USA – Default

USA – Default

Jim Long, President and CEO Genesus Genetics The U.S. hog market has shown some life in the last week with lean hogs gaining about 5₵ lb., getting close to 60₵.  But what is there to say. Current prices mean a...
Jim Long, President and CEO Genesus Genetics   Sometimes it pays to look at where we are compared to a year ago.  National Daily Base Lean Hog Price -53-54% October 24, 2019_64.50 ¢ per lb. Oct 26, 2018_63.72 ¢ per lb. This past...
Jim Long, President and CEO Genesus Genetics For the second week in a row, U.S. market hog harvest was higher than a year ago. 2,457,000 vs. 2,439,000. We can only hope that U.S. plants can continue to ramp up production....
Jim Long, President and CEO Genesus Genetics African Swine Fever in Germany African Swine Fever continues to be found in Germany. Over 100 cases now. The loss of Asian markets and Covid plant closures are backing up hogs but the hog...
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 This past week, U.S. lean summer futures exceeded $1.00 a lb. They then fell Friday supposedly because of a “scare” that hogs won’t get slaughtered due to lack of labor. Latest weekly Iowa/S Minnesota...
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   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...
Jim Long, President and CEO Genesus Genetics Hog Markets Go Sideway This past week we saw continued lackluster movement in Cash Hogs and Pork Cut-Outs. Observations Packers buying hogs are losing money. This is tempering their desire to be further aggressors...
Jim Long, President and CEO Genesus Genetics Our first week, as we reported last week, was at Figan the major livestock exhibition in Spain. The second week we spent traveling to customers and prospects throughout Spain. Our observations: Many if not...
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