South Dakota farmers continue to produce a sizeable number of hogs despite recent contraction throughout the hog industry. USDA-NASS reports an inventory of over 1 million hogs in the state (SDASS). South Dakota ranked 11th among U.S. states in hog inventory and ranked 12th in pig crop size in 2000. Production practices vary from farrow-to-finish to specialization in farrowing, growing, and finishing. This paper seeks to highlight recent trends and new information related to South Dakota's hog market. Several findings pertain to national (and global) structural changes that have implications for South Dakota. With the general trend toward continuous production by the remaining producers, producers need risk management tactics that accommodate selective hedging. Prices have returned to profitable levels and there has been an improvement of the basis in South Dakota. Mandatory price reporting and the monthly Hogs and Pigs report bring new information that may be useful when making management decisions.
Number of Pages
South Dakota State University
Copyright © 2001
Diersen, M.A. and Walti, J., "Update On South Dakota's Hog Market" (2002). South Dakota Swine Research Report, 2001. 33.