农林牧渔行业报告：猪价跌破16元/公斤，美国引种白鸡暂停

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Outperform the Market" [5]. Core Insights - The report indicates a weak price trend in the pig market, with the average national price dropping to 16.14 CNY/kg, and many regions falling below 16 CNY/kg. The report suggests that the pig price may stabilize temporarily due to seasonal factors [8][23]. - The white feather chicken market is facing challenges due to a suspension of imports from the only U.S. breeding state, which may lead to a differentiation between domestic and foreign breeds [9][38]. - The overall agricultural sector saw a slight increase of 0.67% in the index, ranking 29th among 31 primary industries, indicating a relatively weak performance [16][17]. Summary by Sections 1. Market Performance - The agriculture, forestry, animal husbandry, and fishery industry index increased by 0.67%, while the Shanghai Composite Index and CSI 300 rose by 2.33% and 1.44%, respectively [16]. 2. Livestock Industry Tracking 2.1 Swine: Price Decline and Slow Capacity Growth - The average price of pigs has decreased significantly, with a national average of 16.14 CNY/kg. The report notes a decline in consumer confidence and increased panic selling among large enterprises [8][23]. - The report highlights that the breeding capacity is slowly recovering, with a year-on-year decrease of 3.20% in the number of breeding sows as of October [26][27]. 2.2 White Feather Chicken: U.S. Import Suspension - The price of chicken seedlings has decreased slightly to 4.4 CNY per chick, with a profit of 1.5 CNY per chick. However, the market is facing a potential supply crisis due to the suspension of imports from the U.S. [9][38]. 3. Planting Industry Tracking - Sugar prices have slightly decreased to 6090 CNY/ton, while soybean prices have dropped by 1.7% to 3604 CNY/ton. Corn prices have seen a significant decline, averaging 2116 CNY/ton, down by 45 CNY/ton [45].