Jim Long, President and CEO Genesus Genetics
The March 1st U.S. Hogs and Pigs Report indicates fewer Breeding Pigs and Market Hogs.
Our observations:
Breeding Herd
Date
Year
1,000s head
Dec 1st
2019
6471
Dec 1st
2020
6276
March 1st
2021
6215
The U.S. breeding stock peaked at 6,471,000 on the Dec 1, 2019 inventory....
Jim Long, President and CEO Genesus Genetics
2020 was one of the most challenging if not the most challenging ever in the U.S. hog industry. The slowdown and closing of slaughter plants in the early parts of the pandemic collapsed...
Jim Long, President and CEO Genesus Genetics
Successful Farming yearly does a list of the Top 40 swine producers in the U.S. It’s a regional survey compared to the Global Mega Producer list that Genesus sponsors which covers the world.
What...
Jim Long, President and CEO Genesus Genetics
U.S. Pork Cut-outs Continue to Strengthen
This past week we saw some improvement once again in pork cut-outs. A week ago, last Friday they were $68.95 while on Friday the pork cut-outs closed $71.19....
Jim Long, President and CEO Genesus Genetics
Go figure, less hogs leads to higher prices! For months we suggested lean hog prices would surpass 2021, seems we are on track.
Observations
U.S. Pork Cut-outs closed $1.0996 on Friday.
Year to date...
Jim Long, President and CEO Genesus Genetics
This past week, U.S. lean summer futures exceeded $1.00 a lb. They then fell Friday supposedly because of a “scare” that hogs won’t get slaughtered due to lack of labor.
Latest weekly Iowa/S Minnesota...
Jim Long, President and CEO Genesus Genetics
Markets were rocked by Geopolitical issues this past week. Lean Hog Futures declined. Corn – Soybeans jumped. Oil – Gas jumped. Stock markets fell.
Our Observations
Despite Lean Hog Futures falling near $5, Friday...
Jim Long, President and CEO Genesus Genetics
Our first week, as we reported last week, was at Figan the major livestock exhibition in Spain. The second week we spent traveling to customers and prospects throughout Spain. Our observations:
Many if not...
Jim Long, President and CEO Genesus Genetics
The U.S. hog slaughter last week was over 2.7 million head, about the same as a year ago. Despite this big number U.S. pork cut-outs stayed in the mid 80’s (84.06¢ Friday). We...
Jim Long, President and CEO Genesus Genetics
The September 1st USDA Hogs and Pigs Report projected 1% fewer Hogs in the 120 lb. and over weight category. Actual slaughter has been less than the 1% projected. In our estimation, in...