The original passage is mostly grammatically correct, but there are some minor issues in punctuation and word choice that can be improved. Here’s a rephrased version along with a brief explanation of its meaning:
### Rephrased Version:
Swine, also known as pigs, are monogastric animals primarily raised for meat production (referred to as pork). Additionally, they can be used to produce other processed products such as sausages, bacon, and ham.