Jim Long, President and CEO Genesus Genetics
Last Friday U.S. Lean Hog Futures reached new contract highs from May to May. A sign that future traders have now realized the huge decrease in pork production is a reality.
June 2022 Lean...
Jim Long, President and CEO Genesus Genetics
We have been commenting for several months about European record low sow cull prices, low feeder pig prices, and low slaughter hog prices. All leading to massive losses throughout when coupled with high...
This past week U.S. Cash Lean Hogs stayed strong with Iowa – S. Minnesota averaging $106.15 a lb. We expect lean hog prices to continue to rise as supply declines. Lean Hog Futures for June closed at $118.17 last...
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
Last week we attended the Illinois Pork Expo held in Springfield, Illinois. Our observations.
Illinois is the third-largest U.S. state with sows of 590,000. Iowa and North Carolina are first and second in sow...
U.S. Lean Hog Price – Up, Up, Up
Jim Long, President and CEO Genesus Genetics
The reality of the market tells the story.
Iowa – Southern Minnesota Lean Hog Prices
February 16, 2021
69.71
February 21, 2022
97.61
Lean hog prices up 28 from a year ago...
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
Last week lean hog futures reached $1.10 lb. Friday, June – July months closed over $1.09 lb. It’s been inevitable that the lean hog price would go higher up 20¢ lb. from the...
Jim Long, President and CEO Genesus Genetics
Our Observations
As usual, well-organized event, a reflection of the professionalism of the organizers.
We observed fewer attendees than in past years. Probably a reflection of Covid issues and maybe biosecurity concerns related to PRRS...
Jim Long, President and CEO Genesus Genetics
It appears U.S. lean hog futures are finally moving closer to the reality that will be the spring-summer prices of 2022. For several weeks we have been speaking to the fact that from...