Hog & Pig Farming in Canada - Industry Market Research Report
Hog & Pig Farming in Canada
The Hog and Pig Farming industry in Canada has been at the mercy of volatile commodity prices, with double-digit revenue growth experienced in 2014 and a double-digit decline the following year. Ultimately, 2014 hog prices were the highest in over two decades, prompting profound growth that year. Still, prices stabilized by 2015 have not fluctuated as dramatically. Ultimately, the industry is reliant on commodity prices and downstream meat processing demand for revenue generation. As a result, revenue booms and busts are parallel to commodity prices, despite a stability in output in terms of volume to downstream meat processors. While concentration within the industry is low, the hog and pig farming landscape is shifting toward large, capital-intensive farms. This trend will likely positively affect the industry, as larger operators have access to high-tech machinery that reduces per-unit input costs.
Operators in the Hog and Pig Farming industry in Canada 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 54.0 kilograms. While hog feedlots are included in the industry, the transportation of the livestock is not.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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