In view of recycle or treatment of swine manure, the physico-chemical characteristic including the thermalreaction curve by DSC were evaluated. After extrusion processing of swine manure, durability of the pelletand the degree of odor reduction by olfactory detection were also evaluated. Fresh swine manure solidscontains more than half of 106㎛ or smaller particles, that could cause a difficulty in physical separation.Totally, 80.34% of solids were volatile solids. As the urea level is increased, the gelatinization temperatureof the manure added feed mixture is decreased although the specific energy for gelatinization is increased.The level of fiber and ash did not affect the thermal modification pattern. A durability of extruded andpelleted swine manure-incorporated feed depend primarily upon processing moisture content thensecondarily upon both processing temperature and addition level of swine manure. Olfactory odor intensityof swine manure decreased with extrusion of the swine manure although the post processing emissionintensity of NH₃, SO₂, and H₂S were not changed due to the processing.