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World Pork Expo Report

 

Last week the World Pork Expo was held in Des Moines, Iowa. The World Pork Expo is the largest Global Swine Event held annually. Our WPX report.

 

  • The WPX benefited from great weather, sunny and warm. Perfect weather for the outside tent set up many companies use.
  • There were reported 20,000 visitors to WPX. A huge percentage American but also visitors from Asia and Latin America. A few Europeans but not so much.
  • The mood of producers seemed to be optimistic. Profits are good currently. Not sure it would have been as optimistic if WPX had been held in April when hogs and futures were $30 per head lower.
  • There is sow herd expansion. How much we are not sure. One of the big factors is the ongoing difficulty to get new sow units permitted for construction and usage. We believe this is a big factor slowing expansion.
  • The real busy equipment companies at the WPX were the companies selling for loose sow housing. The push in new barns and renovations to this type of production was very evident.
  • Lots of new foreign equipment companies showed up with most from China.
  • The evidence of consolidation was everywhere. Fewer Feed companies, Genetic suppliers, Builders etc. The reality Fewer suppliers for fewer producers.
  • In Swine Genetics its evident the US industry is moving more to Duroc sires. The ability for a Duroc to grow and its offspring to live is driving demand. Couple that with better tasting pork and you have a growing market. At Genesus we are happy this is happening. Genesus has the largest registered purebred population of Durocs in the world. In north America 1600 sows. In Asia and Europe 2100 sows. 3700 sows total. Better Growth, Better Livability, Better Cost of Gain, Better tasting Pork.
  • At WPX there was discussion that packers had pulled hogs ahead. Packers margins have been good if not excellent. This has led to aggressive hog procurement. If this is correct hog prices can have quite a surge in the coming weeks as heat cuts weight and seasonal supply declines. There was talk of 90¢ lean hogs. We expect we will see that price at some point. The spectre of the new packing plants coming on stream later this summer adds another dimension that enhances opportunities.

 

Global Mega Producer

Think Globally, Act Locally

 

At the WPX Genesus in conjunction with the National Hog Farmer launched the Global Mega Producer Initiative. The Initiative recognizes the Global Producers over 100,000 sows.

 

List of Global Mega Producers:

 

Company

 

 

Headquarters:

 

 

No. of sows

 

 

Smithfield/WH Group

United States, China, Hong Kong

1,135,000

Wens

Guangdong, China

1,000,000

CP Foods

Bangkok, Thailand

600,000

Triumph Foods

St. Joseph, MO. United States

395,000

BRF

São, Paulo, Brazil

380,000

Muyuan Foodstuffs Co. Ltd.

Kaifeng, Henan, China

360,000

Seaboard Foods

Shawnee, Ks., United States

290,000

Cooperl

Lamballe, France

240,000

The Maschhoffs

Carlyle, Ill., United States

218,000

Vall Company

Lleida, Spain

209,000

COFCO

Beijing, China

200,000

Pipestone System

Pipestone, MN, United States

200,000

Prestage Farms

Clinton, N.C., United States

182,000

Iowa Select Farms

Iowa Falls, Iowa United States

180,000

JBS USA

Greeley, Co., United States

175,000

Aurora Alimentos

Chapecó, Brazil

173,000

Truein Agriculture and Animal Husbandry Group LLC.

Inner Mongolia

150,000

Miratorg

Moscow, Russia

130,000

Aveltis

Locmine, France

120,000

Carthage Veterinary Service Ltd.

Carthage, Ill., United States

120,000

Piensos Costa

Caspe, Spain

117,000

AMVC Management Services

Audubon, Ia., United States

112,500

Zhengbang

Nanchang City, China

110,000

Betagro

Bangkok, Thailand

110,000

Maxwell Foods

Goldsboro, N.C., United States

106,000

Kekén

Merida, Mexico

100,000

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This post was written by Genesus