Jim Long, President and CEO Genesus Genetics
Last week we attended the Mid-West Swine Conference that was held in Danville Indiana, just west of Indianapolis.
Our Report:
Producers in General are less than enthusiastic. Losing money as most producers are is...
Jim Long, President and CEO Genesus Genetics
Who would have thought on a week in November U.S. pork cut-outs would hit 90.12₵ lb. in the midst of record slaughter (last week 2,749,000).
Pork isn’t 90₵ because buyers want to pay more....
Jim Long, President and CEO Genesus Genetics
Last June China stopped purchasing Canadian Pork. Up to that time in 2019 China’s pork imports from Canada were 15% of total imports, Just below Spain and Germany at about 18-20% each.
The closure...
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
Some positive news for the U.S. pork industry is the increase in the Pork Exports and decrease in Pork imports in July.
Some Points:
China / including Hong Kong at 112.67 million pounds was...
Jim Long, President and CEO Genesus Genetics
Last week China’s Ministry of Agriculture announced that July’s pig inventory had shrunk 32.2% and sow inventory had decreased 31.9% from July a year ago. China had its first official break of African...
Jim Long, President and CEO Genesus Genetics
Last week was another topsy turvy week for the Swine Industry. Our observations.
Lean hogs average
Last Thursday 53-54% U.S. lean hogs averaged 82.84¢ lb. The week of July 20th they were 71¢ lb. a...
Jim Long, President and CEO Genesus Genetics
There was some life in the U.S. hog market last week with October Lean Hog Futures gaining $5.71. Pork carcass cut-outs closed Friday at $78.53, higher than its been for a while. Last...