Topic 1: Global Outlook

Question 1

What do we need to do by 2050?

Answer 1

Find ways to feed the world because population will cause high demand for food products, even though animal consumption is trending downwards

Question 2

Where is the highest population density and why are swine a good fit for them as a food source?

Answer 2

China; Mountain ranges are very elevated and rocky so since swine stay indoors and feed on anything (corn mainly) it is a good choice; china produces the most pork

Question 3

Top 3 pork producing countries

Answer 3

1) China
2) EU
3) USA

Question 4

Top 3 countries that imported highest dollar value worth of pork in 2018

Answer 4

1) Japan
2) Italy
3) China

Question 5

Inputs to swine industry

Answer 5

Feed
Genetics
Veterinary service

Question 6

Farrow to feeder

Answer 6

Provides feeder pigs to other farms

Question 7

Feeder to Finish

Answer 7

Purchases feeder pigs as input

Question 8

Farrow to finish

Answer 8

Raise pigs from birth to slaughter

Question 9

Processing and Distribution types

Answer 9

Packing/intermediate processing ( includes intergrators like Smithfield that own hogs produced on farms under contract)

Final Processing

Wholesalers

Question 10

Marketing Types

Answer 10

In home consumption (78% US)

Restaurants (17% US)

Food suppliers to institutions (5% US)