insights -- Feburary 2018 - 3
sows and those that finish and market live hogs (barrows
and gilts). Most operations are farrow-to-finish
operations. The industry is highly integrated, with most
major pork processors producing a sizeable percentage
of the live hogs they process.
Nationwide, more than 60,000 pork producers
annually market more than 117 million hogs. On
average, these animals provided total gross income of
more than $20 billion in 2016. USDA data reveals that
there were 621 federally inspected hog slaughter plants
in the U.S. in 2016 that slaughtered 117.388 million hogs.
Chicken/Poultry Sector
The U.S. has the largest broiler chicken industry in
the world and it is highly integrated. Approximately
35 companies are involved in the business of raising,
processing and marketing chickens on a "vertically
integrated" basis. About 25,000 family farmers have
production contracts with the companies. Approximately
95% of broiler chickens are produced on these farms,
with the remaining 5% raised on company-owned
farms. The top five broiler-producing states are Georgia,
Arkansas, Alabama, North Carolina and Mississippi.
2. PRODUCTION AND
CONSUMPTION
Production
Production of beef, pork and broilers 2014-2016
inclusive saw beef production decline to a multi-year low
in 2015. This was because extreme drought conditions in
2010-2012 forced significant beef cow herd liquidation.
Production has since recovered as beef producers started
aggressively rebuilding their cow herds in 2014. Pork
production exceeded beef production in 2015 but then
slipped back. Broiler production increased slightly over
the three-year period and will continue to do so.
Production of beef, pork and broilers
(billions of pounds)
Production
2014
2015
2016
2017
2018
Beef
24.250
23.698
25.221
26.305
27.590
Pork
22.843
24.501
24.941
25.560
26.915
Broilers
38.565
40.048
40.695
41.541
42.275
(Source: USDA - actual data and 2017 and 2018 forecasts)
3
Table of Contents for the Digital Edition of insights -- Feburary 2018
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insights -- Feburary 2018 - 6
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