Jim Long, President and CEO Genesus Genetics
“Anyone can raise hogs. But it takes a near Genius to make money doing it.”
“Anyone can raise hogs. But it takes a near Genius to make money doing it.” - The quote attributed to...
Jim Long, President and CEO Genesus Genetics
The China Agriculture Industry and particularly the Swine Industry have been greatly affected by African Swine Fever (ASF) and now the implications of Coronavirus which has restricted people and transport movement. To say...
Jim Long, President and CEO Genesus Genetics
The Wild Gyrations in the lean hog futures are best illustrated by the following:
June Lean Hog Futures
January 23 88.175
January 31 75.625
February 7 81.555
The insane drop in a week of over $25 per head...
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
Every January the Iowa Pork Congress is held in Des Moines Iowa. It is the premier winter trade show in the United States and gets visitors from all across the country
The Iowa Pork...
Jim Long, President and CEO Genesus Genetics
Last week was Trade Deal week in the U.S.: with both USMEF* and China Phase 1 signed.
*USMEF is the new revised NAFTA between U.S., Mexico, and Canada.
For U.S. - Canada pork producers it...
Jim Long, President and CEO Genesus Genetics
U.S. hog slaughter continued unabated with 2,713,000 last week, jumping up from the two holiday-shortened weeks previous. We do expect weekly hog marketings to drop soon and/or hog weights to decline rapidly.
U.S. average...
Jim Long, President and CEO Genesus Genetics
Last Friday, lean hog futures decreased in some months the limit. The market story was primarily due to U.S. pork exports the week of Christmas, decreasing about 10,000 tonnes from the previous few...
Jim Long, President and CEO Genesus Genetics
Last week the U.S.D.A released the December 1st Hogs and Pigs Report.
DECEMBER 1st, 2019
(x1,000 head)
Item
2018
2019
2019 as % of 2018
Kept for Breeding
6,326
6,461
102
Market
68,475
70,877
103
MARKET HOGS BY WEIGHT GROUP
Under 50 pounds
21,858
22,128
101
50-119 pounds
19,369
19,696
102
120-179 pounds
14,323
14,976
105
180 pounds and over...
Jim Long, President and CEO Genesus Genetics
Christmas is almost here. North American pork producers are looking for some nice Christmas cheer in the Swine Market.
Our Christmas take:
Last week the U.S. slaughtered 2.810 million market hogs. A huge kill, but...