Philippe Mallétroit – Director for France Hog Market : less pigs drive to high prices Hog prices have continued to rise since the beginning of the year, although price increases slowed down slightly in March. The price has been settled at 2,380 € per kg carcass on 30 March, 43% higher than last year’s price.…

Allan Bentley, Sales & Technical Manager, USA Well, what do you say about the USA hog market? I guess it’s better than being a cat in an accordion shop. I believe some would even argue that cat has it better then hog producers. We have lost $20/ cwt on the futures from the highs. That…

Lyle Jones, Genesus Director of Sales, China On the road again in China- firsthand perspective of what’s happening in the China Hog Market today… After more than 3 years of video conferencing, we are back in China again. I will be traveling with our Genesus China team through the end of March.It is good to…

Mercedes Vega, General Director for Spain, Italy & Portugal At the beginning of the year, looking at how our market was going, we observe that the prices were rising, but the truth is that we did not think that it could reach 2 € and here we are. In this week’s market, the price closed…

Paul Anderson, General Manager South East Asia – International Sales Manager As the first quarter of the year comes to an end, a new challenge emerges in the country’s swine industry. The Philippines Hog industry was once again alarmed as Cebu province; one of the Philippines’ few remaining ASF-Free provinces, reported the death of thousands…

Simon Grey, General Manager of Genesus Europe There are officially 44 counties that are in Europe, 27 of these are in the EU. Each country is individual with its own market requirements. The comments in this report are general. Across Europe we are seeing record high pig prices and a declining pig herd. Its impossible…

Genesus Ibero-American Business Development Manager Mexican liveweight national average price remains down 1.35% weekly, while the price of carcass meat does not present weekly changes, with a price of $56.24 per kilo ($1.38/lb). Current national average price is $40.34 ($0.99/lb), slightly below the annual price average. Last Year Prices (Feb 2022 – Feb 2023) Minimum…

Spencer Long of Genesus Challenges remain in the Canadian pork industry with high input costs that are impacting profitability for producers. Pork exports to the US remain high and the need for US packers to fill voids in capacity. Olymel, a large Canadian packer based in Quebec announced they will be reducing the purchase of…

Philippe Mallétroit – Director for France Hog Market: higher prices Clearly the drop in production is well felt in Europe. In France, during the month of January the hog price has gained 0,206 € per kg carcass (about 19.5 € per head) and continue to rise with a price of 2,06 € per kg carcass…

Allan Bentley, Genesus Sales & Technical Manager, USA The Iowa Pork Congress is in our rearview mirror. There is always a lot to learn at that show. There are a lot of products to get weaned pigs to start quicker. Even more, products to improve their appetite. Everyone is working on products to improve feed…

Lyle L. Jones, Genesus Director of Sales, China China 2022 Hog Prices in review and Outlook for 2023 Looking back at China pig prices in 2022, slaughter pig prices dropped from 16 yuan/kg in January to a low of 11.98 yuan / kg March 18, 2022. During this time China producers were losing huge sums…

Mercedes Vega, General Director for Spain, Italy & Portugal We have closed the year 2022 and the truth is that it has been an extremely complicated year in which unprecedented situations have arisen that we can remember: The price of piglets at 20 kg from January to the end of the year has risen 226%,…

Paul Anderson, General Manager South East Asia – International Sales Manager – Genesus Inc. Philippines Genesus Philippines F1 gilt delivery Throughout the Christmas season, as production cost continues to rise, the swine farmers in the Philippines barely felt the increase in live-weight prices of commercial hogs as the market is still flooded by imported frozen meat. Last December…

Fernando Ortiz – Genesus IberoAmerican Business Development The national average pork prices have strengthened during the year 2022, although its production cost has also increased. With prices averaging just over 40MXP/kg ($0.93USD/lb) in the last year, this price has rebounded above an average price of $45/kg ($1.05USD/lb) in the last six months. The national average…

Spencer Long of Genesus Canadian producers, like much of the world currently are dealing with high feed prices. This is impacting profitability despite high retail pork prices. There seems to be little to no actual expansion of the sow herd due to expensive building costs and a pork market that isn’t very ecstatic. 2023 should…

Philippe Mallétroit – Genesus Director France Hog Market price : stable trend Last week the general trend on the pig markets in Europe was rather stable on the prices while supply needs will gradually decrease during the holiday season. Slaughterings have been relatively strong in recent weeks. In France, hog market prices have remained relatively…

Allan Bentley, Genesus Sales, USA My hunting and fishing buddies have been telling me the number of dead snow geese they are seeing. Here is some of what I have found regarding the bird flu. The last time we had an outbreak of the bird flu in North America, only 99 cases were among wild…

Lyle Jones, Genesus Director of Sales, China Genesus is pleased with the recent result of China’s National Breeding Pig Evaluation Program involving all 92 approved swine nucleus farms.  As part of the program, the data is evaluated by comparing and ranking the performance of each participating nucleus. We were really pleased to see Genesus Nucleus…

Mercedes Vega, General Director for Spain, Italy & Portugal At the end of writing my last report on the market situation, one is left with the hope of being able, in the next one, to say that we can see the light at the end of the tunnel, but the truth is that it is…

Paul Anderson, General Manager South East Asia – International Sales Manager Genesus Inc. Philippines Dubbed as the longest Christmas-celebrating country, Filipinos take Christmas celebrations seriously. Christmas carols start to play as early as September and last till January of the following year. As a result, swine farmers enjoy the delight of an increase in demand…

Fernando Ortiz-H. Genesus  Ibero-America Business Development The outlook for pork exports in the coming months seems encouraging, since the countries of the European Union continue with a declining pork production, China presents a domestic market with higher prices. Last week, the national price of live pigs remained slightly down with 0.06%, remaining at $46.40 MXP…

Spencer Long of Genesus The current marketplace for many Canadian producers currently is not ideal. Inputs are high and room for profitability is low. Add to it in Ontario’s case slaughter plants at capacity makes it even more challenging to get your hogs killed. These industry issues are also being felt by Olymel, a large…

Philippe Mallétroit, Genesus Director of France Hog Market price Since the 21st of February, the hog price has continued to increase to reach its highest level on the 6th of October at 2.054 € per kg carcass. Over this period of almost 8 months, the increase was 0.773 € per kg, about 73 € per pig. Obviously,…

Allan Bentley, Genesus Sales, USA By the numbers; Slaughter weights continue to run below last year’s levels. Last week were 4 lbs. lighter than the same period a year ago. I do not see that changing as we move forward with our high feed costs. Slaughter numbers are also running below last year by almost…

Lyle Jones, Genesus Director of Sales, China China Pig prices have risen across the board since October 1, 2022, National Day Holiday. Slaughter pig prices closed at 28.24 yuan/kg ($1.79/lb.) last Friday, up 3.65 yuan/kg ($0.20/lb.) in just two weeks. At the same time, 7kg weaned pigs rose seventy-two yuan ($9.40) to 520 yuan ($72.42)…

Mercedes Vega, Genesus General Director for Spain, Italy & Portugal When I wrote the last report I said that we were at prices that we had never seen before, but it has continued to rise to reach 1.722 €/kg live weight and has been repeating for five weeks. Not only have these values never been…

Paul Anderson, General Manager South East Asia – International Sales Manager Genesus Inc. Philippines Based on September 16, 2022’s ASF Zoning of the National Zoning and Movement Plan for the Prevention and Control of ASF, an increase of 46 cities/municipalities have recovered from Red (Infected) to Pink (Buffer) Zones. This transcribes to a total of…

Fernando Ortiz, Genesus Ibero-American Business Development Manager Mexican Protein Facts First semester of 2021 vs same period 2022, prices in the country for meat increased 17.7%.pork 7.2%,chicken 13.3%,egg 4.4%condensed milk 3.5%.Mexico’s, meat importhas decreased in beef by 15.6% volume while the price increased by 9.7%,Pork increased in volume by 1.4% and price decreased by 11.8%Chicken…

Philippe Mallétroit – Genesus Manager, France SPACE report The SPACE show has just ended, after being held from Tuesday 13 to Thursday 15 September in Rennes, France. SPACE took place this year over three days instead of four days in previous years. We think as many others that is better because very often there were…

Spencer Long of Genesus Canada’s Prime Minister Justin Trudeau’s Liberal government’s online consultation on the proposed 30% reduction of emissions on fertilizer closed at the end of August. This was an opportunity for people to share what they thought of the proposed plan. The people that actually farm the land and don’t have cushy government…

Allan Bentley, Genesus Sales, USA I am going to piggyback on Jim’s earlier in the week comments. The estimates are 1.6 % less pork in the 4th quarter of 2022 than a year ago. Beef supplies in the next 1/4 are over 5% less than in 2022. It has been a little underreported but bird flu…

Lyle Jones, Genesus Director of Sales, China Pig prices in China have resumed its upward trend resulting liquidation that began last July resulting in at least 10 months of decreased production capacity. Slaughter pigs closed Friday August 26th at 22.44 RMB/Kg ($1.47/lb.) increased by 4% month on month. The national average price for 15 kg…

Mercedes Vega General Director for Spain, Italy & Portugal Spain has been beating, week by week, the historical record of its selling price, reaching 1.707 €/ kg live. But not only are we breaking historical price records, but we are also in the hottest summer in living memory, causing the weight to continue to fall,…

Paul Anderson, General Manager South East Asia – International Sales Manager Genesus Inc. Philippines As the rainy season starts, the emergence of farm diseases and viruses also start to spread all-over the country. ASF-like symptoms appear again in different parts of the country. Rumors have started that some farms in General Santos City and Bukidnon…

Fernando Ortiz-H. Ibero-American Business Development Manager fortiz@genesus.com Despite an increase in liveweight prices, Mexican pork producers are still feeling the strong impact of the rise in raw materials (grains, fertilizers, etc.) in previous months, which has resulted in a cut in their profit margins. Prices National average price MXP 44.58/kg ($0.97US/lb) Last three months –…

Spencer Long, Administrator, Genesus Inc. Canada’s Prime Minister Justin Trudeau and his Liberal party it is being reported are planning on cutting back fertilizer use by farmers in Canada dramatically. The proposal is to reduce fertilizer emissions by 30% by 2030. This proposal isn’t surprising coming from the same Prime Minister who loves to play…

Philippe Mallétroit – Genesus Director for France Hog Market It was not until the end of June and the drop of more than 1 kilo of average weights in 3 consecutive weeks, thus confirming the decrease in livestock supply, to finally obtain significant price increases at Marché du Porc Breton (hog market in France). At…

Allan Bentley, Sales, Genesus Genetics Inc. A couple of interesting observations. The negotiated cash hog price is $10 – $20 higher than most formula pricing. In public, the packers are saying they are full and not really looking for any pigs. Well, someone is! I think they are trying to talk this market down. Behind the…

Paul Anderson, General Manager South East Asia – International Sales Manager Genesus Inc. Philippines The Swine Market The Philippines has elected its new set of leaders to run the country. The newly elected president is Ferdinand “Bongbong” Romualdez Marcos, the son of another former president. Usually, as an aftermath of each and every election, the…

Spencer Long, Administrator, Genesus Inc. The price in Ontario is higher than what has been experienced by producers over the last couple of years. The problem is the margins are also awful with high feed costs. It seems to be a similar story in much of the world for pork producers currently. With Canada’s inflation…

Philippe Mallétroit, Director, Gensus, France High hog prices and high feed prices After a sharp rise in the hog market price for a few weeks between February 28 and May 7 (+0.39 € per kg carcass), the price has not changed in the last 5 weeks and remains at 1.698 €. The average price for…

Allan Bentley, Sales, Genesus Genetics. August Futures hit a high in March of $122 and then retreated back to just below $100. As of now, we have gained half of that back. I see no reason why the market won’t hit that March high again. There has been an issue of high mortality rates, some…

By Lyle L. Jones, Director of Sales China, Genesus Inc. We have been expecting for some time pig prices in China to begin improving in the second quarter 2022, due to liquidation that started last July 2021. Based upon on our sources in the field, it seemed there were a lot more sows going to…

Mercedes Vega, General Director for Spain, Italy & Portugalmvega@genesus.com The situation of the Pig Sector continues to be complicated throughout the EU:The price evolution over the last six months is good. Source: Mercolleida Good price evolution does not compensate for the high value of raw materials, although they have been falling since the peak in…

by: Paul A. Anderson, General Manager South East Asia / International Sales Manager, Genesus Inc. Thailand Recovery of Thailand’s pig industry hits a snag. Rising feed costs, uncontrolled ASF, and pig price curbing are hindering the recovery of the Thai pig industry. Corn and soybean meal prices have increased year on year by almost 50%…

Fernando Ortiz, Ibero-American Business Development, Genesus Inc. The prices of feed ingredients have risen in Mexico, as in the rest of the world, due to external issues, among which the conflict between Russia and Ukraine stands out. The United States is also behind in its planting of corn and soybeans. From 2020 to date, the…

Spencer Long, Genesus Inc. The pig price remains strong, with the current price in Ontario right around 67¢ U.S. liveweight a lb. This is positive as we head into the summer months, as total pig numbers continue to remain lower. Corn and wheat prices are still high, cutting into profitability. Statistics Canada released survey-based estimates…

Philippe Mallétroit, Director France, Genesus Inc. Price Boom Since our last report six weeks ago, hog market prices increased to a great extent in France. Marché du Porc Breton (the main hog market in France) recorded maximum increases at many sales sessions. Two sales sessions take place each week at Marché du Porc Breton, on…

by: Allan Bentley, Sales, Genesus Genetics Inc. Lent is almost over. My wife Debbie and I discussed this. She can’t believe lent affects meat sales that much, but it does. I searched data to see if I can find anything about meat consumption during lent. If it is out there, and I’m sure it is,…

Lyle L. Jones, Director of Sales for China, Genesus Inc. Market Hog Price China’s slaughter pig prices appear to have begun its long-awaited recovery. As of April 2nd, the national average pig price was 12.66 RMB ($0.90/lb.), an increase of 9% over the low pig price in March. A further indication that markets are moving…

Mercedes Vega, General Director for Spain, Italy & Portugal, Genesus Inc. When I wrote my last report, I sincerely believed that the European swine industry is going thru the worst possible scenario; but evidently, I was wrong. I ended previous report by stating how difficult it is to make forecasts for this year for several…

Paul A. AndersonGeneral Manager South East Asia / International Sales Manager, Genesus Inc. Philippines Average live weight prices (national) seem to be on an upward trend from January to this writing. Price for the locally produced pork seemed to hold for the first three months of the year even if there is pressure coming from…

Spencer Long, Administrator, Genesus Inc. “The only thing constant in life is change.” – Heraclitus. Change happens to everyone. This is an incredibly basic truth. From big changes in one’s life to small ones that don’t have much of an impact. The one thing that hasn’t changed in Canada over the last number of years…

Fernando Ortiz-H , Ibero-America Business Development Manager, Genesus Inc. Apparently, the 2019-2020 expansionary acceleration of the Mexican pork industry has hit the brakes this year. While states as important in pork production as Jalisco saw their number of pigs on the market increase by around 20% in 2020, a drop has been seen for the…

Philippe Mallétroit – Director for France, Genesus Inc. As most of the European pig producers, French pig producers are facing low pig prices and feed prices increase for many months. In France, the feed price average for the last ten years was about 250 € per Ton; today the feed price average is around 350…

Simon Grey, General Manager Russia, CIS and Europe, Genesus Inc. Current pig price in Russia is 109 Roubles ($1.39) per live kg. Thinking about it, it’s a strange thing that when doing a market report we are looking at farm gate price rather than retail price. When all said and done, we are part of…

By Allan Bentley, Sales, Genesus Genetics Inc. I said it in December, summer hogs are going to hit $120. I still see nothing that is going to change my mind. Disease hits every year but this year is as bad as I’ve seen it. I heard yesterday that some finishers are losing 30% due to…

By Lyle L. Jones, Director of Sales for China, Genesus Inc. China’s all-important Spring Festival has just passed and pork producers are looking forward to better times in the Year of the Tiger. On the last trading day before the holidays, all listed pig enterprises released their performance forecast for the past year. According to…

Mercedes Vega, General Director for Spain, Italy & Portugal, Genesus Inc. According to end of 2021 provisional data, despite the year-end debacle (December 21, Mercolleida at 1.02 €/kg live weight with a production cost of 1.32 €/kg, and 362 € for a ton of feed), the results for the year have been positive: Mercolleida average…

Paul A. AndersonGeneral Manager South-East Asia/ International Sales Manager, Genesus Inc. Philippines Price Philippines’ 2021 average price for market hogs was 184.92 PHP (USD 3.60) per kg live weight. As of January 17th, 2022, according to PROPork (Pork Producers Federation), the national average price for markets hogs was around 179 PHP (USD 3.49) per kg…

By Fernando Ortiz, Ibero-America Business Development Manager In the first two weeks of January, there has been a drop in prices of live pigs in Mexico of 8.0%. Although it is true that the producers still do not lose money, there are already some at breakeven point, causing a certain contraction in the consumption of…

by Lyle L. Jones, Genesus Director of Sales, China Normally, this is a time when the demand for pork increases and hog prices reach their peak for the year. Consumers are busy stocking up on their beloved pork for family gatherings while producers enjoy higher prices and extra profits during the holiday season and beyond.…

by Philippe Mallétroit, Director France, Genesus For 2021 the average hog price was 1,332 € per kg carcass, down 4.2% from 2020, but also below the average of the previous five years (2016-2020). Average hog price (€/kg carcass) 20162017201820192020Average 2016-202020211,2931,3701,1961,4961,3901.3491,332 The current price is insufficient to cover production costs that have increased in the last…

December 2021 by Bob Fraser, Sales & Service, Genesus Inc. For 2021 the challenges of Covid, labour and getting your hogs slaughtered in a timely manner continued and here in much of Canada (Ontario) intensified. Yet as always, our blessings are many. Ontario has had the rare combination of good crop yields and good prices.…

Simon Grey, General Manger Russia, CIS, and Europe, Genesus For the past 2 months, I have been once again able to travel in Russia and catch up with some clients. Working remotely and meeting online has its place in business, but it is, today, not as effective as face-to-face meetings with clients. The pig price…

Allan Bentley, Sales, Genesus Genetics Inc. Christmas holidays have never been an easy time to get market loads of butchers or cull sows to packers. The fact Christmas is on Saturday should help a little but it will still be challenging. There are some renegotiating of packer contracts. Most packers are still using the national…