Group 1: Swine Industry - The demand during the peak season is boosting pig prices, with a strong expectation of price fluctuations [3][31] - By the end of October 2025, the national breeding sow inventory is expected to drop below 40 million heads, a decrease of at least 350,000 heads from the end of September 2025, indicating accelerated capacity reduction [3][32] Group 2: Egg Industry - The inventory of laying hens continues to decline, supporting egg prices, with a reported inventory of approximately 1.295 billion hens in December, a month-on-month decrease of 0.92% and a year-on-year increase of 7.11% [3][32] - Recent cooler weather has increased the shelf life of eggs, enhancing the pricing power of producers and leading to better sales at the retail level [3][32] Group 3: Soybean Meal Market - The USDA's January supply and demand report indicates a stable soybean yield forecast of 53.00 bushels per acre for the 2025/26 season, with an expected production of 4.262 billion bushels, leading to a bearish outlook for soybean meal prices [4][32] - The report also predicts an increase in year-end soybean stocks to 350 million bushels, up from 290 million bushels in December [4][32] Group 4: Corn Market - China's corn production for 2025 is estimated at 602.47 billion jin (approximately 301 million tons), an increase of 12.64 billion jin or 2.1% from 2024 [4][32] - Issues with grain spoilage due to excessive rainfall in northern China are leading feed enterprises to prefer northeastern corn, contributing to a strong market for northeastern corn [4][32]
饲料养殖：旺季提振 猪价偏强震荡
Xin Lang Cai Jing·2026-01-18 23:25