USA – Default

USA – Default

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 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 Last week Lean Hogs increased from $103.0₵ / lb. to $106.5₵ / lb. There appears to be a relentless ongoing price increase driven by tight supplies and good demand. Our Observations Weekly slaughter last week...
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 No Chicken While we were in Spain it was interesting that there was virtually no chicken on restaurant menus. Seems to us a good plan. U.S. Pork exports to Mexico continue at record pace. Year...
Jim Long, President and CEO Genesus Genetics   USDA December 1 Hogs and Pigs Report (1,000 head) December 1 2019 2020 2020 as percent of 2019 Kept for Breeding 6,471 6,276 97 Market 71,757 71,226 99 Market Hogs and Pigs by weight groups Under 50 pounds 22,048 21,739 99 50-119 pounds 20,648 20,260 98 120-179 pounds 15,256 15,246 100 180 pounds and over 13,816 13,980 101 Fig Crop 71,829 71,030 99 Dec 2019-Nov2020 (12-Months) (1,000 head) Sows...
Source: The Press Canadian meat processor Olymel announced Thursday it will close its pork processing plant on St-Jacques street in St-Hyacinthe in southwestern Quebec as part of an effort to restore profitability in its fresh pork business. The company said it...
Jim Long, President and CEO Genesus Genetics It appears U.S. lean hog futures are finally moving closer to the reality that will be the spring-summer prices of 2022. For several weeks we have been speaking to the fact that from...
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...
Jim Long, President and CEO Genesus Genetics Last week lean hog futures decreased an average of $7 Friday to Friday. A big drop. Our observations: USDA Predictions Seems there are thoughts of significantly increased pork production in the coming months by USDA,...
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