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
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
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
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...