市场快讯：官方公布我国一季度生猪产业相关数据

Report Summary Industry Investment Rating - Not provided Core View - In Q1 2025, the supply of live pigs was higher than that in 2024 but lower than the same period in 2023. The increase in pork production due to higher slaughter weights compensated for the supply shortage in terms of headcount, resulting in a slightly higher pork supply than in Q1 2023. Weight remains an important variable driving the supply side of live pigs this year and should be closely monitored [3] Summary by Relevant Catalog - Production Data: In Q1 2025, the output of pork, beef, and poultry increased by 1.2%, 2.7%, and 5.1% respectively, while mutton output decreased by 5.1%. Milk output increased by 1.7%, and egg output decreased by 0.1%. The total output of pork, beef, mutton, and poultry was 25.4 million tons, a year-on-year increase of 2.0% [3] - Inventory and Slaughter Data: At the end of Q1 2025, the inventory of live pigs was 417.31 million heads, a year-on-year increase of 2.2%. In Q1 2025, the number of slaughtered live pigs was 194.76 million heads, a year-on-year increase of 0.1% [3] - Output Calculation: Based on the pork output of 15.83 million tons in Q1 2024, the pork output in Q1 2025 was estimated to be about 16.02 million tons, a year-on-year increase of 1.2% and an increase of 0.75% compared to Q1 2023 [3]