Raising hogs and pigs tends to be South Dakota's second largest livestock enterprise based on sales revenue of about $200 million in 1999. Although it lags substantially behind raising beef cattle, hog production continues to contribute to South Dakota's economic base. South Dakota ranked 11th among U.S. states in hog inventory and ranked 12th in pig crop size in 1999. Production practices vary from farrow-to finish to specialization in farrowing, growing, and finishing. Based on inventory numbers, hogs consume a substantial portion of the corn and soybean meal produced in South Dakota. The year 2000 should bring about the first increase in the size of South Dakota's pig crop since 1997. This paper seeks to provide insights into the structure, conduct, and performance of South Dakota's hog market. Producers, lenders, and others have expressed interest in the future profitability of hogs and in marketing issues such as basis and hedging effectiveness.
Number of Pages
South Dakota State University
Copyright © 2001
Diersen, M.A., "South Dakota's Hog Market: Developments and Prospects" (2002). South Dakota Swine Research Report, 2001. 32.