By Jim Long, President and CEO Genesus Genetics The US-Canada Hog Market continues to face dauntingly negative margins with average losses farrow to finish of $35-$40 per head. The Facts The average US Base Lean Hogs 53-54% are at 76₵/lb. a... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The combined USA- Canada Swine Inventory for the end of 2013 shows little change from a year ago. USA – Canada Swine Inventory (Thousands) 2007 2011 2012 Kept for Breeding 7,712 7,022 7,025... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Lean Hog Price = Losses At the beginning of March the USDA National 53-54% lean hog price average was $87.09 a lb. and was moving close to the breakeven area in the low... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last Week the USDA released their expectations for the US corn and soybean crops in 2013. Corn 2013– USDA projects 14.53 billion bushels from 96.5 million acres planted and an average yield of... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Hog Market in Doldrums The US hog market appears to be mired in the doldrums. USDA carcass cut-outs averaged 80₵ last week while 53-54% USDA lean hog prices were 86.48₵. It is not... (Continue reading)
By Jim Long, President and CEO Genesus Genetics ast Friday the USDA released their estimates for the crops in Brazil-Argentina that have begun harvesting. More Corn – More Soybeans compared to a year ago. (Million metric tons) 2012-2013 2011-2012 Brazil Corn... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The US Hog industry should get a significant boost from the lack of cattle. January 1st Cattle Inventory 2013 89.3 million head – 2 per cent lower or 1.5 million head fewer than... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Three of the largest Hog Operations in Canada (Western Canada) have had major changes in ownership in the last few weeks. All in our opinion due to what was a broken business model. ... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Sterling Marketing of Vale, Oregon does a weekly calculation of farrow to finish profitability. The latest weekly calculation was a loss of $40.38 per head. Nasty, Nasty, Nasty. If correct, a loss for... (Continue reading)
By Jim Long, President and CEO Genesus Genetics This past week we attended Manitoba Hog Days, the annual conference and exhibition for Manitoba’s swine industry. Hog Day’s was held at the convention centre in Winnipeg this year. Our Observations · The... (Continue reading)
By Jim Long, President and CEO Genesus Genetics We have been reflecting on some of the ongoing genetics in the swine industry. Our observations: · When you look at the cold hard facts of feed costs relative to hog prices, it’s... (Continue reading)
By Jim Long, President and CEO Genesus Genetics It’s phenomenal the rapid surge in small pig prices. Cash USDA early weans averaged $8 in mid-September while cash 40lb feeder pigs were $15. Both prices were terrible leading to losses of $30-$40... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week we participated at Eurotier held in Hannover Germany. A massive show with well over 2,000 exhibitors for Swine, Cattle, Poultry, Feed and Bio-Energy. Our Observations: · The exhibition grounds in Hannover... (Continue reading)