Jim Long Commentary

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Jim Long Pork Commentary, US Hog Market Shows Some Rebound, April 23rd 2018

Jim Long, President and CEO Genesus Genetics   US Hog Market Shows Some Rebound Last week the US hog market showed some rebound, 53-54% lean hogs, going from 51.95¢ to 56.13¢. A year ago, 53-54% lean hogs were 59.99¢. Market seems to be next to terrible (losses $30 per head) But put in context of

Jim Long Pork Road Commentary Trip – Great Britain, Netherlands and Denmark, April 17th 2018

Jim Long, President and CEO Genesus Genetics Last week we visited Great Britain, Netherlands and Denmark. Our report.   Great Britain   We had been invited to speak to the producer owned marketing group named, Thames Valley Cambac. The group began 26 years ago, it now markets just under 3 million head per year to

Jim Long Pork Commentary, China Puts Tariffs on US Pork, April 9th 2018

Jim Long, President and CEO Genesus Genetics   Last week China put a 25% tariff an all US Pork that would be imported. Let’s look at US Pork Exports for February 2018 We calculate that China imported 8.5% of US pork exports in February. This percentage is relatively consistent to percentage of exports in the

Jim Long Pork Commentary, USDA March Hogs and Pig Report More Pigs. April 3rd 2018

Jim Long, President and CEO Genesus Genetics There is no doubt that the US continues to increase pig production. This is being accomplished by two things – more sows and increased productivity. March USDA Hogs and Pigs (x 1,000 head) With the increase in the breeding herd and more pigs per litter, the U.S. market

Jim Long Pork Commentary, Russia Road Trip, March 27th 2018

Jim Long, President and CEO Genesus Genetics Last week we spent in Russia. Arrived on the weekend in the midst of Russia elections. Sunday afternoon in Moscow, we were at Red Square, but it was closed due to elections. A lady walked by, asked if we were foreigners (maybe it was the Genesus coat?). She

Jim Long Pork Commentary, Some Market Observations, March 20th 2018

Jim Long, President and CEO Genesus Genetics Are US hog weights starting to go down?   Last week everyday, Monday toThursday, had lower weights then the week before. To get stronger hog prices we must get to lower weights and/or lower hog marketing numbers. We believe we are near the low price for winter-spring.  

Jim Long Pork Commentary, December United States and Canadian Hog Inventory Report, March 13th 2018

Jim Long, President and CEO Genesus Genetics   Pork Commentary, March 12, 2018 Jim Long, President-CEO, Genesus Inc December United States and Canadian Hog Inventory Report The USA-Canadian market is linked in many aspects: pork trades both ways, Canadian Feeder Pigs, market hogs, sows are sent from Canada to USA. Both countries chase similar export

Jim Long Pork Commentary, Global Market Prices, March 6th 2018

Jim Long, President and CEO Genesus Genetics   Global Market Prices This week we wish to look at some of the Global Market Prices. China Hog prices are still quite strong and quite profitable at 14.26 RMB/kg liveweight ($1.04 US/lb liveweight). Though there is much written about large scale new sow projects in China, the

Jim Long Pork Commentary, Ireland, February 27th 2018

Jim Long, President and CEO Genesus Genetics Ireland   This past week, had the opportunity to visit with Glennmarshal Sires of Northern Ireland.   Some background on Republic of Ireland and Northern Ireland pig production.   Republic of Ireland – 165,000 sows Northern Ireland – 40,000 sows      Irish pig population is dominated by

Jim Long Pork Commentary, US Hog Prices slide lower, February 20th 2018

Jim Long, President and CEO Genesus Genetics Over the last week US 53-54% lean hogs, decreased from 74.25c / lb to 71.63c / lb. In our mind this is mostly attributed to Pork Cut-Outs that declined from 82-83c/lb range, to 77-79c/lb last week. With the US Pork Cut-outs, at 77c last Friday and lean hogs

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