Jim Long, President and CEO Genesus Genetics
The U.S. (Canada) needs continued pork exports to hold hog prices strong. Latest week report brought some good news: Pork Sales 45,700 metric tonnes (MT) - the highest week since May, led by...
Jim Long, President and CEO Genesus Genetics
U.S. slaughter last week 2,551,000; a year ago 2,694,000. That’s 5.5% less.
U.S. Iowa – S. Minnesota slaughter weights are 2 lbs. higher year over year.
Certainly, appears to us less hogs around. The USDA...
Jim Long, President and CEO Genesus Genetics
China's financial losses are high. We took the last quarterly reports of four publicly traded swine companies and then divided the amount to what they report as their sow numbers. The four companies...
Jim Long, President and CEO Genesus Genetics
As our readers know, we spent a couple weeks in Spain, the world’s third-largest sow herd country. At the time we wrote about the big drop in hog prices and thought major herd...
Jim Long, President and CEO Genesus Genetics
No Chicken
While we were in Spain it was interesting that there was virtually no chicken on restaurant menus. Seems to us a good plan.
U.S. Pork exports to Mexico continue at record pace.
Year...
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 USDA September Hogs and Pigs Report is Bullish. Why?
Year over year almost 3 million hogs less in inventory (-4%).
Year over year herd down 143,000 (-2%).
Year over year 119 lbs....
Jim Long, President and CEO Genesus Genetics
As I write, we are somewhere over the Atlantic heading to Spain. This week the Genesus team will exhibit at Figan Event in Zaragoza, Spain. Figan is a biannual swine conference and exhibition...
Jim Long, President and CEO Genesus Genetics
Last week lean hog futures decreased an average of $7 Friday to Friday. A big drop. Our observations:
USDA Predictions
Seems there are thoughts of significantly increased pork production in the coming months by USDA,...
Jim Long, President and CEO Genesus Genetics
Global Market Round-up
China
The hog price in China is 96¢ U.S. lb. (14.2 RMB/kg). Losses continue for China's pork producers. The Financial Times estimates that publicly owned swine companies have lost over...