Jim Long Pork Commentary: Spain - riding high

Spain last week reached a record high in hog prices at 1.54 euro a kilogram liveweight (79₵ US lb. liveweight). Its ability to push exports to China is really paying off.
calendar icon 12 March 2020
clock icon 3 minute read

Mexico

Last week we visited Mexico and talked to many producers. Like much of the world, the Coronavirus (COVID-19) has disrupted the supply chain. This has created a degree of uncertainty.

We were in the North-west region of Mexico which is Mexico’s heartland of Asian exports. Pork quality is a big issue due to quality demands of the export market. Producers we talked to hope the US can increase levels of exports to Asia so the US will have less to send to Mexico.

Everyone in North America is hoping that the Phase 1 US-China agreement of $40 billion in China Ag purchases includes massive levels of pork purchases.

Context

Not to minimise the Coronavirus, but put into context of 1.4 billion people living in China.

  • 260,000 people die a year in vehicle accidents in China, (5,000 a week).
  • The latest Coronavirus (COVID-19) total death toll in China - 3,097.

Let’s hope for everyone's sake this too will pass.

Jim Long (center)  with  Miguel Davalos Jr. (left) and Miguel Davalos (right) from Genesus Mexico
Jim Long (center) with Miguel Davalos Jr. (left) and Miguel Davalos (right) from Genesus Mexico

Jim Long

President - CEO at Genesus Genetics
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