A new USDA report lists 2008 U.S. gross income from cattle and calves, hogs and pigs, and sheep and lambs at $65.2 billion, down 1 percent from 2007. Gross income decreased for cattle and sheep, but increased significantly for hogs and pigs. 

Cattle and calves decreased 3 percent according to the report, while sheep and lambs decreased 5 percent and hogs and pigs increased 9 percent.                                                                  

Total 2008 cash receipts from marketings of meat animals decreased 1 percent to $64.7 billion. Cattle and calves accounted for 74 percent of this total, hogs and pigs 25 percent, and sheep and lambs 1 percent. Production decreased for all cattle and calves and sheep and lambs while production increased for hogs and pigs.                        

Cattle and Calves: Cash receipts from marketings of cattle and calves decreased 3 percent from $49.8 billion in 2007 to $48.2 in 2008. All cattle and calf marketings totaled 54.2 billion pounds in 2008, down 1 percent from 2007.                                                                               

Hogs and Pigs: Cash receipts from hogs and pigs totaled $16.1 billion during 2008, up 9 percent from 2007. Marketings totaled 32.7 billion pounds in 2008, up 8 percent from 2007.                                                                                

Sheep and Lambs: Cash receipts from marketings of sheep and lambs in 2008 were $451 million, down 5 percent from 2007.  Marketings decreased 6 percent to 526 million pounds. 

View the 2008 livestock income and production full report is from the USDA.