Jim Long, President and CEO Genesus Genetics
Last week was Trade Deal week in the U.S.: with both USMEF* and China Phase 1 signed.
*USMEF is the new revised NAFTA between U.S., Mexico, and Canada.
For U.S. - Canada pork producers it...
Jim Long, President and CEO Genesus Genetics
U.S. hog slaughter continued unabated with 2,713,000 last week, jumping up from the two holiday-shortened weeks previous. We do expect weekly hog marketings to drop soon and/or hog weights to decline rapidly.
U.S. average...
Jim Long, President and CEO Genesus Genetics
Last Friday, lean hog futures decreased in some months the limit. The market story was primarily due to U.S. pork exports the week of Christmas, decreasing about 10,000 tonnes from the previous few...
Jim Long, President and CEO Genesus Genetics
Last week the U.S.D.A released the December 1st Hogs and Pigs Report.
DECEMBER 1st, 2019
(x1,000 head)
Item
2018
2019
2019 as % of 2018
Kept for Breeding
6,326
6,461
102
Market
68,475
70,877
103
MARKET HOGS BY WEIGHT GROUP
Under 50 pounds
21,858
22,128
101
50-119 pounds
19,369
19,696
102
120-179 pounds
14,323
14,976
105
180 pounds and over...
Jim Long, President and CEO Genesus Genetics
Christmas is almost here. North American pork producers are looking for some nice Christmas cheer in the Swine Market.
Our Christmas take:
Last week the U.S. slaughtered 2.810 million market hogs. A huge kill, but...
Jim Long, President and CEO Genesus Genetics
Last Friday China and the United States agreed to a phase 1 trade deal with lots of details. The main point for ag is the China commitment to purchase $50 billion in agriculture...
Jim Long, President and CEO Genesus Genetics
Last week we attended the Mid-West Swine Conference that was held in Danville Indiana, just west of Indianapolis.
Our Report:
Producers in General are less than enthusiastic. Losing money as most producers are is...
Jim Long, President and CEO Genesus Genetics
Last week the U.S. celebrated the Thanksgiving holiday. It is a holiday to give thanks but for pig producers it’s a time where hog prices plummet as seasonal maximum supply collides with holiday...
Jim Long, President and CEO Genesus Genetics
The last two weeks it’s like we have reached a tipping point in production misery. The words “Survival Mode” we have heard more than once.
Some things we have heard from different producers:
“When is this...
Jim Long, President and CEO Genesus Genetics
Who would have thought on a week in November U.S. pork cut-outs would hit 90.12₵ lb. in the midst of record slaughter (last week 2,749,000).
Pork isn’t 90₵ because buyers want to pay more....