inexpensive. Known also for its corn farming, these states (especially Iowa) pay minimal costs for the delivery of fresh animal feed. For this reason, Iowa accounts for about 30% of the nation's hog farms.
The next most concentrated pig-farming regions are the Great Lakes and the Southeast. Both account for just under 20% of the industry's establishments and total revenue... purchase to read more