Hog & Pig Farming
Companies in this industry raise hogs and pigs. No major companies dominate the industry.
China accounts for about 55% of the world's swine population and produces more than 50 million metric tons of pork in 2021, according to Statista. The EU and the US are the next largest producers of pork.
The US hog and pig farming industry includes about 70,000 farms with combined annual revenue of about $30 billion.
Hog farming involves six stages: breeding; gestation; birthing (known in the industry as farrowing); weaning; nursery; and grow finishing, where the hog reaches its ideal weight. Some large companies are vertically integrated and have farming, slaughter, and processing operations. This profile doesn't cover slaughter or processing. Processing of pork for consumption is covered in the Meat Products Manufacturing industry profile.
Demand is driven primarily by domestic and international trends in pork consumption. The profitability of individual companies depends on efficient operations and reducing the spread of disease. Large companies have advantages in vertically integrating operations from birthing to packaging and distribution. Small operations, typically family-owned farms, can compete by specializing in a single stage of hog farming or by raising animals that are humanely treated, antibiotic-free, or otherwise tailored to buyers' specifications. The US industry is concentrated: about 20% of farms account for about 95% of sales.
Products, Operations & Technology
Major services include farrow-to-finish; growing pigs and hogs to finishing; wean-to-finish; and breeding. Other services include farrow-to-wean and nursery
Sales & Marketing
Finance & Regulation
Regional & International Issues
Also includes the following chapters:
Quarterly Industry Update
Trends and Opportunities
Call Preparation Questions
Glossary of Acronyms