Jim Long, President and CEO Genesus Genetics
Our Observations:
U.S. hog slaughter last week 2,444,000 - a year ago 2,653,000. Down 8% year-over-year. USDA projected 2% year-over-year decline in June 1st USDA Hogs and Pigs Report. U.S. slaughter since the first...
Jim Long, President and CEO Genesus Genetics
As of August 15, 2021, USDA website shows payments of CFAP 1 Total Disbursed.
Cattle
$4.37 billion
Milk
$1.79 billion
Corn
$1.78 billion
Hogs
$ 624 million
Cattle, Milk, Corn, have all been paid the USDA promised CFAP 1 top-up. The hog...
Jim Long, President and CEO Genesus Genetics
The last few days we have read commentaries from pundits and future trading houses of big concern on pork demand. This is of course due to some of their vested interest to drive...
Jim Long, President and CEO Genesus Genetics
Last week the U.S. marketed 2,327,000 market hogs, a year ago same week 2,559,000. That’s close to 10% less! In the last five weeks numbers have been close to 10% lower. Anyone keeping...
Jim Long, President and CEO Genesus Genetics
U.S. Slaughter Numbers Keep Low
This past week U.S. slaughter numbers came in 210,000 head less than a year ago. The fourth week in a row that U.S. slaughter has been considerably lower year...
Jim Long, President and CEO Genesus Genetics
Some Observations:
Weighted Average National lean price stays strong at $1.07 a lb.
U.S. Pork cut-outs last Friday closed at $1.22 indicating strong demand.
Hog slaughter, surprise surprise, seems to be running lower...
Jim Long, President and CEO Genesus Genetics
Last week we attended the National Pork Industry Conference (NPIC) in Wisconsin. About 900 attendees from the USA. A good cross-section of producers and industry. NPIC event was well organized and the Kalahari...
Jim Long, President and CEO Genesus Genetics
Today we are on the way to the National Pork Industry Conference (NPIC) in Wisconsin Dells, Wisconsin. It’s a major annual swine industry event with close to 1,000 participants. Tonight, Genesus will hold...
Jim Long, President and CEO Genesus Genetics
Everyday we hear about new PRRS breaks. The latest is that 4 - 6,000 sow units being depopulated. It appears PRRS 144 is ripping through Midwest. Some PRRS serotypes you can shut down...
Jim Long, President and CEO Genesus Genetics
June USDA Hogs and Pigs Report
In our opinion the June USDA Hogs and Pigs Report is snapshot of inventory that continues to overestimate the number of sows and hogs in inventory.
USDA Hogs...