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Vietnam has culled more than 1.2 million pigs infected with African swine fever, according to the government. The virus has spread to 29 provinces, including Dong Nai, which supplies around 40% of pork for Ho Chi Minh City.
Heavy pig losses in Vietnam cut local feed demand and push buyers toward poultry and imported pork, which shifts demand for feed ingredients and meat prices in Southeast Asia.
bangkokpost.comReutersMay 13, 2019After 167 past bearish disease events, Soybean Meal moved a median -0.6% over 5 sessions (40% higher; middle half -1.8% to +1.4%), and -0.8% over 20.
After 175 past bearish disease events, Corn moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.5%), and +0.6% over 20.
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.
Vietnam's ASF spread and 1.2m pig cull on May 13, just before the move, reinforced the Asian protein-shortage story and the case for stronger US pork export demand, supporting hog futures.
