Profits are in the $80 per head range and big companies are making plans for expansion. Russian pig prices are now almost double compared to those offered in markets such as Canada, the US or Brazil. Without almost any pork imports, the industry is thriving in the domestic market, prices reaching 123 rubles ($1.82)/kilogram live-weight. At this time, Russia has 1.8 million sows but the industry is expanding, big companies planning to add between 250,000-300,000 sows in the next 4 years, according to a global report issued by Genesus. "Most if not all the major Russian companies are expanding or have expansion plans. If expansion leads to exports and that. Read more...
Pig price currently is currently 110 Roubles per live kg ($1,92). For good farmers, pigs continue to be very profitable, but for many not! according to Simon Grey, General Manager Russia, CIS, and Europe. Some are even losing money (incredible though it seems). I was asked a week or so ago, “why when Russia has low grain cost (wheat at 8900 Roubles ($156) per metric tonne), low labour cost (about $500 per month) and low energy cost (petrol $0.56 per litre at the pump) why are costs of production so high”? Russia wants to continue to grow its pig industry and become a net exporter. For me this is a very sensible ambition. Russia has a massive land bank and can. Read more...
The pig price this week in Russia is averaging 98 Roubles ($1.66) per live kg., writes Simon Grey, General Manager of Genesus Russia. Producers continue to make good profits in the range of $40 to $70 per pig. Russian pig producers continue to build new farms and expand Pork consumption increased during 2016 by 7 per cent to 24.9kg per person. With companies beginning to export into Asia the future remains bright. There are some peculiarities within the Russian market, and some anomalies which make no sense! Majority of pigs produced and slaughtered and sold by large integrated producers, there is a limited ‘free market’. Large producers. Read more...
A time for recollection and contemplation for the Chinese Pig Industry in the Year of the Chicken, writes Alexander Kovachevich, GM China Area, Genesus Genetics. According to the Chinese Zodiac, 2017 is the Year of the Chicken. While the chicken sign is seen as quite a positive sign, with attributes such as loyalty and persistence, it is commonly said that one’s ‘own year’ (本命年) is a difficult one. When looking at consumers’ consumption habits of protein, we look at three ‘competing’ groups, eggs, chicken meat and pork. High prices for one generally leads to people choosing more of the other. While pork prices have been high for. Read more...
Currently, pig prices are fluctuating between 110 and 115 Roubles per live kg ($1.77 to $1.85). With pig meat consumption increasing in Russia by 6.6 per cent in 2016, pig farming continues to be very profitable in Russia. Currently, there are approximately 300,000 new sow places with finance approved (and some already under construction) and another 200,000 new sow places in final stages of approval, writes Simon Grey – General Manager, Russia, CIS, and Europe. Genesus attended the recent meeting of Russian Pig Producers. Main points of discussion (other than dealing with African Swine Fever) was development of export markets in China / Asia. With the most. Read more...
At the beginning of the year, market prices for hogs were below 1 euro/kg liveweight. However, after 20 weeks of consistent price rises, the current price of 1.325 euro/kg liveweight has been maintained (with small ups and downs). A year ago, this price was 1.185 euro/kg liveweight. The average carcass weight of pigs is 1.5 kilos lower than last year. At the end of this summer, pigs have lost more weight than in previous years. The pig population has dropped 1.8 per cent among the Top 12 EU Producers, and the demand is higher. Germany’s pig population dropped 3.4 per cent (current population 27,146,000 with 1,917,000 sows), as well as Denmark’s (-2.6. Read more...
We hear this term (Rewarding the Market), but having a marketing plan means we need to pull the trigger, writes Allan Bentley, Sales & Service, Genesus. At the time of my last market report cull sows were 10-15 cents a pound, I advised holding off on those cull sales as long as possible and cull sows are now at 35-40 cents. I think that market will continue higher but we need to reward the market and sell those conditioned sows, as they are the most valuable. As for lighter and thinner sows, I would hold them, if at all possible. The June and July futures at the time of my last report were around 71 cents. That market has improved to almost $81.00. Depending on. Read more...
The new year starts with a pig price of 96 Roubles per kg live ($1.28) meaning the majority of producers are making money, with some of the large integrators still making a lot of money, writes Simon Grey, Genesus. What does 2016 have in store for Russian pig producers. This will I think have a lot to do with the structure and ownership of each individual business. Fully integrated business that grow crops to feed pigs have a very low cash cost of production (even if on paper they lose money, if you put grain into pigs at cost of production then 96 Roubles sales price means you still have a business with very good cash flow)!! Russia has done its federal budget for 2016. Read more...
The China pork market continues to be the wildcard for the hog price prospects for both the North American and EU markets. There are several truths. China’s domestic hog price is $1.25 USD liveweight per pound. The US price live is 52? per pound, while the EU-US price equivalent is 54? per pound. The price spread between the US and EU prices and China is just under $200 USD per head. No matter what Chinese statistics you look at, there has been a massive liquidation of sows, somewhere between 10 – 12 million sows. A number so large it is almost incomprehensible at almost twice the North American sow herd and almost equivalent to the EU sow herd. The. Read more...
Current average live weight price remains strong at 116 Roubles/kg ($1.79/live kg) With corn currently at 10,540 Roubles/tonne ($213/metric tonne), profitability remains very high at between 3,479 Roubles per pig ($48.3) for the average producer and well over 5,000 Roubles ($78.2) for efficient producers killing pigs at heavier weights, writes Simon Grey, Genesus General Manager Russia, CIS and EU. Retail prices are 350 Roubles/kg ($5.40/kg) for the highest value cut which is neck and 280 Roubles/kg ($4.32/kg) for the lowest value cut, which is ham!! Internally total meat consumption is falling a little from its peak of 75kg per person in 2013. This is due to the. Read more...
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