Cost of Pork Production – Know Your Bottom Line
Do you know how much it costs you to produce a pig? Knowing your cost of production is key to maximizing margins and ensuring the financial health of your operation.
“This is our first clean look after three reports during the throws of COVID. It’s the best reprieve producers could have asked for — it’s very, very bullish.”
Joe Kerns, analyst with Partners for Production Agriculture, responding to the USDA Q1 Hogs and Pigs Report
Pork is the second most consumed meat across the globe. Source: USDA Foreign Agricultural Service
In 2020, export value averaged $58.65 for every U.S. hog marketed in these export markets. Source: USDA Foreign Agricultural Service
In 2020, the value of U.S. pork and pork variety meat exports surpassed $7.7 billion. Source: USDA Foreign Agricultural Service