农产品日报：需求持续疲软，猪价震荡运行-20250606

Group 1: Report Industry Investment Ratings - Investment rating for the pig market: Cautiously bearish [3] - Investment rating for the egg market: Neutral [5] Group 2: Core Views of the Report - The pig market is in a pattern of strong supply and weak demand, with prices fluctuating widely in May. As it enters the seasonal consumption off - season, there is a lack of short - term positive factors. Long - term attention should be paid to pig出栏情况, secondary fattening, and frozen product changes [2] - The egg market has entered the seasonal consumption off - season. After the Dragon Boat Festival food enterprise stocking ended and with the decline in school demand after the mid - and high - school entrance exams, along with the high - temperature and high - humidity environment in the southern rainy season, the short - term supply - demand pattern of oversupply is difficult to change [4] Group 3: Market News and Important Data Pig Market - Futures: The closing price of the live pig 2509 contract yesterday was 13,485 yuan/ton, a change of - 5.00 yuan/ton (- 0.04%) from the previous trading day [1] - Spot: In Henan, the price of external ternary live pigs was 14.03 yuan/kg, a change of - 0.18 yuan/kg; in Jiangsu, it was 14.42 yuan/kg, a change of - 0.08 yuan/kg; in Sichuan, it was 14.00 yuan/kg, a change of - 0.08 yuan/kg [1] - Agricultural product wholesale prices on June 5: The "Agricultural Product Wholesale Price 200 Index" was 113.50, up 0.06 points; the "Vegetable Basket" product wholesale price index was 113.63, up 0.07 points. The average price of pork was 20.70 yuan/kg, down 0.2%; beef was 64.44 yuan/kg, up 1.5%; mutton was 59.76 yuan/kg, up 1.2%; eggs were 7.76 yuan/kg, up 0.8%; white - striped chickens were 17.54 yuan/kg, up 1.1% [1] Egg Market - Futures: The closing price of the egg 2507 contract yesterday was 2,878 yuan/500 kilograms, a change of + 1.00 yuan (+ 0.03%) from the previous trading day [3] - Spot: In Liaoning, the egg spot price was 2.78 yuan/jin, with no change; in Shandong, it was 2.90 yuan/jin, with no change; in Hebei, it was 2.58 yuan/jin, with no change [3] - Inventory: On June 5, 2025, the national production - link inventory was 1.02 days, an increase of 0.02 days (2.00%); the circulation - link inventory was 1.42 days, an increase of 0.03 days (2.16%) [3]