# Pigs: 2022 Year-in-Review

## Key Dates & Events

**2022-03-30**: 2 “Idaho Pasture” feeder pigs born at The Groves Family Farm**2022-06-18**: Purchased and picked up (11 weeks 3 days old)**2022-12-19**: Dropped off for slaughter and processing by Bellville Meat Market (264 days, or 37 weeks 5 days old)**2023-01-13**: Received back from processing

## Costs

*Note: all costs net of Tractor Supply credit card discounts*

#### Direct & Fixed

**$300.00**, initial purchase**$597.18**, slaughter and processing- $416.25, processing
- $100.00, skinning / kill Fee
- \$65.03, bacon smoking (\$2.25/lb for 28.9 lbs of smoked bacon)
- \$15.09, hocks smoking (\$1.50/lb for 10.6 lbs of smoked hocks)

#### Direct & Variable

**$557.32**, 1400 lbs total of Pig Feed, “DMR Hog Grower” from Tractor Supply:- $22.42, 50 lb - 2022-06-10
- $22.30, 50 lb - 2022-06-30
- $14.42, 50 lb - 2022-07-08
- $19.21, 50 lb - 2022-07-17
- $21.49, 50 lb - 2022-07-24
- $21.49, 50 lb - 2022-07-31
- $10.74, 50 lb - 2022-08-09
- $15.04, 50 lb - 2022-08-14
- $42.98, 2 x 50 lb - 2022-08-20
- $5.68, 50 lb - 2022-08-26
- $21.49, 50 lb - 2022-09-04
- $43.98, 2 x 50 lb - 2022-09-17
- $33.98, 2 x 50 lb - 2022-10-01
- $21.99, 50 lb - 2022-10-08
- $43.98, 2 x 50 lb - 2022-10-22
- $43.98, 2 x 50 lb - 2022-11-04
- $43.98, 2 x 50 lb - 2022-11-18
- $19.60, 50 lb - 2022-11-25
- $43.98, 2 x 50 lb - 2022-12-04
- $35.77, 2 x 50 lb - 2022-12-10

#### Indirect & Fixed

**$810.79**, Kenmore chest freezer (18.5 cu. ft.) purchased on 2022-11-22

#### Indirect & Variable

**$65.46**, straw, for 72 cubic feet total:- $13.99, 18 cu ft - 2022-06-10
- $15.49, 18 cu ft - 2022-08-20
- $17.99, 18 cu ft - 2022-10-22
- $17.99, 18 cu ft - 2022-12-04

## Yield

**191 pounds**processed weight (yield from**333 pounds**hanging weight)- 5 pork butt roast
- 3 picnic roast
- 4 ribs
- 25.25 pork chops
- 7 round steaks
- 2 ham roasts
- 26 ground pork, 28 lbs
- 24 smoked bacon, 28.9 lbs
- 4 smoked hocks, 10.6 lbs

## Metrics

*Final live weight of our pigs was never directly measured. Some sites suggest assuming 72% as a reasonable factor to convert live weight to hanging weight.*

$$Hanging\ Weight = 72\% \times Live\ Weight$$

$$Live\ Weight = \frac{Hanging\ Weight}{72\%} = \frac{333\ lbs}{72\%} = 463\ lbs$$

#### Feed Cost per Pound

$$\frac{Total\ Feed\ Cost}{Total\ Feed\ Weight} = \frac{$557.32}{1400\ lbs} = $0.40\ per\ lb$$

#### Growth Rate

$$\frac{Live\ Weight}{Day \times Pig\ Count} = \frac{463\ lbs}{264\ days \times 2} = 0.88 \frac{lbs}{day}$$

#### Feed Conversion

$$\frac{Live\ Weight}{Feed\ Consumption} = \frac{463\ lbs}{1400\ lbs} = 0.40 \frac{lbs}{lb}$$

#### Processing Efficiency

*Some sites recommend assuming the processed, take-home weight is roughly 65% of the hanging weight. Our actual realized processing efficiency was 57%.*

$$0.65 \times 333\ lbs = 216.5\ potential\ lbs$$

$$\frac{Processed\ Weight}{Hanging\ Weight} = \frac{191\ lbs}{333\ lbs} = 57\%$$

$$\frac{Processed\ Weight}{Live\ Weight} = \frac{191\ lbs}{463\ lbs} = 41\%$$

#### Cost per Pound

- Direct Fixed Costs + Direct Variable Costs Only (ie, excludes freezer and straw)

$$\frac{Acquisition + Feed + Processing\ Costs}{Processed\ Weight} = Cost\ Per\ Processed\ Lb$$

$$\frac{$300.00 + $557.32 + $597.18}{191\ lbs} = \frac{$1454.50}{191\ lbs} = $7.62/lb$$

- Direct Fixed Costs + Direct Variable Costs Only, and excluding fee for smoking bacon and hocks

$$\frac{$300.00 + $557.32 + ($597.18 - $80.12)}{191\ lbs} = \frac{$1374.38}{191\ lbs} = $7.20/lb$$