Jim Long, President and CEO Genesus Genetics
U.S. Hog Price Makes Strong Move
Last week the average 53-54% lean market hog in USA went from 71.79 to 77.96¢ lb. A 6¢ lb. increase or $12.00 per head. Certainly, going in the...
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...
Jim Long, President and CEO Genesus Genetics
This past week we participated in the National Pork Industry Conference (NPIC) held in Wisconsin Dells, Wisconsin. Our observations:
There were we understand about 950 registered. The group was a good cross section...
Jim Long, President and CEO Genesus Genetics
As we wrote last week Farrow to Finish Pig Producers are not having much joy!
Average losses are in $15-$20 per head range. The reality of the more hogs you have the more you...
Market Commentary: Friday, February 9/18
Recording
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Transcript
Hog futures are trading lower in all months. Moderate selling activity has developed at midday, breaking away from the mixed trade seen over the last two days. Prices...
Recording
Click this link to download/play recording in MP3 format.
Transcript
Hog futures are lower in all months but February, pressured by a light round of non-commercial selling. Commercial interests as a whole have moved to the sidelines, indicated by mixed futures spreads....
Recording
Click this link to download/play recording in MP3 format.
Transcript
Hog futures are trading lower in all months with traders focusing on the overall lack of buyer support willing to move into the market. There is growing support for market stability in...