Jim Long Commentary

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Jim Long Pork Commentary, Le PORCSHOW – Quebec, December 4th 2017

Jim Long, President and CEO Genesus Genetics Le PORCSHOW – Quebec   Last week we attended the Quebec PORCSHOW that was held in Quebec City. Over 1,000 people registered for the conference, expo and festivities.  We have travelled and attended Pork events all over the world; Le Porcshow, we have to say was one of

Jim Long Pork Commentary, Proposed New U.S Grade System, November 27th 2017

Jim Long, President and CEO Genesus Genetics he USDA has proposed a new pork grade system, where new categorises are proposed: Prime, Chioce and Select. An article on the Food Marketing Institute (FMI) Website by Rick Stein, Vice President of Fresh Foods FMI captures the essence of retailer’s desire to see a new grade system that

Jim Long Pork Commentary, November – Producers never do well, November 20th 2017

Jim Long, President and CEO Genesus Genetics This time of year, is never a good time for producers. Year after year this is the time of maximum seasonal hog numbers. This always results in lower hog prices. It is also usually the time packers, historically have the highest gross margins.   This year cash hog

Jim Long Pork Commentary, Europe, November 13th 2017

Jim Long, President and CEO Genesus Genetics For many years, North America has seen an influx of European swine genetic companies. Today Genesus stands as the last North American global swine genetic company. This in itself is mostly irrelevant as producers need to purchase their genetics based on profitability, not on the country they come

Jim Long Pork Commentary, U.S. Hog Market Continues Strong, November 6th 2017

Jim Long, President and CEO Genesus Genetics Another week of strong seasonal prices in the United States. 53-54% lean hogs 68¢ lb; a year ago, they were 50¢ lb. That’s almost $40 dollars per head higher! Who would have thought. A few weeks ago, when we wrote that lean hogs would stay above 55¢ lb

Jim Long Pork Commentary, Pork – Game Changer, October 30th 2017

Jim Long, President and CEO Genesus Genetics We were extremely happy this week, when we read the new proposed Standards for Grades of Pork Carcass from U.S.D.A. Why so happy? Finally, there is a proposed system that will properly recognise Pork taste and flavour attributes. The proposed system is based on marbling and colour.  

Jim Long Pork Commentary, US Cash Hog Prices Continue price surge, October 23rd 2017

Jim Long, President and CEO Genesus Genetics The October price miracle continues with cash hogs 53-54% lean jumping to 64.41c; up about $ 22 a head in the last two weeks. That $22 per head, has cut producers losses by that amount. There is no profit at current prices, but it has sure slowed down

Jim Long Pork Commentary, Hog Market shows Strength, October 16th 2017

Jim Long, President and CEO Genesus Genetics This past week the US hog price moved up, each and every day, going from 54c to 58c lean for 53-54% hogs. The real strength shows when compared to last year. Last year the US marketed 2,305,000 hogs in this weekly time frame, and hogs 53-54% lean were

Jim Long Pork Commentary, Russia Road Trip, October 10th 2017

Jim Long, President and CEO Genesus Genetics Last week we were in Russia, where we met customers, prospects and industry leaders. We also attended Golden Autumn. An event held annually in Moscow and a Russia celebration of agriculture and the harvest just completed. Was held at a large complex in downtown Moscow; the site was

Jim Long Pork Commentary, USDA Hogs and Pigs Report More Pigs! October 3rd 2017

Jim Long, President and CEO Genesus Genetics Last week the USDA released the September Hogs and Pigs Report. There were no surprises. There was expected of an increase in market inventory and there was 3% from last year.     The breeding herd is up 2% from last September, but what’s interesting is the breeding

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