农林牧渔行业定期报告：节前猪价震荡上行，仔猪价格继续走强

Investment Rating - The industry rating is "Outperform the Market" [4] Core Insights - The pig price has shown a rebound due to increased demand ahead of the Spring Festival, with the price on January 26 reaching 15.85 CNY/kg, a week-on-week increase of 0.39 CNY/kg [2][7] - The white feather broiler industry is experiencing a decline in prices for both broilers and chicks due to seasonal factors and supply chain disruptions caused by avian influenza outbreaks in the U.S. and New Zealand [3][36] - The release of the "Rural Revitalization Plan (2024-2027)" aims to enhance agricultural modernization and food security, with significant investments in seed industry revitalization and technological innovation [46][48] Summary by Sections Pig Farming - The supply and demand have both increased, leading to a fluctuation in pig prices. The average daily slaughter volume rose to 253,400 heads per day, a week-on-week increase of 33.56% [2][13] - The willingness to sell among farmers remains strong, with the average weight of pigs sold being 121.51 kg, a decrease of 1.45 kg week-on-week [19][29] - The price of piglets has continued to rise, with an average price of 505.71 CNY per head for 7 kg piglets, reflecting a week-on-week increase of 4.96% [24][29] White Feather Broilers - The price of white feather broilers has decreased to 7.22 CNY/kg, a week-on-week decline of 0.12 CNY/kg, influenced by a decrease in slaughter rates as processing plants begin to close for the holiday [31][36] - The price of chicks has also dropped to 2.51 CNY per chick, a decrease of 0.07 CNY week-on-week, due to an oversupply in the market [31][36] Seed Industry - The "Rural Revitalization Plan" outlines key goals for agricultural modernization, including enhancing grain production and promoting seed industry innovation [46][48] - The plan emphasizes the importance of biotechnology in ensuring food security, suggesting a potential acceleration in the adoption of genetically modified crops [48]