农产品日报：养殖端挺价，猪价维持震荡-20250611

1. Report Industry Investment Ratings - The investment rating for the pig futures market is cautiously bearish [3] - The investment rating for the egg futures market is neutral [5] 2. Core Views - The pig market is expected to maintain a pattern of strong supply and weak demand due to stable downstream consumption and potential supply pressure from large fat pigs [2] - The egg market currently has a seasonal weak demand, and the short - term market pattern of oversupply is difficult to change [4] 3. Summary by Relevant Catalogs Pig Market Market News and Important Data - Futures: The closing price of the live hog 2509 contract was 13,595 yuan/ton, up 120 yuan/ton or 0.89% from the previous trading day [1] - Spot: Henan's outer three - yuan live hog price was 14.01 yuan/kg, up 0.11 yuan/kg; Jiangsu's was 14.25 yuan/kg, up 0.13 yuan/kg; Sichuan's was 13.88 yuan/kg, up 0.10 yuan/kg [1] - Agricultural product wholesale prices on June 10: The "Agricultural Product Wholesale Price 200 Index" was 113.09, down 0.02 points; the "Vegetable Basket" product wholesale price index was 113.15, down 0.04 points. The national average wholesale price of pork was 20.30 yuan/kg, down 0.8% [1] Market Analysis - With acceptable breeding profits, the supply side will not make significant strategic adjustments. The demand side is hard to improve, and the pattern of strong supply and weak demand will continue. The supply pressure of large fat pigs is large, which may lead to a wide - range inversion of the fat - to - standard pig price difference and further increase the supply pressure [2] Strategy - The strategy is to be cautiously bearish [3] Egg Market Market News and Important Data - Futures: The closing price of the egg 2507 contract was 2,833 yuan/500 kilograms, down 4 yuan or 0.14% from the previous trading day [3] - Spot: In Liaoning, the egg price was 2.64 yuan/jin; in Shandong, it was 2.80 yuan/jin; in Hebei, it was 2.56 yuan/jin, with no change from the previous trading day [3] - Inventory: On June 10, the national production - link inventory was 1.08 days, up 0.08 days; the circulation - link inventory was 1.55 days, up 0.05 days [3] Market Analysis - After the Dragon Boat Festival, demand declined due to inventory clearance. After the college entrance examination, school demand decreased, while tourism and catering demand increased. However, due to high temperature and humidity, the storage time of eggs decreased, and traders were cautious in purchasing, resulting in weak overall demand [4] Strategy - The strategy is neutral [5]