Jim Long, President and CEO Genesus Genetics
The March 1st U.S. Hogs and Pigs Report indicates fewer Breeding Pigs and Market Hogs.
Our observations:
Breeding Herd
Date
Year
1,000s head
Dec 1st
2019
6471
Dec 1st
2020
6276
March 1st
2021
6215
The U.S. breeding stock peaked at 6,471,000 on the Dec 1, 2019 inventory....
Jim Long, President and CEO Genesus Genetics
We are at a New Year. Like most in our industry, we are optimistic. Our industry has by its very nature evolved into a collection of optimistic participants. We are all the survivors...
Jim Long, President and CEO Genesus Genetics
2020 was one of the most challenging if not the most challenging ever in the U.S. hog industry. The slowdown and closing of slaughter plants in the early parts of the pandemic collapsed...
The Canadian pig genetics company Alliance Genetics Canada and the Danish pig genetics company DanBred have entered into a valuable collaboration to establish DanBred Canada.
The same trusted partner you already know, but now with more than 120 years of...
Jim Long, President and CEO Genesus Genetics
We have been commenting for several months about European record low sow cull prices, low feeder pig prices, and low slaughter hog prices. All leading to massive losses throughout when coupled with high...
Jim Long, President and CEO Genesus Genetics
U.S. slaughter weights continue to decrease. A week ago Iowa/South Minnesota live weight market hogs were 283.9 lbs., down 2.5 lbs. from two weeks before. A year ago, during pandemic, backed up hogs...
This past week U.S. Cash Lean Hogs stayed strong with Iowa – S. Minnesota averaging $106.15 a lb. We expect lean hog prices to continue to rise as supply declines. Lean Hog Futures for June closed at $118.17 last...
Jim Long, President and CEO Genesus Genetics
Everyday we hear about new PRRS breaks. The latest is that 4 - 6,000 sow units being depopulated. It appears PRRS 144 is ripping through Midwest. Some PRRS serotypes you can shut down...
Jim Long, President and CEO Genesus Genetics
Go figure, less hogs leads to higher prices! For months we suggested lean hog prices would surpass 2021, seems we are on track.
Observations
U.S. Pork Cut-outs closed $1.0996 on Friday.
Year to date...
Jim Long, President and CEO Genesus Genetics
As our readers know, we spent a couple weeks in Spain, the world’s third-largest sow herd country. At the time we wrote about the big drop in hog prices and thought major herd...