Jim Long, President and CEO Genesus Genetics
Last week U.S. Pork Packers started to recover some production capacity lost to Coronavirus plant issues.
Weekly Harvests totals:
Week of May 1st - 1.553 million
Week of May 8th - 1.775 million
Week of...
Jim Long, President and CEO Genesus Genetics
Last week U.S. Pork Packers started to recover some production capacity lost to Coronavirus plant issues.
U.S. 2-day Harvest - Friday (May 8th) and Saturday (May 9th):
Last week - 554,000;
Prior week - 403,000;
...
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
Bad news seems to be becoming worse news. Below some observations:
At the time of writing, hog slaughter plants closed: Tyson- Waterloo and Logansport; Smithfield- Sioux Falls; JBS- Worthington. Roughly combined 80,000 head per...
Jim Long, President and CEO Genesus Genetics
The last great debacle the North American Industry had was in late 2008. Market Hogs got to 8₵ lb., too many Hogs for Packer Capacity, the price collapsed.
When the dust settled many of...
Jim Long, President and CEO Genesus Genetics
If Misery loves company, we have a real hootenanny* going.
(*Scottish word, meaning party)
The Utter Collapse of the U.S. and some other countries' pork markets is unprecedented. Coronavirus and what it has done to...
Jim Long, President and CEO Genesus Genetics
Lean Hog futures continued to be the pox on our house, creating fear and financial calamity in the swine sector. April lean Hogs were 66.42 on March 24, on Friday April 3, they...
Jim Long, President and CEO Genesus Genetics
U.S. Sow Herd Liquidation
The U.S. Sow herd certainly showed significant liquidation in the March 1st Hogs and Pigs Report.
On December 1st, 2019 the U.S.D.A. indicated the U.S. breeding herd was 6.471 million; 3 months...
Jim Long, President and CEO Genesus Genetics
Last week U.S. 53-54% lean hogs increased from 58.47 to 61.78 - $6.00 plus a head.
Last week USDA pork cut-outs went from 69₵ to 80₵ - $22.00 plus a head
Latest...
Jim Long, President and CEO Genesus Genetics
We have to scour for anything to write up about other than the Coronavirus. Not much we know, unlike TV news anchors who have become virus experts in the last few days. So...