Jim Long Commentary

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Jim Long Pork Commentary, U.S. Hog Market Getting Stronger, February 21

  On October 21, April Lean Hog Futures were at $0.56/lb. Last Friday, April lean hog futures closed at $0.7075/lb. That’s over $30 USD per head increase. It’s about the difference between losing $15 per head to making $15 per head. It’s going in the right direction. The reason is very strong pork demand. High

Jim Long Pork Commentary, Bacon Shortage? February 13th 2017

Jim Long, President and CEO Genesus Genetics Over the last few years, the demand for Bacon in the North American market has greatly increased. Bacon on burgers, Bacon in all day breakfast programs such as McDonalds, Bacon on everything. What has that meant to US pork cut-outs? Below is some historical values.   As you

Jim Long Pork Commentary, China Market Update, February 6th 2017

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Jim Long, President and CEO Genesus Genetics China has been the big story in the Global Swine industry in 2016.The lower supply of pork in China led to large pork exports from E.U. and North America. It is obvious that the increase in China imports has been a panacea for the major pork exporting regions.

Jim Long Pork Commentary, Iowa Pork Congress Report, January 30th 2017

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Jim Long, President and CEO Genesus Genetics Last week, we attended the Iowa Pork Congress, held annually in Des Moines, Iowa. Iowa is the largest hog producing state and has been for decades. The Iowa Pork Congress is the largest of all state trade shows and has many exhibitors. This year, it appears attendance was

Jim Long Pork Commentary, U.S. Hog Market Continues Rebound, January 23rd 2017

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Jim Long, President and CEO Genesus Genetics In November, U.S. market hogs touched $0.45 lean/lb. By the end of last week, 53-54% lean hogs were $0.66/lb. A month ago and a year ago, they were $0.57. Pork demand is strong. The extra money producers are getting is stopping financial losses.   Minnesota Pork Congress  

Jim Long Pork Commentary, New Year Musings – Russia and USA, January 16th 2017

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Jim Long, President and CEO Genesus Genetics One of the interesting global factors in the pig industry is what’s going on in Russia, and how this will affect the markets.   Russia Current market price is 113 rubles a kilogram, or $0.86 USD/lb liveweight (about $215 USD per market hog). Feed costs vary by region

Jim Long Pork Commentary, Global Market Thoughts! January 9th 2017

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Jim Long, President and CEO Genesus Genetics It’s the New Year and we are thinking about the China swine markets and how it will affect us.   China – current price: 17.51 CNY/kg liveweight (U.S. $1.14/ lb liveweight)   China’s producers continue to be in the black, black, black. The market hog price of $1.14

Jim Long Pork Commentary, Lean Hog Futures increase despite negative Hogs and Pigs Report, January 2nd 2017

Jim Long, President and CEO Genesus Genetics fter last weeks December Hogs and Pigs Report that indicated the U.S breeding herd and Market hog & inventories were up beyond any expectation year over year (Breeding +1% – Market +4%).  It is surprising that lean hog futures went up over $2.00 this past week.  This market

Jim Long Pork Commentary, December 1 USDA Hogs and Pigs Report Its Raining Pigs!, December 26 2016

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The December 1st Quarterly USDA Hogs and Pigs Report surprised us with not only the growth of the breeding herd but also the size of market inventory.     Market hogs and pigs by weight group       We didn’t expect such a jump in pig numbers, as did the average of all of

Jim Long Pork Commentary, Is There a Santa Claus? U.S. Hog Farmers Hope So, December 20th 2016

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Jim Long, President and CEO Genesus Genetics U.S. hog prices, lean hog futures, and small pig prices continue a rapid rebound heading towards Christmas. Santa Claus has come early for American hog producers.   Cash lean hogs have jumped $20 per head in the last four weeks, now $0.57/lb U.S. cash early weans were down

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