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Vietnam is urging farmers to restore pig herds after African swine fever, first detected in February, spread to all 63 provinces and forced culls of more than 5 million pigs. Live hog prices in Vietnam have risen about 70% since early this year to around 60,000 dong per kg.
Pork supply losses in Vietnam, and the expected herd rebuilding ahead of Lunar New Year demand, support regional demand for feed grains and meals while substitute proteins gain share. Tight pork supply keeps protein prices firm.
reuters.comOct 17, 2019After 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.
After 56 past bullish disease events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.5% to +1.6%), and +0.8% over 20.
After 67 past bullish disease events, Soybean Meal moved a median -0.2% over 5 sessions (46% higher; middle half -1.7% to +1.9%), and +0.4% 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.
