Jim Long, President and CEO Genesus Genetics   Last week was Trade Deal week in the U.S.: with both USMEF* and China Phase 1 signed. *USMEF is the new revised NAFTA between U.S., Mexico, and Canada. For U.S. - Canada pork producers it...
Jim Long, President and CEO Genesus Genetics   Last Friday, lean hog futures decreased in some months the limit.  The market story was primarily due to U.S. pork exports the week of Christmas, decreasing about 10,000 tonnes from the previous few...
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...
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