First Research US Industry Profile

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Hog & Pig Farming
SIC Codes: 0213
NAICS Codes: 1122
Last Quarterly Update: 8/15/2022
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.
Competitive Landscape
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 ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

04/04/2022
12/20/2021
09/13/2021
05/24/2021
02/22/2021
12/14/2020
11/09/2020
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03/02/2020
04/29/2019
01/28/2019
10/22/2018
07/23/2018
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10/16/2017
07/17/2017
04/17/2017
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10/10/2016
07/11/2016
04/11/2016
01/11/2016
10/05/2015
06/15/2015
03/16/2015
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09/22/2014
06/30/2014
04/07/2014
01/13/2014
10/07/2013
07/15/2013
04/22/2013
01/28/2013
10/22/2012
08/06/2012
05/14/2012
02/13/2012
10/31/2011
08/01/2011
04/18/2011
01/10/2011
10/04/2010
07/12/2010
04/05/2010
01/11/2010