By Jim Long, President and CEO Genesus Genetics U.S.D.A. Pork Cut outs Approach 90 cents/Pound U.S.D.A. pork cut outs were 89.82 cents per pound last Friday, getting closer once again to 90 cents per pound. With August lean hog futures... (Continue reading)
By Jim Long, President and CEO Genesus Genetics October and December 2010 Lean Hog Contract Reach New Highs Last Friday October lean hog contracts at 77.025 and December at 74.350 closed from what we can determine were life of contract... (Continue reading)
By Jim Long, President and CEO Genesus Genetics National Pork Industry Conference Report Last week we attended the National Pork Industry Conference (NPIC), which was held at the Kalhari Resort, Wisconsin Dells, Wisconsin. Genesus was a sponsor, here are our... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week Friday, Iowa – Southern Minnesota averaged 75.29 lean per pound. This is profitable but not great. A year ago lean hogs a pound in Iowa – S. Minnesota were hovering... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Hog Market Languishing The U.S. – Canada hog market is languishing in the mid 70’s. The rapid appreciation of the U.S. dollar since mid April relative to other global currencies has taken... (Continue reading)
By Jim Long, President and CEO Genesus Genetics June 1st USDA Hogs and Pigs Report 1000 head 2009 2010 2010 % of 2009 Kept for Breeding 5968 5788 97 Market 60842 58612 96 Hogs and Pigs by Weight Group Under... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The Iowa–South Minnesota market closed at $77.51 lean lb average last Friday. The market is better than a year ago’s $56.00 lb/lean or about $45.00 per head higher. Last week’s U.S.A. weekly... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week we attended the World Pork Expo in Des Moines, Iowa. Our observations: There was good attendance. The producers we talked to are feeling a lot better. Making money does that. ... (Continue reading)
By Jim Long, President and CEO Genesus Genetics This week we will be at the World Pork Expo, a great opportunity to visit friends and colleagues. You can find us at the Genesus Tent. The following is part of a... (Continue reading)
By Jim Long, President and CEO Genesus Genetics There appears to have been a dip in the cash lean hog market. After hitting our predicted target price of 90 cents, lean hogs have rolled down into the 70’s. We believe... (Continue reading)
By Jim Long, President and CEO Genesus Genetics U.S. weekly marketing’s drop below magical benchmark 2 million head U.S. weekly hog marketing’s dropped below the magical benchmark 2 million head last week. Last Friday, lean hog prices 51 – 52%... (Continue reading)
By Jim Long, President and CEO Genesus Genetics After 30 months of our industry losing money, the anticipation for market hog prices to push through $80.00 lean is quite prevalent. Producers have been pounded down financially and there is a real... (Continue reading)