Global pork prices today

The price of Lean Hogs recorded on 09/08/2026 is trading at 82.30 USD/lbs (equivalent to approximately 4,731,187 VND/ton), maintaining a stable trend with a slight increase of 0.06% compared to the previous trading session. This price reflects a market equilibrium after the adjustment period in early September, positioning the value of this commodity at a mid-range level within the recent fluctuation band.

Based on market data, the current price remains significantly lower than last month's average of 87.27 USD/lbs (approximately 5,016,897 VND/ton). Over the past 30 days, Lean Hog prices have fluctuated within a range of 80.33 USD to 95.93 USD/lbs. The fact that the price has remained flat at 82.30 USD continuously from 09/05 to 09/08 indicates cautious investor sentiment and temporary stability in the international supply chain.

In the Vietnamese market, businesses should note the following specific developments to optimize business plans:

• Short-term trend: The price is lower than the current monthly average (82.79 USD), indicating that downward pressure still exists compared to the previous period.
• Historical volatility: The current price has decreased by about 1.5 USD/lbs from the early September peak (83.80 USD on 09/02).
• Recommendation: With a slight increase of 0.05 USD (about 2,874 VND) in the latest session, the market is signaling accumulation around the 82 USD price zone.

On the international market, Lean Hogs are traded in lbs and quoted in USD.

Pork belongs to the Food commodity group. This is one of the most commonly traded commodity groups on global commodity exchanges.

Pork prices in Vietnam are influenced by many complex factors, primarily revolving around market supply and demand laws, along with macroeconomic and external factors. Fluctuations in these factors can cause significant price changes.

• Supply (Livestock Production): This is the core factor, including herd size, livestock productivity, and especially the disease situation. Outbreaks such as African Swine Fever (ASF) or blue ear disease can cause heavy losses, suddenly reducing supply and driving prices up. Input costs such as feed prices (corn, soybean), breeding stock, veterinary medicines, and energy also directly affect production costs. Additionally, the volume of pork imported from other countries, along with tax policies and quotas, plays an important role in regulating domestic supply.
• Demand (Consumer Demand): People's purchasing power, per capita income, inflation, and special events such as holidays and Tet (when demand spikes) are decisive factors. Changes in consumption habits or a shift toward other types of meat can also impact total demand.
• Policy and External Factors: Government policies supporting the livestock industry, disease control, price stabilization, and food safety regulations have a major influence. Extreme weather or natural disasters can affect the supply of feed ingredients or cause direct damage to livestock. Regarding macroeconomics, exchange rates (e.g., USD/VND) affect the cost of importing materials and pork. Global oil prices impact transportation and production costs, while global geopolitical developments can indirectly affect commodity supply chains.

International pork prices (priced in USD/lbs) are expected to maintain a stable to slightly increasing trend in the short term. The balance between gradually stabilizing supply and signs of recovering demand is the main factor supporting this price level. Lean Hog Futures in the US indicate expectations of a relatively firm market without excessive volatility.

Fundamental analysis shows that global pork supply has been in a process of steady restocking following previous outbreaks of African Swine Fever (ASF), particularly in major markets. However, feed costs (corn, soybeans) remain relatively high, continuing to put pressure on production costs. On the demand side, pork consumption is showing signs of recovery as economies reopen, but growth rates may be limited by inflation and cautious consumer purchasing power.

In the medium to long term, pork price forecasts will depend on several key factors. Fluctuations in global grain prices, the ability to effectively control diseases (especially ASF), and the trade policies of major importing countries (such as China) will be the factors shaping price trends. Although there are no signs of a sudden price spike, risks from supply shocks (due to disease outbreaks) or unexpected increases in input costs could still push prices higher. Investors and businesses need to closely monitor macro indicators and global livestock production situations to make appropriate decisions.