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African swine fever continues to spread widely in Vietnam, where officials said about 230,000 hogs have been culled, three times the 2020 figure. A new ASF case was also reported in Germany.
Large hog losses in Vietnam reduce pork supply and feed demand there, while spread to Germany raises export-restriction risk for the EU pork trade, which can weigh on hog prices.
After 177 past bullish disease events, Lean Hogs moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.