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....
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...