Management Economics

The U.S. Pork Industry Structure: A 1997 Snapshot

Authors
  • John D. Lawrence (Iowa State University)
  • Marvin Hayenga (Iowa State University)
  • Glenn Grimes (University of Missouri–Columbia)

Abstract

The U.S. pork production sector is consolidating at an accelerating rate. In 1997, 145 firms marketing 50,000 hogs or more a year marketed 37% of U.S. hogs. This rate is up from 17% in 1994 and 7% in 1988. Most of this gain came at the expense of farms marketing fewer than 1,000 hogs a year. This segment of the industry, which has exited during previous times of poor returns, now represents only 5% of U.S. production. Liquidation of the breeding herd may be slower to occur in the future, as less significant, inefficient enterprises will be displaced. The growth plans of producers and their reported stay-in price suggest that consolidation will continue into the future.

Keywords: ASL R1599

How to Cite:

Lawrence, J. D., Hayenga, M. & Grimes, G., (1999) “The U.S. Pork Industry Structure: A 1997 Snapshot”, Iowa State University Animal Industry Report 1(1).

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Published on
01 Jan 1999
Peer Reviewed