Jim Long Pork Commentary, NPIC Conference, July 9th 2019

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Jim Long, President and CEO Genesus Genetics

On Monday we spoke at the National Pork Industry Conference (NPIC) in Wisconsin Dells, Wisconsin, U.S.A. There are about 960 registered at the conference. We spoke about Global Hog Markets.
Our premise is that right now the USA-Canada market depends on when and if China begins large shipments of pork to China.

In Our talk we pointed out why we know and pay attention to China. Genesus in the last three years has exported more than 35% of all breeding stock shipped to China from anywhere in the world.
It’s follow the money trail. It’s our vested interest to pay attention to when the massive airlift will begin to restock Chinas breeding herd. Currently we have several 747 shipments of breeding stock on hold until Chinas customs feel comfortable to import.

Quotes from Others on China ASF situation

“Our budget is down 4 million hogs for this year due to ASF” – very big China Producer-Owner

“We had 70,000 sows, now 30,000. We are in feed business. We just had conference call with many other Chinese feed companies. Feed production down 60%.” – Owner-Producer

“With government inspecting and testing storage stocks for ASF beginning July 1, storage is being emptied.”– Producer-Packer

“We had 15,000 sows, now we have none!” – Producer

“Had 60,000 sows in North-East now 6,000.” – Producer

“There will be little increase in chicken production short term. There are no breeders. Breeders have not been expanded last 2 years.” – large chicken producer

“Province had 1.6 million sows, now there are 160,000.” – Vaccine Plasma Rep

“I expect market hogs will reach 30 rmb kg ($2.00 U.S. LB.) liveweight – Owner-Producer

“We don’t think the hog price will exceed 23 rmb kg, ($1.50 U.S. LB.) liveweight as the government will bring in pork imports to try to hold price lower.”

Hog prices in U.S. and Canada are under siege, it’s discouraging and financially hurting.
Maybe, we are the boy that see’s the Pony in the Manure Pile. Maybe, but we can’t ignore what we hear and see!

NPIC 2019, Wisconsin Dells, USA

Guest Speaker- Jim Long President-CEO- Genesus Inc.

Speaking about African Swine Fever (ASF) China crisis and its anticipated impact on Global Markets.

Announcement

Dan Sutherland Joins Genesus

Genesus is pleased to announce that Dan Sutherland is joining our team as Director of Pork Supply Chain Development.

Dan joins Genesus following a thirty-five-year career as Director of Procurement with Johnsonville Sausage during which time he was responsible for the following:

•    Livestock Purchase of World’s largest Sow Harvest
•    Hide and Rendering Sales
•    Outside Contact with Industry Related Groups
•    Fresh Meat Purchase and all Value-Added Sales
•    Plant Management for Harvest Plant
•    Strategy Team Member
•    Procuring 2 Harvest/Processing facilities to accommodate growth
•    Managing Co-Pack function to accommodate growth
•    Researching and making Recommendations on Foreign Growth in 4 Continents
•    While at Johnsonville Dan served as President of NPPC’S Packer Producer Industry Council

We know that Dan’s extensive experience and knowledge gained at Johnsonville Sausage, an innovative record-breaking branding organization, will bring valued skills and resources to Genesus as we continue on our focus to produce breeding stock at a competitive cost of production that provides pork with the best taste, flavor and eating experience for consumers.

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Jim Long Pork Commentary

www.genesus.com

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