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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 | Feb 2017

In the mud: Revenue is declining due to falling prices of inputs and other meats

IBISWorld’s Hog & Pig Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Falling feed prices have led to declining pork prices and sales
  • Lower prices have strengthened demand for pork
  • Minimal increases to employment will help keep wages steady
  • ... purchase to read more

Industry Analysis & Industry Trends

Over the past five years, the Hog and Pig Farming industry has suffered the effects of falling prices. A huge hit to the price of feed substantially decreased revenue, and price-based competition from other meats like beef and poultry has kept revenue down, even as consumer demand for pork has risen. The five years to 2022 hold more of the same for the industry. With the stagnating growth of per capita pork consumption and continually falling prices of red meat and poultry, revenue will continue to decline... ... purchase to read more

Industry Report - Industry Locations Chapter

Hog farms are predominantly located in the Plains region. In fact, 60.6% 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 35.7% of the nation's hog farms.

The next most concentrated pig-farming regions are the Great Lakes (16.5% of establishments) and the Southeast (13.4%). The.. ... purchase to read more

Additional Insights for the Hog & Pig Farming Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Hog & Pig Farming Industry are

  • Use of specialist equipment or facilities
  • Proximity to key suppliers
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Price of red meat and Demand from meat, beef and poultry processing in the Hog & Pig Farming industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    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

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Price of red meat
  • Demand from meat, beef and poultry processing
  • Per capita pork consumption
  • Price of poultry meat
  • Price of feed
  • Current Performance
  • Plummeting prices
  • More meat
  • Live hog trade
  • Chart: Revenue Growth
  • Industry Outlook
  • Price competition
  • Slowed company growth
  • Minimal trade
  • Table: Hog & Pig Farming Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Hog & Pig Farming Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Hog & Pig Farming
  • Meat, Beef & Poultry Processing
  • Beef & Pork Wholesaling
  • Cattle & Hog Wholesaling
  • Key Selling Industries
  • Animal Food Production
  • Cattle & Hog Wholesaling
  • Corn, Wheat & Soybean Wholesaling
  • Farm Supplies Wholesaling
  • Farm, Lawn & Garden Equipment Wholesaling
  • Hog & Pig Farming
  • Livestock Production Support Services
  • Veterinary Services
  • Products & Services
  • Market hogs
  • Feeder pigs
  • Breeding stock
  • Cull stock
  • Chart: Hog & Pig Farming Industry Products and Services Segmentation
  • Demand Determinants
  • Price points
  • Supply and demand
  • Health concerns
  • Major Markets
  • Pig and hog processors
  • Other pig farmers
  • Export and other
  • Chart: Major Market Segmentation for the Hog & Pig Farming Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Hog & Pig Farming
  • Basis of Competition
  • Major operators
  • Independent contractors
  • Animal Welfare
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Hog & Pig Farming Industry
  • Industry Globalization
    Major Companies
    Smithfield Foods Inc.
  • Table: Smithfield Foods Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Hog & Pig Farming Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Hog & Pig Farming Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Price of Red Meat (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
  • The act of breeding and raising pigs for sale.
  • Feeder Pig
  • A weaned female swine or male hog castrated before sexual maturity and sold to be finished for slaughter.
  • H1n1
  • A new strain of swine-origin influenza that was discovered in 2009 and caused a subsequent pandemic in the United States.
  • Hazard Analysis And Critical Control Points
  • A safety system for food and pharmaceuticals that addresses physical, chemical and biological hazards as a means of prevention; also known as HACCP.
  • Sow
  • A female pig that has given birth to a litter of piglets.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Hog & Pig Farming:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Hog & Pig Farming market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Hog & Pig Farming, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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