It's basically just a by-product of mill work- a mixture of
wood chips, bark, etc. People used to be concerned that chemicals from the wood would leach out but I'm not sure how accurate or realistic that concern is. I have never quite understood what chemicals and from where. Perhaps it is an unknown mixture of different woods which would be a concern in terms of potential toxicity?
In the picture, the hog fuel is the dark area covered in wood with the small stack of
fence posts.