There are three drivers influencing cost of production today; facilities, weaned pigs and feed, with feed cost accounting for over 60% of the total cost of production. In the last 90 days, we have seen feed cost per pig...
Jim Long, President and CEO Genesus Genetics
2020 was one of the most challenging if not the most challenging ever in the U.S. hog industry. The slowdown and closing of slaughter plants in the early parts of the pandemic collapsed...
Jim Long, President and CEO Genesus Genetics
The National Pork Industry Conference (NPIC) was held last week as a virtual event. Not an ideal way to do conferences as the huge benefit of personal interaction is missed. Fortunately, the NPIC...
Jim Long, President and CEO Genesus Genetics
The U.S harvested 1,545,000 hogs last week. At least 1 million heads less then it should have. No doubt a real calamity. Too many packing plants closed and others not running at full capacity....
Jim Long, President and CEO Genesus Genetics
The Wild Gyrations in the lean hog futures are best illustrated by the following:
June Lean Hog Futures
January 23 88.175
January 31 75.625
February 7 81.555
The insane drop in a week of over $25 per head...
Jim Long, President and CEO Genesus Genetics
To say last week was bad seems like an understatement. When you get to the spot to rationalising “It’s not that bad, I am not living in Syria”.
It appears for some reason lean...
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
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....
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 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:...