农产品日报：现货市场稳定，猪价维持震荡-20250529

1. Report Industry Investment Rating - The investment rating for the pig market is cautiously bearish [3] - The investment rating for the egg market is neutral [5] 2. Core Viewpoints - For the pig market, in the future, pigs may face a situation where supply increases due to pre - festival demand and weight reduction. Although the demand side will also be boosted, the sustainability of demand growth is expected to be less than that of supply increase. After the Dragon Boat Festival, the pig market may face oversupply again. However, if the spot price drops, it may lead to frozen product storage and secondary fattening. Attention should be paid to the Dragon Boat Festival stocking and group farm sales [2] - For the egg market, this month, the inventory of laying hens in production has changed little. The supply side is relatively loose considering the decrease in egg - laying rate due to rising temperatures and the start of production of previously molted chickens. On the demand side, as egg prices decline, the demand in the sales areas is average, and traders are cautious in purchasing and focus on clearing inventories. The Dragon Boat Festival stocking demand is lower than expected, and the storage of eggs in the south will become more difficult [4] 3. Summary by Relevant Catalogs Pig Market Market News and Important Data - Futures: The closing price of the live pig 2509 contract yesterday was 13,560 yuan/ton, with no change from the previous trading day [1] - Spot: In Henan, the price of external ternary live pigs was 14.62 yuan/kg, up 0.02 yuan/kg from the previous trading day; in Jiangsu, it was 14.80 yuan/kg, up 0.04 yuan/kg; in Sichuan, it was 14.36 yuan/kg, with no change. The national average wholesale price of pork in agricultural product markets was 20.84 yuan/kg, down 0.3% from the previous day; beef was 63.01 yuan/kg, unchanged; mutton was 59.55 yuan/kg, up 0.3%; eggs were 7.79 yuan/kg, up 0.9%; and white - striped chickens were 17.56 yuan/kg, up 0.2% [1] Market Analysis - Future supply may increase due to pre - festival demand and weight reduction. Although demand will be boosted, the supply increase may last longer. After the Dragon Boat Festival, there may be an oversupply situation. However, a drop in spot prices may lead to frozen product storage and secondary fattening [2] Strategy - Cautiously bearish [3] Egg Market Market News and Important Data - Futures: The closing price of the egg 2507 contract yesterday was 2,882 yuan/500 kilograms, down 3.00 yuan or 0.10% from the previous trading day [3] - Spot: In Liaoning, the egg spot price was 2.96 yuan/jin, unchanged; in Shandong, it was 3.10 yuan/jin, unchanged; in Hebei, it was 2.58 yuan/jin, down 0.04 yuan. On May 27, the national production - link inventory was 1.10 days, up 0.2 days from the previous trading day, and the circulation - link inventory was 1.61 days, down 0.02 days [3] Market Analysis - The inventory of laying hens in production has changed little this month. The supply side is relatively loose. Demand in sales areas is average, and traders are cautious in purchasing. The Dragon Boat Festival stocking demand is lower than expected, and egg storage in the south will be more difficult [4] Strategy - Neutral [5]