Genesus Global Market Report – USA
Allan Bentley, Sales Representative, Genesus Inc.
I have been reading articles about corn markets and the question that everyone wants an answer to, is:“ Will we see higher prices?”
My answer is NO. The amount of corn in the country is staggering, never have I seen in my years of travels, so many piles outside on the ground. There is no reason to lock in any corn prices for the next 6 months as it is unlikely to increase. Next summer’s weather might have some impact on prices but until mid-summer of 2018,
I think we have seen corn hit the high on the market. Soybean meal is a little different story. We are off about $20/ton on the futures and if we can get some $300/ ton soybean meal bought, I see no reason not to lock it in. December is usually the month that cash markets and futures never are the high for hogs. As the first of the year rolls around start looking at December 2018 futures. If they reach $66 to $68, I would be a very aggressive seller.
Currently, weaner pigs are $60 US on the cash market and they are hard to find at that level. This is showing us a lot of optimism for the summer months of 2018. Again, December is just historically not a good time to hedge hogs, so I would throw the dice and let it ride. After the first of the year prices should pick up and that will be the time to start thinking about selling. If the summer futures get close to $90 then it is time to take another look.
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Get acquainted with the Global Mega Producer
program sponsored by Genesus Inc. in collaboration with National Hog Farmer
Twenty-seven pork producers with each owing over 100,000 can claim the title of Global Mega Producers this year. The Mega Global Producers are as diverse as their geographic location.
Vall Companys is a leading Spanish family owned agri-food group founded in 1956. The company’s operational model is based on the integration of all stages of the production process.
With 206,000 sows in production, Vall Companys. is the largest European independent swine company, with its 40 companies covers the entire Iberian Peninsula and the Canary Islands, which optimizes the quality and logistics of the group and ensures a uniform, efficient distribution throughout Spain and export markets.
The Vall Companys Group operational model is based on the integration of all stages of the production process, and the work of dedicated professionals who are highly trained in their respective fields.
- Total sales 2015: 1,408 million,
- Meat production (thousand metric tons): Pork – 340, Poultry – 115, Beef – 13, Cured ham – 13 and Processed – 7.
- Livestock Production: Swine – 4.6 million heads, poultry – 68 million heads.
- Animal feed production: 1.78 million MT.
- Flour production: 485 thousand MT.
- Associated farms – 2,000 and personnel – 4,500
Global Mega Producers‘ Certificate of Recognition plaque was delivered to all 4 major Companies that form Vall Companys.
Congratulations to Vall Companys!
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