Jim Long, President and CEO Genesus Genetics
Last June China stopped purchasing Canadian Pork. Up to that time in 2019 China’s pork imports from Canada were 15% of total imports, Just below Spain and Germany at about 18-20% each.
The closure...
Pork Commentary, November 4th, 2019
Jim Long, President-CEO, Genesus Inc.
Our sense is that the U.S.-Canada swine production sector is getting worn out by the markets and lack of profitability over the last couple years. The hog market has eaten producer...
Jim Long, President and CEO Genesus Genetics
Sometimes it pays to look at where we are compared to a year ago.
National Daily Base Lean Hog Price -53-54%
October 24, 2019_64.50 ¢ per lb.
Oct 26, 2018_63.72 ¢ per lb.
This past...
Jim Long, President and CEO Genesus Genetics
U.S. Pork Export Sales soared last week with 351,000 metric tons purchased. Of that number 152,600 tonnes were by China combined with the week before’s 142,200.
China purchased 294,800 metric tonnes the last two...
Jim Long, President and CEO Genesus Genetics
Last week we wrote about Hope being a pre-requisite to being a swine producer. Hope got a boost last Friday when it was announced that USA-China have agreed to a “phase one” trade...
Jim Long, President and CEO Genesus Genetics
The U.S. hog market has shown some life in the last week with lean hogs gaining about 5₵ lb., getting close to 60₵. But what is there to say. Current prices mean a...
Jim Long, President and CEO Genesus Genetics
September 1st U.S.D.A Hogs and Pigs Report
More Pigs Than Ever
September 1st (x 1,000 head)
The U.S.D.A. inventory of market hogs on September 1st has set a new record for market hogs in U.S. inventory. The...
Jim Long, President and CEO Genesus Genetics
Last week we attended and exhibited at the VIV-China.
Take home message- If you have pigs in China, Prices are very Good!
13 lb. isowean: 1100 rmb or $150 U.S.
36 lb. feeder pig:...
Jim Long, President and CEO Genesus Genetics
Last Monday, December Lean Hog Futures were 59.72₵ lb. On Friday, 5 days later, they closed at 68.70₵ lb. That’s a 9₵ lb. increase or about $20 per head in 5 days.
It’s a...
Jim Long, President and CEO Genesus Genetics
Some positive news for the U.S. pork industry is the increase in the Pork Exports and decrease in Pork imports in July.
Some Points:
China / including Hong Kong at 112.67 million pounds was...