Jim Long, President and CEO Genesus Genetics
The U.S. hog market has shown some life in the last week with lean hogs gaining about 5₵ lb., getting close to 60₵. But what is there to say. Current prices mean a...
Jim Long, President and CEO Genesus Genetics
September 1st U.S.D.A Hogs and Pigs Report
More Pigs Than Ever
September 1st (x 1,000 head)
The U.S.D.A. inventory of market hogs on September 1st has set a new record for market hogs in U.S. inventory. The...
Jim Long, President and CEO Genesus Genetics
Last week we attended and exhibited at the VIV-China.
Take home message- If you have pigs in China, Prices are very Good!
13 lb. isowean: 1100 rmb or $150 U.S.
36 lb. feeder pig:...
Jim Long, President and CEO Genesus Genetics
Last Monday, December Lean Hog Futures were 59.72₵ lb. On Friday, 5 days later, they closed at 68.70₵ lb. That’s a 9₵ lb. increase or about $20 per head in 5 days.
It’s a...
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
A year ago 53-54% U.S. market hogs were 44.60₵ lb. this year last week 69.62₵ lb. This year market hogs are bringing $50 more per head.
Last week U.S. cash feeder pigs averaged $37.02....
Jim Long, President and CEO Genesus Genetics
“I am an Optimist. It does not seem too much use being anything else.”
-Winston Churchill
The way things are going for us US-Canada Pork producers it is time to look for optimistic quotes. The...
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
The U.S. hog market continued a roller coaster year with a dramatic decline in lean hog futures last week. It’s been a chaotic year with dramatic ups and downs. It’s stressful. It’s baffling...
Jim Long, President and CEO Genesus Genetics
U.S. Hog Price Makes Strong Move
Last week the average 53-54% lean market hog in USA went from 71.79 to 77.96¢ lb. A 6¢ lb. increase or $12.00 per head. Certainly, going in the...