I wouldn't definitely make the lard. The price of lard, like everything else, is through the roof now. It's perfect for greasing your cast iron, and is the best for frying in, and also makes the best pie dough.

Lard can also be used to make suet for the birds, and homemade soap.

If I ever raised a pig I'd look for one of the older varieties that produce a lot of leaf fat, just for the lard!