answersLogoWhite

0

As of my last update, the highest price paid for a market hog was reported to be around $1,500, achieved during a special livestock auction. Prices can fluctuate significantly based on market conditions, demand, and the quality of the hogs being sold. For the most current records, it’s advisable to check recent livestock auction reports or industry news sources.

User Avatar

AnswerBot

2w ago

What else can I help you with?

Continue Learning about Economics

How does the Duroc rate as a market hog?

oh no


What primarily determines the value of a market hog at slaughter?

The value of a market hog at slaughter is primarily determined by its weight, quality grade, and market demand. Heavier hogs typically yield more meat, which can increase their value, while quality grading assesses factors such as marbling and fat composition that affect meat quality. Additionally, fluctuations in market demand due to consumer preferences and supply chain conditions also play a significant role in determining a hog's value.


What is the definition of hog production?

Raising pigs.


What are the 4 features of bartering?

Bartering is a very old system of exchange. For example, if a person wanted to buy a hog from a farmer, they might trade him 40 bushels of corn. It is a system that works without actual money.


What would happen if farmers quit raising livestock?

If farmers stopped raising animals to kill for food, there would be more food for humans to eat. It takes 13-16 pounds of grain and soybeans to make a pound of beef. Farmed animals eat 60-70% of the food that farmers produce. It is far more economical, efficient, and humane to feed the grain and beans directly to humans than to route it through animal flesh.It is unlikely that every farmer will abandon all his or her animals at the exact same time. Farmers only breed animals (or plant crops, for that matter) if they can make a profit by doing so. Although billions of animals are bred for the meat, dairy, and egg industries each year, their life spans are cut short, with nearly all of them killed before they reach full maturity. The numbers of animals within the system can be drastically adjusted from year to year based on the industry's response to market fluctuations.Farmers use market demand for products to determine production, so if demand for meat, eggs, and dairy products continues to go down over time, and the demand for vegetables, fruits, grains, beans, and mushrooms goes up over time, farmers will breed and buy fewer animals, and instead plant more profitable vegetable crops.The meat, egg, and dairy industries produce alarming predictions of the negative economic impact of changing from raising and killing animals to raising plants for direct consumption:The US would suffer a $73 billion deficit immediately with the loss of the beef industry and $44 billion for poultry (meat only), $2.828 billion in US cattle production, and $31.8 billion in exports. The already staggering economy would likely never recover.Over night... 94.5 million cattle farmers would be bankrupt67.1 million hog farmers would be out of business5.7 million sheep farms would go undercountless jobs would be lost (farmers and field hands, transportation, processing, shipping, and sales), gone over night.Similar predictions are made for almost any kind of societal change, such as freeing slaves, or paying women the same as men. These changes in our society did not destroy our economy as some predicted; they actually contributed to its growth.In addition, consider that producing meat, milk, and eggs requires more water and land than producing a similar amount of nutrients in plant form. It takes between 441 and 2,500 gallons of water to make a pound of beef. It takes 94% more land to produce the same amount of animal flesh versus plant nutrition. It also takes more energy to raise animals, including refrigeration, versus grains. Land and water are finite resources, and raising animals for food will become increasingly more expensive and less profitable with dwindling land and water resources.Finally, waterways can become polluted with runoff from farms that raise animals, and forests are cut down to graze animals and grow crops to feed them. This affects many other economic systems, including tourism.Another Opinion:This is the rest of the bullet points that were deleted by the previous answerer:There would be more food for us to eat, over 60% of crops are fed to livestock including cattle, hogs, poultry, horses, and others.93,700,000 head of cattle (in the US alone) would have no reason for living. Many more livestock would end up the same way.All that new food for us to eat (which by the way is not for human consumption--silage, hay, field corn, distillers grains, etc.) would be wasted.The other big concern is that much of the non-edible products we rely on and take so much for granted for--no matter what side of the coin you are on with animal agriculture--will no longer be made available for use. Since the answerer above preferred to use the facts on cattle consumption of grain and water, this will follow suit, even though the question itself asked about livestock in general--pertaining to horses (yes, horses are considered "livestock"), pigs, chickens, sheep, goats, turkeys, etc.. From cattle alone, many animal by-products are used for us humans to wear, live in and use in our daily lives, even though most of us doesn't even realize it: cosmetics, paint, house insulation, furniture, car/airplane seats, camera film, soap, hair products, "fake" blood for entertainment use (movies, drama), are just a few products that rely on animal by-products from livestock like cattle to be made so that we can use or live in. Many pharmaceutical products come from livestock as well, a lot of which cannot be produced or made by plants alone.This should go to show you that the economical impact from the stats above is just a small piece of the pie. Many things we buy and use have no alternative source where they can get their products from that do not have some form of animal by-product in it. This means that many such things we need, use, live in and wear can no longer be made available--over time, actually--to all of us. The state of things would make us much poorer--not to mention sicker--than we probably could ever imagine.If farmers just up and quit raising livestock (not the assumption that it will happen gradually--just what if they couldn't raise them anymore?), indeed there would be an overabundance of "new food" much of which is inedible and will simply go to waste. Livestock which rely on humans to care for them and provide food would indeed have no reason to live because farmers are supposedly prohibited from raising them anymore. They cannot be liberated because of the huge risk of crops being destroyed by these freed animals, not to mention some species will become feral and hard to contain. This is already happening in the US with the feral pig population getting completely out of control, with many pigs destroying the very crops that people need to eat, destroying people's livelihoods, and even people's lives and health.Environmentally speaking, there is more impact to wildlife and wildlife habitat with the raising of crops than there is of raising livestock. Many wildlife habitats have been destroyed, wildlife species diverted and destroyed for the sole purpose of making available land to grow what grains, fruits and vegetables we consume. This also goes for water ways being diverted for irrigating crops not just for livestock consumption, but human as well. If farmers quit raising livestock, sure more water will be made available to grow crops, but more wildlife habitat may need to be destroyed to make more arable land available to grow more grains and veggies. You will also find that a lot of concerns for soil erosion stem from primarily cropping, not livestock grazing. Of course this is an eventual thing, not something that will happen overnight, but it will happen if all farmers cannot be raising livestock anymore.There are more points a bit unrelated to this question that were presented in the above response which I would like to argue, but I will leave that for the discussion page in this article.

Related Questions

How do you write a sentence for hog?

I went to the market, to buy a fat hog.


What is market style hog?

NA


When is a hog ready for market?

Once a hog has reached an average of 230 pounds and 4.5 to 6.5 months of age, it is considered ready to market.


What is the age of a market hog?

A market hog is typically around 5-6 months old when it is ready for sale and processing for pork production.


What is another word for hog?

Corner the market


How does the Duroc rate as a market hog?

oh no


How do you prevent bloating in a market hog?

Midol


What is the name of a male market hog?

barrow


What is the ideal market weight of swine?

That depends on the breed of hog and genetics of it's parents. Generally, when a hog stops growing and starts gaining too much fat, it is at market weight. But if you are not good at judging fat on a hog, 275 pounds is a middle market weight for most commercial breeds.


Does the market price of hogs represent live weight or hanging weight?

The CME Group specifications for their Lean Hogs futures specifies hog carcasses. At auction, hogs are sold by live weight - and because it's well known the average percentage of a live hog that becomes the various parts of a carcass, they can set the price at auction with reasonable certainty they'll get their money back.


What is the value of 1977 BERMUDA hog penny?

The value of a 1977 Bermuda hog penny can vary based on its condition and market demand. Generally, these coins are not considered rare and may be worth between $1 to $5 in average condition. If the coin is uncirculated or has unique characteristics, it could fetch a higher price among collectors. Always consider checking current market trends or consulting a numismatic expert for precise valuation.


In 2006 what company changed its stock market ticker symbol to HOG?

Harley Davidson HOG is short for Harley Owners Group, a club of owners of Harley-Davidson's motorcycles.