饲料养殖产业日报-20250610

Report Industry Investment Rating No relevant content provided. Core View of the Report - The overall supply-demand situation in the feed and breeding industry is complex, with different products facing different supply and demand pressures and price trends. For example, the pig price is under pressure in the short and long term, the egg price is under pressure in the short and medium term but may ease in the long term, and the price trends of various oils and fats are also affected by multiple factors such as production, consumption, and policies [1][2][5]. Summary by Related Catalogs Pig - On June 10, the spot prices of pigs in Liaoning, Henan, and other regions were stable with a slight increase. The short - term pig price is expected to fluctuate and consolidate, and the long - term price rebound is under pressure due to large supply. The 07, 09, and 11 contracts of the futures are recommended to short at the rebound pressure level [1]. Egg - On June 10, the egg prices in Shandong and Beijing were stable. In the short term, the egg price has some support but is under pressure due to seasonal factors. In the medium term, the supply is expected to increase. In the long term, the supply pressure may ease in the fourth quarter. Different strategies are recommended for different contracts [2]. Oils and Fats - On June 9, the prices of palm oil, soybean oil, and rapeseed oil showed different trends. Palm oil's export data improved in May, and the inventory accumulation speed in Malaysia slowed down, but the long - term accumulation trend remains. Soybean oil is affected by policies and fundamental factors, and the domestic inventory is expected to increase. Rapeseed oil is affected by factors such as Canada's supply and China - Canada relations. The overall oils and fats market is expected to fluctuate and bottom out in June and may rebound from the third quarter [4][5][6]. Bean Meal - On June 9, the domestic bean meal futures price rose. In the short term, the price is affected by US soybean weather, and the domestic inventory is expected to increase. In the long term, the price is expected to be stable with an upward trend due to cost and weather factors. The M2509 contract is recommended to go long at low levels [8]. Corn - On June 9, the corn prices in some regions were stable with a slight increase. In the short term, the corn price has support due to supply - demand game. In the long term, the price has an upward drive but the upward space is limited. The 07 contract is recommended to go long at the lower edge of the range, and the 7 - 9 spread arbitrage is recommended [9]. Futures Market Overview - The table shows the price changes of various futures and spot products on June 9, including CBOT soybeans, bean meal, corn, etc., providing a reference for the market situation [10].