Jim Long, President and CEO Genesus Genetics
Last week the U.S. slaughtered 2,407,000 hogs; a year ago the same week 2,644,000, a decrease of 237,000 (about 89% of same week 2021 number). From all reports we hear the US –...
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
We are at a New Year. Like most in our industry, we are optimistic. Our industry has by its very nature evolved into a collection of optimistic participants. We are all the survivors...
Jim Long, President and CEO Genesus Genetics
The USDA released its December 1st Hogs and Pigs Report last week. No surprise to us there continues to be fewer pigs year over year.
USDA December 1st
(x 1000 head)
2019
2020
2021
2021/2020
Kept for breeding
6471
6176
(6276)
6180
100%
Market
71,757
71,136
68,021
96%
Under 50 lbs
22,048
21,989
21,174
96%
50...
Jim Long, President and CEO Genesus Genetics
Last week’s U.S. slaughter was 2,645,000, a year ago 2.8 million. Down 5.8% in line with USDA projection of 6% fewer hogs.
Iowa – Minnesota
Slaughter weight (lbs)
12/11/2020
290.8
12/4/2021
291.8
12/12/2021
290.4
Weights lower than a year ago. Weights declined...
Jim Long, President and CEO Genesus Genetics
The USDA reported 6% less pigs in U.S. inventory under 120 lbs. on September 1st count. Those are the pigs that are going to market now 100 days later. Last week the U.S....
Jim Long, President and CEO Genesus Genetics
U.S. Pork Cut-outs last Friday closed at 81.47¢ lb., down to the lowest level for quite a while.
Last week's U.S. slaughter 2,667,000, down from a year ago 786,000 (-4%). U.S. slaughter continues to...
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...
Jim Long, President and CEO Genesus Genetics
U.S. Cash hog price is having trouble getting traction with the National Hog Price weighted average dipping below a year previously for the first time this year.
DTN calculates U.S. Packer Gross Margin. The...
Jim Long, President and CEO Genesus Genetics
On October 7th China’s average price hog price was 11.54 RMB/kg (83¢ U.S. lb.). Last week the average China price was 17.1 RMB/kg ($1.23 U.S. lb.). An increase of 40¢ lb. or $100...