By Jim Long, President and CEO Genesus Genetics June Lean Hogs $103.30 June Lean Hog futures last Friday closed at $103.30 making a big run from $88 at the end of March (about $30 per head improvement). We had and have... (Continue reading)
Canadian Pork Exports – % Change in Quantity and Value for 2013 from 2012 – January to April 393,296 tonnes of pork exported in the first 4 months in 2013 Country Quantity Value % Share of 2013 United States... (Continue reading)
Lameness in sows is an emerging disease condition that affects animal welfare and economics. Researchers at the Institute of Agricultural and Fisheries Research, in Belgium wanted to study the impact of lameness and claw lesions on reproductive performance. A total... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week we attended the 25th World Pork Expo. Our observations: We have attended all 25 World Pork Expos. The industry has changed. The Expo has significantly fewer exhibits now compared to 25... (Continue reading)
Direct Excerpts from Hog Outlook, Ron Plain & Scott Brown, June 7, ‘13 http://agebb.missouri.edu/mkt/bull1c.htm Today, the Canadian government released a list of U.S. commodities for potential retaliation as part of the ongoing dispute over U.S. rules for country of origin... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Smithfield Foods Sale is a Real Game Changer Smithfield Foods has agreed to a $4.7 billion takeover by China’s Shuanghui International. Smithfield is the world’s largest pork producer. It had total sales of... (Continue reading)
Direct Excerpts from Daily Livestock Report, May 28, 2013, www.dailylivestockreport.com Hog slaughter in April was estimated at 9.361 million head, 6.1% higher than a year ago. The average daily hog slaughter at 425,523 head was 1.2% higher than a year... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week we spent in Russia, the following is our report: We attended and exhibited Genesus at VIV Moscow, a poultry and swine exhibit held every two years at the Crocus Convention Center... (Continue reading)
Direct Excerpts from Daily Livestock Report, May 23, 2013, www.dailylivestockreport.com The latest cold storage report did little to alleviate market’s concerns about the outlook for meat prices going into the summer months. The latest USDA survey indicated that as of... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The relentless push to higher cash hogs continues. Last week National lean hogs moved 3¢/lb. higher a further jump of $6.00 per head week over week. US Cash hogs are now $24.00 per... (Continue reading)
Direct Excerpts from USDA Livestock, Dairy, and Poultry Outlook, May 16, 2013, www.ers.usda.gov In Asia, U.S pork faced strong headwinds in Japan (exports down almost 9 percent). Slower Japanese demand likely derives largely from the 16.4-percent average first-quarter depreciation of... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Crop Wildcard A USDA report last Friday estimated the US corn crop at a record 14.14 billion bushels for this crop year. A yield of 158 bushels per acre and an estimated 97.3... (Continue reading)
Canadian Pork Exports – % change in Quantity and Value for 2013 from 2012 – January to March 294,541 tonnes of pork exported during the first three months in 2013 Country Quantity Value % Share of 2013 United States... (Continue reading)