降温消费增量但供给压力仍存，短期内猪价或维持震荡

Investment Rating - The industry investment rating is maintained as "Outperform the Market - A" [8] Core Viewpoints - The report indicates that while there is an expected increase in consumption, supply pressures remain, leading to a forecast of fluctuating pig prices in the short term [1][52] - The average price of live pigs this week is 16.49 CNY/kg, with a week-on-week increase of 2.11% and a two-week decrease of 0.42% [52] - The average daily slaughter volume of live pigs is reported at 168,400 heads, reflecting a week-on-week increase of 7.05% [52] - In the poultry sector, the price of broiler chickens has slightly decreased at the end of the week, while chick prices remain high due to tight supply plans [2][61] - The aquaculture sector shows stable prices, with various fish species experiencing different price changes, indicating potential investment opportunities [81] Summary by Sections 1. Market Overview - The agricultural sector increased by 3.24% this week, outperforming major indices such as the CSI 300, which rose by 1.32% [41][42] - The fisheries sector saw significant gains, with a rise of 11.07% in stock prices [41] 2. Industry Data Tracking 2.1. Pig Farming - The average price of live pigs is 16.49 CNY/kg, with a week-on-week increase of 2.11% [48] - The average price of piglets is 489 CNY/head, showing a week-on-week decrease of 1.01% [48] - The report emphasizes the importance of monitoring the rhythm of market supply and demand, as well as consumer sentiment [52] 2.2. Poultry Farming - The average price of white feather broilers is 7.70 CNY/kg, with a slight decrease of 0.13% week-on-week [61] - Chick prices are reported at 4.42 CNY/bird, reflecting a week-on-week decrease of 1.12% [61] 2.3. Crop Sector - The average price of corn is 2203.75 CNY/ton, with a week-on-week decrease of 0.34% [70] - The vegetable price index for leafy vegetables increased by 6.66% week-on-week [70] 2.4. Aquaculture Sector - The average price of carp is 18.00 CNY/kg, remaining stable week-on-week [81] - The average price of shrimp is reported at 320.00 CNY/kg, showing a year-on-year increase of 33.33% [81]