Jim Long Commentary

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Jim Long Pork Commentary, Brazil – Glass House Syndrome, March 26 2017

Jim Long, President and CEO Genesus Genetics The Brazil Meat Scandal is a big deal in Brazil and has global ramifications.   The gist of the event is that allegedly some meat packers in Brazil bribed food sanitation inspectors to approve sales to domestic and foreign buyers.   The same allegations include details of smelling

Jim Long Pork Commentary, U.S. Market Update, March 20th 2017

Jim Long, President and CEO Genesus Genetics The U.S. lean hog price is flat lining over the last couple weeks, hovering around $0.71/lb for 53-54% lean hogs.   Other Observations Iowa-Minnesota Average Hog Weight a week ago 281.9 lbs liveweight, down 1.5 lbs from a year ago (283.4 lbs). Tells us hogs are moving about

Jim Long Pork Commentary, United States and Canada Inventory Up 3% March 13th 2017

Jim Long, President and CEO Genesus Genetics Twice a year, the United and Canadian Swine Inventories are combined together. It is a significant number, as the two countries are in essence one large inventory and production base. It’s a virtually integrated continental market. Last week, the latest report was released.   United States and Canadian

Jim Long Pork Commentary, European Swine Inventory, March 6th 2017

Jim Long, President and CEO Genesus Genetics   Last week, Eurostat released inventories of the breeding herd and pigs in inventory in the 28 countries in the European Union.   The latest E.U. census shows a fall of the EU pig population of 1.0% to 147.3 million and a drop of 1.6% of the sow

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, U.S.D.A Pork in Storage Report, February 27th 2017

Jim Long, President and CEO Genesus Genetics Record Low Belly Inventory   Last week, the USDA reported the inventory of pork bellies at the end of January at 14,014 (1,000 pounds), the lowest amount recorded since records began in 1957. This is down significantly from a year ago, when it was 60,698 (1,000 pounds). Record

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

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

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

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  

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