The Question and Answer section for Animal Farm is a great resource to ask questions, find answers, and discuss the novel.
The young pigs would be butchered.
From the text:
You young porkers who are sitting in front of me, every one of you will scream your lives out at the block within a year.
I can only speak for the book. Old Major had dreamt of a socialist animal utopia. All the animals would work for the betterment of each other. All would share in the work on the farm and all would share in the profits.
Rations are constantly being reduced. What chapter are you referring to?