Jim Long, President and CEO Genesus Genetics
Spain last week reached a record high in hog prices at 1.54 euro a kilogram liveweight (79₵ U.S. lb. liveweight). Its ability to push exports to China is really paying off.
Spain’s pork...
Jim Long, President and CEO Genesus Genetics
We all can remember that the Swine Flu outbreak had nothing to do with Swine, but it certainly hurt pork demand. We have lived through Swine Flu, SARS, MERS, Y2K (all computers were...
Jim Long, President and CEO Genesus Genetics
“Anyone can raise hogs. But it takes a near Genius to make money doing it.”
“Anyone can raise hogs. But it takes a near Genius to make money doing it.” - The quote attributed to...
Jim Long, President and CEO Genesus Genetics
The China Agriculture Industry and particularly the Swine Industry have been greatly affected by African Swine Fever (ASF) and now the implications of Coronavirus which has restricted people and transport movement. To say...
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
Every January the Iowa Pork Congress is held in Des Moines Iowa. It is the premier winter trade show in the United States and gets visitors from all across the country
The Iowa Pork...
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...