Hog & Pig Farming in the US
The Hog and Pig Farming industry, like other livestock industries, is enduring hard times for many reasons, one of which is the impact of commodity prices. In particular, industry revenue is determined by the price of feed, which has been highly volatile over the five years to 2019. Feed is the largest input cost for industry operators, so the price of feed is correlated with the price of pork. Over the next five years, demand for hogs and pigs is projected to stagnate, also stagnating industry revenue.
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 120.0 pounds. While hog feedlots are included in the industry, the transportation of the livestock is excluded.
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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