Pork Commentary, Jan. 8th
Jim Long President – CEO Genesus Inc.
Some Observations for the Future
France and United Kingdom have announced that internal combustion engines will be illegal in 2035. A person I met with, pondered the following thought.
Premise “if internal combustion engine losses its presence who and what is going to use ethanol”.
Currently, the US livestock and poultry industry use about 5 billion bushels of corn. US Corn ethanol production consumes about 5 billion bushels. Ethanol is not used in anything but vehicles, expect that global push to electric hybrid engines will include North America.
If corn ethanol decreases, will there be more livestock-poultry production? What will it do to corn prices? Land value? To us all interesting thoughts.
We still wonder if Gene edited (GMO) in swine will be accepted by consumers. We wonder with continued pressure on antibiotics, nutrition, pay-lean, organic, and housing for swine, can we really expect consumers to embrace the Gene-Edited Pork (GMO). We wonder if the NPPC and or National Pork Board could not survey consumers, packers, retailers, processors and importers on there thoughts on this subject.
As an industry going down the wrong rabbit hole, could be devastating for our profitability and public perception.
(When in a grocery store, look at the organic products for sale. Is this a good sign for future GMO pork?)
USDA Voluntary Pork Grade System
USDA comment period is over. Several dozen organizations have commented. Some for, some against. Who knows for sure what will happen? The only thing for sure, the new proposed grade system is already changing the market. The target will shift from lean-lean to identifying pork that has more marbling and red meat with better eating attributes. The days of the other white meat are numbered.
Had a contact from a Global Search Firm looking for a CEO for the US subsidiary of Choice Genetics. Not sure why they would ask us? Our reply:
“Be captain of Titanic? God help the poor soul on this job”
US June’s lean hog futures hit 84.975 ¢ / lb last week, life of contract highs. We expect to see the June-July lean hogs to reach over 90¢ when the hogs go to market.
Preliminary reports on US pork exports for November, show exports up 3,28%. Year to date 6.49%
The US hog market is optimistic, and exports moving up is part of this optimism.
click for more releases
Get acquainted with the Global Mega Producer
sponsored by Genesus Inc. in collaboration with National Hog Farmer
Twenty-seven pork producers with each managing over 100,000 sows, can claim the title of Global Mega Producers this year. The Mega Global Producers are as diverse as their geographic location.
Triumph Foods, LLC was organized in 2003 by a group of the largest U.S. independent pork producers whose goal was to create a pork processing operation capable of recognizing the benefits of an integrated business model. The five big hog producers that joined forces under the name of Triumph Foods are
- Christensen Farms
- Eichelberger Farms
- New Fashion Pork
- Allied Producers Cooperative
With a workforce of over 2,800 today, the Company began processing operations in 2006, in St. Joseph, MO, where it is headquartered. Triumph’s state-of-the-art facility, is situated on the same parcels of land where packing houses of the past once thrived in the early 1900s.
Today, a Global Mega Producer in the Pork industry, owning approximately 400,000 sows and generating over $1.6 billion in annual revenues, Triumph Foods is recognized as a top processor and exporter of premium, fresh pork products worldwide and is expanding further with its 50% ownership of Daily’s Premium Meats, which produces a variety of cured bacons, smoked hams, and breakfast sausage for both food service and retail sectors.
Also, a joint venture Seaboard Triumph Foods,LLC fresh pork processing plant that began operating in September 2017, in Sioux City, Iowa.
Congratulations to Triumph Foods!