
Vietnam's Ministry of Agriculture and Environment says live hog prices, after a sharp fall, have started rising slightly in early November. Its October report shows the national herd up over 5% year on year to about 32 million head, while feed costs remain high.
A growing herd and weak demand point to limited hog price upside through year-end, while high feed costs squeeze farmer margins and could slow restocking, a modest signal for Vietnamese feed demand.
After 61 past neutral report events, Lean Hogs moved a median -0.4% over 5 sessions (48% higher; middle half -1.3% to +1.8%), and +2.1% 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.