The study empirically examined the economic analysis of pig production in Ondo State, Nigeria. Primary data were used for this study. The data were collected with the aid of structured questionnaire and 120 respondents were randomly selected through a multistage sampling technique. Descriptive statistics, gross margin analysis and OLS regression were employed to analyze the data. The results show that about 89.2% of the farmers were male and 85.8% of the respondents were married. About 75.8% of the respondents had formal education and majority (70.8%) of them had between 1 and 5 years of experience. About 40.8% of the respondents had 11 to 20 pigs with the average number of pigs reared was 18. The farm income was ₦1,442,500 per production cycle. The gross margin (GM) was ₦756,500 while the net farm income was ₦657,980. The result showed that the enterprise was profitable as indicated in the study. The results of the multiple regression revealed that age, feed cost and farmer’s experience were the main determinants of pig production in the area. Also, the result showed that lack of capital and poor access to credit facilities as the major constraints to pig enterprise in the study area. Based on the findings. it is recommended that more funds should be made available to piggery farmers at minimum cost to increase output of the piggery industry.