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USA – Default

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Jim Long Commentary

info@genesus.com Market Rising The U.S. hog market is showing rapid upside. An indication of declining supply and rising demand is the cash 40 lb. feeder pig price. Last week cash 40 lb. feeder pigs averaged $103.01, in January they were $47,...
info@genesus.com The U.S. hog market climbed all last week. This in the face of a USDA Hogs and Pigs Inventory Report that indicates expansion in the sow herd last quarter and more pigs in inventory year over year. It appears...
info@genesus.com China is by far the largest hog producer and pork importing country in the world. Consequently, China’s production levels will always have a rippling effect on much of our global industry. Over the last several months the China swine industry...
info@genesus.com For two weeks in a row U.S. hog slaughter has been below a year ago (-1%). Our expectation has been sow reduction began in earnest last May. If correct the results of liquidation should begin to show up about...
info@genesus.com Twice a year the USA – Canada swine inventory is reported for January 1 and July 1. We are in a continental market and the combined inventory reflect supply in a free trade zone. Observations The USA – Canada Breeding Herd...
info@genesus.com The U.S. market continues to show signs of strengthening. A welcome sign for an industry devastated by losses that were unprecedented. Some positive indicators. Average Hog Price received last Thursday on 236,977 head was 81.73¢ lb. up from high...
info@genesus.com There is market momentum that will finally lead to profits in our industry. Why? Lean Hog Futures – reaching $1.00 plus lb. in July. Corn – U.S. National Cash Corn average $3.80 a bushel. Lowest in four plus years. Down from...
info@genesus.com Last week the U.S. exported 75,910 metric tonnes of Pork. This is the largest amount on record. Year to date U.S. exports up 30% - Big increases year to date with Australia up 471%, China +69%, Colombia +71%, South...
info@genesus.com If you own hogs last while you were inflicted with high feed prices. As the saying goes, “The cure to high prices, is high prices”. Cash corn reached $8.00 a bushel in this corn cycle; much was sold in...
info@genesus.com The canary in the coal mine in the hog industry is small pig and feeder pig prices. This past week the 40 lb. cash feeder pig average price in the U.S. was $57.32. The highest it has been since mid-April...
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