Genesus Global Market Report China – October 2019

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Genesus Global Market Report

China – Oct. 2019

 Lyle L Jones, Director of Sales China

We are back in China this week to participate in the 8th Leman China Swine Conference & 2019 World Swine Industry Expo being held October 19-21, 2019 in Zhengzhou, Henan, China.

Swine experts from around the world will present the latest in the swine industry and share new developments in Swine Genetics, Pig Breeding, Swine disease prevention and much more.

Highlights of this year’s conference include in depth coverage of swine production, disease surveillance and control. Many presentations will be centered on ASF and how large scale production can manage and control the disease. It is expected that more than 5,000 participants shall be attending this year’s conference.

Market Information:

The latest data published by the Ministry of Agriculture of China shows that in September the pig census has dropped by 3% with respect to August and by 41.1% with respect to one year earlier.
The sow census has fallen by 2.8% with respect to August 2019 and by 38.9% in comparison with September 2018.

Both drops (in the pig and sow census) are greater than the ones seen in August, that were by 38.7% and 37.4%, respectively.

Slaughter weights are increasing as pig prices continue to rise. The National Average Slaughter Pig Price is now RMB 35.28/kg ($2.26/lb.) as shown in the graph below:

Thus, a 130kg (286lb.) slaughter pig is selling for a national average of RMB 35.28/kg ($2.26/lb.) in China. That’s RMB 4586 ($647.08) per head market hogs!

Observations:

Since there is a massive shortage of breeding pigs available in China many producers are retaining gilts back from their finishing floors to restock their breeding herds. There will be a significant loss of production efficiency and performance for sure, but this strategy is deemed to be better than empty barns and is keeping many producers in business.

Sows and pigs inventories continue to fall and market prices rise, but producers in China are adapting to “life with ASF” and implementing new strategies to deal with it.

Producers in China are very fortunate the Central Government and Provincial Governments are allocating significant resources in support of rebuilding the swine industry. Provincial governments are being given wide latitude in support of efforts in reaching those production targets. ASF is still a menace in China, but the Chinese producers are to be commended for their resilience and perseverance during these challenging times.

Pork Carcass Competition
in Lethbridge Alberta

Genesus customers win for 2nd year in row, 4 of the top 5 in Lethbridge Alberta Carcass Competition.

Last week (Oct 9th, 2019) there was a Carcass Competition in Lethbridge Alberta. The carcasses were judged at Maple Leaf Foods – Lethbridge Plant. There were 21 entries from all the major genetic companies.

Genesus customers won again 4 of the top 5. For the second year in a row, 4 of the top 5 carcasses were from Full Program Genesus herds ( Genesus F1s crossed with Genesus Duroc Sire)

The Genesus winners are:

Winner

Points

Genetics

Rosedale AB

70

Genesus

Big Bend AB

70

Genesus

Elmspring AB

70

Genesus

Fairlane AB

70

Genesus

The criteria for judging consisted of 7 categories, with maximum of 10 points for each category: Index, Carcass Weight, Backfat, Loin Eye Size, Loin Eye Color, Belly, Loin Marbling.

We Congratulate the Winners!

Its very rewarding to see Genesus Carcass Quality Dominance. Genesus has been working relentlessly since 1998, to develop genetics that has top production and Carcass with excellent marbling to enhance the eating experience.

Genesus is the world Duroc of Choice.Competitions like the one in Lethbridge prove it.

Photo Gallery:
Genesus representatives: Mike Van Schepdael, Vice President; Art Goelema, Western Sales Manger; Stewart Watson and Peter Hager, Western Sales alongside Pork Carcass Competition Winners.

Genesus team with Jake Waldner, Edward Hofer, from Rosedale Colony AB (right) and Steven Kleinsasser, Joe Waldner, Joel Kleinsasser from Big Bend Colony AB

Genesus team with Steven Waldner, Fairlane Colony AB

Genesus Team with David Wipf, Elmspring Colony AB

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