Even the trading players in the Lean Hog Futures are starting to realize that lean hogs have an upside in 2023. June hogs have risen from a contract low of 92.85 to a close last Friday of 104.875, a...
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This past week saw continued pressure on U.S. hog markets as Lean Hogs continue their drop from summer highs.
Some Observations
Last week’s slaughter was 2,243,000, almost the same as last year’s same week of 2,248,000. Year-to-date slaughter is...
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We have been writing for several months about the reality of Europe’s challenge of profitability in the swine sector and that has been leading to sow herd liquidation.
InterPIG, is an international group of economists that gather together physical and...
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This past week Lean Hog futures, pork cut-outs, and hog prices declined while corn and soybeans jumped higher. There is certainly not a week for joy in Hogville. Our observations:
We aren’t smart enough to understand the sudden decline...
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Last week saw lean hog futures plummet with the near-term months of October and December declining over $6.00. We have to say not sure why the big decline. Our observations:
Lean hog prices are strong, the National Lean hog...
Jim Long, President-CEO, Genesus inc.
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The latest Iowa - Southern Minnesota weights are reflecting quite a current hog inventory. In the first part of May, the weights were averaging 289 lbs. Last year same time they averaged 284 lbs. In...
Jim Long, President-CEO, Genesus inc.
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U.S. lean hog prices continue very strong with the National lean hog prices averaging $124.43 lb. last Friday.
U.S. pork carcass cut-outs also are strong last Friday at $1.25 lb.
As usual, the cuts with...
Jim Long, President and CEO Genesus Genetics
Last week the U.S. National Carcass price averaged $122 lb. U.S. Pork Cut-outs closed Friday at $127.34 lb. reflecting good demand relative to supply. Other observations:
U.S. hog slaughter last week was 2,291,000,...
Jim Long, President and CEO Genesus Genetics
U.S. National Price - $1.18 lb. carcass.
China 22.73 RMB/kg = $1.52 U.S. liveweight a lb. x 280 lb. pig = $425. Current China isowean $98.
Spain – highest price in their...
Jim Long, President and CEO Genesus Genetics
Last week we attended the National Pork Industry Conference (NPIC) in Wisconsin Dells, Wisconsin at the Kalahari Resort. Our Report:
Attendance was around 900 with a cross-section of industry and producers.
Genesus was...