Jim Long, President and CEO Genesus Genetics
Some positive news for the U.S. pork industry is the increase in the Pork Exports and decrease in Pork imports in July.
Some Points:
China / including Hong Kong at 112.67 million pounds was...
Jim Long, President and CEO Genesus Genetics
If Misery loves company, we have a real hootenanny* going.
(*Scottish word, meaning party)
The Utter Collapse of the U.S. and some other countries' pork markets is unprecedented. Coronavirus and what it has done to...
Jim Long, President and CEO Genesus Genetics
Bad news seems to be becoming worse news. Below some observations:
At the time of writing, hog slaughter plants closed: Tyson- Waterloo and Logansport; Smithfield- Sioux Falls; JBS- Worthington. Roughly combined 80,000 head per...
Jim Long, President and CEO Genesus Genetics
To say last week was bad seems like an understatement. When you get to the spot to rationalising “It’s not that bad, I am not living in Syria”.
It appears for some reason lean...
Jim Long, President and CEO Genesus Genetics
Last week China’s Ministry of Agriculture announced that July’s pig inventory had shrunk 32.2% and sow inventory had decreased 31.9% from July a year ago. China had its first official break of African...
Jim Long, President and CEO Genesus Genetics
Last week we wrote about Hope being a pre-requisite to being a swine producer. Hope got a boost last Friday when it was announced that USA-China have agreed to a “phase one” trade...
Jim Long, President and CEO Genesus Genetics
Lean Hog futures continued to be the pox on our house, creating fear and financial calamity in the swine sector. April lean Hogs were 66.42 on March 24, on Friday April 3, they...
Jim Long, President and CEO Genesus Genetics
Last week the U.S. sold 60,200 metric tonnes of pork. The highest amount this year and the highest since early 2019. We expect the closing of German exports to Asia due to ASF...
Jim Long, President and CEO Genesus Genetics
We all can remember that the Swine Flu outbreak had nothing to do with Swine, but it certainly hurt pork demand. We have lived through Swine Flu, SARS, MERS, Y2K (all computers were...
Jim Long, President and CEO Genesus Genetics
Who would have thought on a week in November U.S. pork cut-outs would hit 90.12₵ lb. in the midst of record slaughter (last week 2,749,000).
Pork isn’t 90₵ because buyers want to pay more....