Opinion
Consider a quick scan of the latest hog production report from USDA’s Economic Research Service. Beyond reading the simple summary <Link>, scan the full report introduction and conclusions <Link> to better understand how this animal health segment has met challenges and continued to thrive.
The report shows productivity growth and structural change, increased output and expanded exports and examines changes in hog production from 1992 to 2017. During this period, production contracts became the most common business model in hog production, and hog farms grew larger and more specialized.
Source: USDA Economic Research Service, August 2022. Link.