Jim Long, President and CEO Genesus Genetics
This past week, after the World Pork Expo, we have travelled around the Western Midwest (Iowa – Nebraska – Kansas – Colorado – Minnesota). After 15 months in Canada's Covid locked-down it is...
Jim Long, President and CEO Genesus Genetics
Last week the World Pork Expo (WPX) was held in Des Moines, Iowa. The first time it was held in three years. Cancelled in 2019 due to fear of African Swine Fever. Cancelled...
Jim Long, President and CEO Genesus Genetics
In conjunction with the World Pork Expo, today Genesus announces the 2021 WORLD MEGA PRODUCER
The 2021 World Mega Producer list clearly indicates the Rise of China, with an increase of almost five...
Jim Long, President and CEO Genesus Genetics
Lean Hog Futures June, July, August and October reached new contract highs last Friday.
June - $117
July - $119
August - $116
October - $94
Long ways from the prediction of the...
Jim Long, President and CEO Genesus Genetics
Last Friday U.S. Pork Cut-out value closed at $1.2086 /lb. First time we have gone over $1.20 in several years, a real reflection of strong domestic and export demand for Pork. Also last...
Jim Long, President and CEO Genesus Genetics
U.S. slaughter weights continue to decrease. A week ago Iowa/South Minnesota live weight market hogs were 283.9 lbs., down 2.5 lbs. from two weeks before. A year ago, during pandemic, backed up hogs...
Jim Long, President and CEO Genesus Genetics
March U.S. Pork Exports were record large at 294,724 metric tonnes (mt), up 1% from last year and set a new value record at $794.9 million (up 4%). A true reflection of the...
Jim Long, President and CEO Genesus Genetics
Harsh reality or the inconvenient truth is a factor in many of our lives. In the swine industry we have the stories of productivity. Seems no one has less than 25 pigs per...
Jim Long, President and CEO Genesus Genetics
Last week Lean Hogs increased from $103.0₵ / lb. to $106.5₵ / lb. There appears to be a relentless ongoing price increase driven by tight supplies and good demand.
Our Observations
Weekly slaughter last week...
Jim Long, President and CEO Genesus Genetics
Lean Hog Futures Tumble!
This past week we saw a major adjustment down on the Lean Hog Futures Market. Summer futures declined about $7.00. A drop of about $14.00 per head.
Our Observations
Cash lean...