Pork Commentary: Canada-USA Inventories Crash

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Latest Pig Industry News

Friday, February 20, 2009

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Pork Commentary: Canada-USA Inventories Crash

CANADA - Supplemental (North American Pork) Commentary from Jim Long for this week.

Jim Long on ThePigSite

Jim Long is President &
CEO of Genesus Genetics.

	Last Year	This Year	Difference
Canada-USA Combined (thousand head)
USA under 60 lbs	22,545	21,297	-1,248
CANADA under 20 kg (44 lbs)	4,471	3,713	-758
Combined USA-CANADA	27,016	25,010	-2,006

Statistics Canada just released its 1 January Swine Inventory Report. When we combine December USDA Hogs and Pigs Report under 60 lbs with Canada’s under 20 kg (44 lbs) the results are extraordinary.

Two million less small pigs compared to a year ago, or about 10 weeks of production.

That’s, give or take, 200,000 less hogs per week going to market year on year. Is there any wonder so many finishers are empty?

Gentlemen, start your engines. Come about mid April to about 1 May an extraordinary decrease in year over year marketings is going to happen. 90¢ lean hogs are coming around the track. Buckle up!

Author: Jim Long, President & CEO, Genesus Genetics

To find out more about Genesus Genetics,
please take the time to visit their website at
www.genesus.com.

The opinions expressed in this commentary are entirely those of the author and can not taken to represent the views of ThePigSite.com, its owners or its management.