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
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...