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Jim Long Commentary

info@genesus.com Last week was the annual Iowa Pork Congress held in Des Moines. The largest of the state shows befitting the state with the most pigs in the U.S. Our Observations It appeared to us there were as many exhibitors...
info@genesus.com U.S. Annual Hog Slaughter Decline Last week the USDA published the actual hog slaughter for 2022. Barrow + Gilts (1,000 head) 2021 124,861.1 2022 121,314.1 Difference -3,547.0   Year over year the official U.S. Barrow and Gilt slaughter is down 3.547 million head. A big drop and one we...
info@genesus.com The December 1 USDA Hogs and Pigs Report indicated the market hog inventory at 66.966 million, a year ago 68.321 million. A 2% decrease year over year. After seeing the 2% decline in inventory it was a surprise to us...
info@genesus.com Last week it seemed the hog market had a holiday hangover. Shorter weeks of slaughter rarely seem to work for producers. This year was no exception. Lean Hog futures and cash prices all languished significantly. We expect as the...
info@genesus.com 2022 is over. Interesting year for global pig production. High feed prices all over the world minimized profits for pig production. In many areas, the high feed prices trumped hog prices leading to financial losses. Producers who grew their...
info@genesus.com The US December 1 Hogs and Pigs Report indicates an inventory smaller than a year ago, and significantly smaller than two years ago. December 1 (1,000 head)   2020 2021 2022 Market Hogs 71,266 68,321 66,966   There are 1.4 million fewer market hogs in inventory than last year and 4.3...
info@genesus.com Last week we attended the Prairie Livestock Expo held in Winnipeg, Manitoba. The defacto Pork Congress for the Manitoba Pork Industry. Our Observations The Manitoba hog industry has about 341,000 sows, with little change over the last five years. ...
info@genesus.com Last week we attended the Midwest Pork Conference held in Lebanon, Indiana. Organized by the Indiana Pork Producers Association it attracted producers and exhibitors from the state of Indiana, Ohio, Michigan, and Illinois. Our Observations As our industry consolidates there...
info@genesus.com Last week Lean Hog Futures dropped big time and then recovered the losses by Friday's close. When the dust settled July closed at $107.15 a new contract high. We believe July will be $1.20 plus before it goes off...
info@genesus.com Last week we were honored to be invited to speak at the Alberta Pork Annual General Meeting. Alberta Pork is the pork producer organization for the province. Our observations: The Annual General Meeting was well attended with 350 people...
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