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Prairie Swine Centre is an affiliate of the University of Saskatchewan
Prairie Swine Centre is grateful for the assistance of the George Morris Centre in developing the economics portion of Pork Insight.
Financial support for the Enterprise Model Project and Pork Insight has been provided by:
Changing Business structure of the North American hog industry
Posted in: Economics, Pork Insight Articles by admin on June 5, 2017
Combined US and Canadian pig inventory in December 2015 was 81.6 million including 7.24 million head kept for breeding compared to December 2007’s inventory of 79.1 million pigs including 7.71 million kept for breeding. Productivity of the North American swine herd continues to grow with pigs saved per sow increasing from 9.16 in 2006 to 10.3 in 2015. US annual pork production by carcass weight has also increased by 2.5 billion pounds from 2007 to 2015.
Managers and investors need validated information on new technology now more than ever, they also require transparent supply chain economic analysis of the impacts of technological innovation, demand shifts, demographic changes, seemingly unrelated market effects and policy changes. There appear to be large opportunities for further precision management, another genetic revolution and entrepreneurial innovation. Time allows presentation of only a few ideas today. The need for educational conferences is continually increasing. Pig industry research and educational institutions are and will be investments that generate huge ROIs for producers and allied industry.