农林牧渔行业周报：仔猪价格止跌反弹，低成本支撑明年养殖盈利预期

Investment Rating - The report maintains an "Outperform" rating for the industry [4]. Core Insights - The piglet prices have rebounded after a decline, while the prices of live pigs are experiencing slight fluctuations. The average price of live pigs is 17.99 CNY/kg, with a week-on-week increase of 1.98% [16][23]. - The poultry sector is seeing a tightening of chicken supply, leading to a significant price increase in Shandong province, while some slaughterhouses are struggling to accept the high prices [23][24]. - The aquaculture sector's prices remain stable, with potential investment opportunities identified [31]. Summary by Sections 1. Industry Performance - The agricultural sector increased by 0.15% this week, ranking 26th among the Shenwan first-level industries [8][9]. 2. Livestock Farming - Piglet prices have increased to 459 CNY/head, up 4.79% week-on-week, while the average price of live pigs is 17.99 CNY/kg [16][14]. - Daily slaughter volume for pigs is 145,300 heads, showing a slight decrease of 0.08% week-on-week [16]. - The report anticipates a positive outlook for pig farming profitability in the coming year due to low feed costs and a rebound in piglet prices [16][23]. 3. Poultry Farming - The average price of white feather broilers is 7.43 CNY/kg, reflecting a week-on-week increase of 1.23% [23][24]. - The price of broiler chicks is 4.17 CNY/chick, down 0.71% week-on-week but up 10.26% over two weeks [23][24]. - The report notes a shortage of chicken supply in Shandong, leading to increased prices, although some slaughterhouses are facing losses due to high costs [23][24]. 4. Aquaculture - Prices for various aquatic products remain stable, with carp priced at 18.00 CNY/kg and shrimp at 320.00 CNY/kg [31]. - The report highlights potential investment opportunities within the aquaculture sector [31]. 5. Crop Production - The average price of domestic soybeans is 4,104.53 CNY/ton, down 2.51% week-on-week, indicating a loose supply situation [25]. - The average price of corn is 2,247.33 CNY/ton, showing a slight decrease of 0.11% week-on-week [25][26]. 6. Industry Events - The report mentions a potential decrease in soybean imports in the fourth quarter, with expectations of a total import of 106.2 million tons for 2024, an increase of 6.8% from 2023 [34][35].