Shenzhen Kingsino Technology Company Limited (002548.SZ) reported first quarter earnings on Wednesday. While revenue jumped 104% year-over-year, its net profit dropped 72% unexpectedly, due to huge loss incurred in Hog Futures trading.
Kingsino closed at RMB6.08 on Friday, down 4.1%....
Reprinted from:PigHealthToday.com
African swine fever (AFS) has not been diagnosed in the US, but many industry experts feel its arrival is inevitable. The disease has continued its steady, insidious spread in other parts of the world, but the fact that...
Bloomberg News reported on Tuesday that, “China imported a record amount of meat in March on supply concerns as hog herds in the world’s biggest pork consumer struggled to recover from African swine fever.
“Total imports, including offal, topped 1...
Highlights:
China’s cash hog price declines 25% since January amid low pork demand;
DCE hog futures is losing steam in a downward market;
Government, public firms and private surveys depict a vastly different hog market;
China’s impact on US...
LEAN HOGS:
Cash was sharply higher with the cutout slightly lower. Packer margins took a hit and they’re estimated to be only about $8 per head for open hogs. The vertically integrated hog guy is still making huge profits. The...
Jim Long, President and CEO Genesus Genetics
Last week the USDA released the inventory of Pork in Cold Storage at the end of October. A year ago 611 million pounds in cold storage, this year, 448 million pounds. A drop...
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...
Pork Commentary, November 4th, 2019
Jim Long, President-CEO, Genesus Inc.
Our sense is that the U.S.-Canada swine production sector is getting worn out by the markets and lack of profitability over the last couple years. The hog market has eaten producer...