Jim Long, President and CEO Genesus Genetics
Last week was another topsy turvy week for the Swine Industry. Our observations.
Lean hogs average
Last Thursday 53-54% U.S. lean hogs averaged 82.84¢ lb. The week of July 20th they were 71¢ lb. a...
Jim Long, President and CEO Genesus Genetics
The U.S. hog market continued a roller coaster year with a dramatic decline in lean hog futures last week. It’s been a chaotic year with dramatic ups and downs. It’s stressful. It’s baffling...
Jim Long, President and CEO Genesus Genetics
A month ago, the U.S. hog price had crawled up from the low 40’s to reach 57¢ lean a lb. If we had written we expected 53-54% lean hogs to be 76.52¢ lb....
Jim Long, President and CEO Genesus Genetics
U.S. Hog Price Makes Strong Move
Last week the average 53-54% lean market hog in USA went from 71.79 to 77.96¢ lb. A 6¢ lb. increase or $12.00 per head. Certainly, going in the...
Jim Long, President and CEO Genesus Genetics
Last week lean hog futures reached $1.10 lb. Friday, June – July months closed over $1.09 lb. It’s been inevitable that the lean hog price would go higher up 20¢ lb. from the...
Jim Long, President and CEO Genesus Genetics
One thing there seems to be an agreement on with people we talk to is the number of empty finishers in the U.S. Of course, there are no real statistics on this but...
Jim Long, President and CEO Genesus Genetics
As we wrote last week Farrow to Finish Pig Producers are not having much joy!
Average losses are in $15-$20 per head range. The reality of the more hogs you have the more you...
Jim Long, President and CEO Genesus Genetics
There was some life in the U.S. hog market last week with October Lean Hog Futures gaining $5.71. Pork carcass cut-outs closed Friday at $78.53, higher than its been for a while. Last...
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...
Recording
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Transcript
Hog futures are trading lower in all months with traders focusing on the overall lack of buyer support willing to move into the market. There is growing support for market stability in...
