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)
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)
Recording Click this link to download/play recording in MP3 format. Transcript Hog futures opened higher only to turn lower as some traders took profits after a nearly 3% rise in the spot-month contract in the past week. Also pressuring the... (Continue reading)
Prepared by Phoenix AgriTec Inc The week began with pressure in lean hog futures due to sharp gains in the grain complex Monday and a large drop in pork cutout the Friday prior. Surging cash prices propelled lean hogs throughout... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Last week the National US lean hog price increased 5.5¢/lb. or about $11.00 per head to the better ($80.40 – $85.93 53-54% lean). The right direction for sure. Some lean hogs were trading... (Continue reading)
Recording Click this link to download/play recording in MP3 format. Transcript Hog futures are trading lower as traders digest another year-over-year drop in US pork exports in March. Exports of US pork declined 18% in sales and volume in March,... (Continue reading)
By Jim Long, President and CEO Genesus Genetics A China Visit This past week we were with Chinese pork Industry people. As China is a key export market for USA/Canada pork we believe the state of the Chinese Industry is quite... (Continue reading)
Prepared by Phoenix AgriTec Inc Lean hog futures were mixed last week, with sharp losses on Monday, gains the middle of the week, and mixed prices at the end. Outside markets took a hit on Monday, when China released very... (Continue reading)
By Jim Long, President and CEO Genesus Genetics Everyday we are asked if the US-Canada hog market has room for a run higher this year. We always answer yes. We understand the near anguish of the questioner. The losses of the... (Continue reading)
Market Commentary: Friday, April 19/13 Recording Click this link to download/play recording in MP3 format. Transcript Hog futures are trading lower in all months, pressured by profit-taking after a modest run-up this week. June is trading at a seasonally normal... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The following are some observations: US & Canada Corn crop planting is being delayed by cool weather and moisture. Widespread rain and snow in many areas including the driest area of the western... (Continue reading)
Recording Click this link to download/play recording in MP3 format. Transcript Hog futures are trading mostly lower as traders weigh expectations for a modest increase in pork production with sentiment that pork demand is due to rise. The deferred contracts... (Continue reading)
By Jim Long, President and CEO Genesus Genetics The USDA released its March 1st Hogs and Pigs Report ten days ago. We were in Estonia at the time and did not see the report until our return. Below our observations: March... (Continue reading)