Lecture 1: Overview Flashcards
In December 2022, how many market hogs were there in the US?
67 Million
Why was there a downward slope on the production curve from 2019-2021?
Covid-19 was hard on swine production, packing plants shut down so not as many animals were processed.
Why was there a sharp decline in swine inventory between 2013 and 2014?
In the spring of 2013, PEDV (disease) hit the US and it really affected the newborn pigs. Many died, causing the numbers to drop significantly
Why is there a slight downward trend in the hog inventory right now?
Inflation, an increase in price means fewer people are buying. Supply and Demand.
What area of the country are hog numbers the greatest? Why is this?
The corn belt because that is the area of the country where corn and soybeans are grown, which are the two main ingredients in swine diets.
What are the top 5 swine producing states in the US?
1) Iowa
2) Minnesota
3) North Carolina
4) Illinois
5) Indiana
Where does Kentucky rank in regard to the number of hogs produced?
18th
Pork ranks _______ in US consumption behind _______ and __________.
third, chicken, beef
True or False: worldwide pork is the most consumed meat.
True
True or false: Ham is the #1 consumed meat in households.
True
What is the #1 consumed pork product in restaurants?
Bacon
What is the average carcass weight on a finished hog?
210 pounds
What are the top 5 countries in per capita pork consumption?
1) China
2) Belarus
3) European Union
4) South Korea
5) Vietnam
8) United States
What are the top 5 pork-producing countries?
1) China
2) European Union (Denmark and France)
3) United States
4) Brazil
5) Russia
Why did Russia start producing hogs?
Started to produce hogs because they could no longer import it due to political issues
When are pork prices the highest during the calendar year?
The summer, due to production being the lowest during the summer months (hogs do not do well with heat)
Annually the US exports __________ billion dollars of pork
8.1