农业周报：出栏体重下降，重视生猪板块投资机会-20250622

Investment Rating - The report indicates a neutral investment rating for the agricultural sector, with expectations of limited movement in the next 3-6 months [80]. Core Insights - The agricultural sector index decreased by 3.13% this week, underperforming compared to the Shanghai Composite Index [13][14]. - The pig farming sector shows signs of recovery with a current average price of 14.22 CNY/kg, reflecting a weekly increase of 1.43% [21][22]. - The poultry farming sector is stabilizing, with white feather chicken prices at 7.12 CNY/kg, down 2.06% from the previous week [32]. - The beef and dairy sectors are experiencing price fluctuations, with live cattle prices at 26.65 CNY/kg, showing a slight decrease [41]. - The planting industry is expected to improve if there is a significant reduction in grain production due to external uncertainties [48]. Summary by Sections 1. Market Review - The agricultural index closed at 2640.23 points, down 3.13% week-on-week, while the Shanghai Composite Index decreased by 0.51% [13][14]. 2. Key Data Tracking 2.1 Pig Farming - The average weight of pigs at slaughter is 128.28 kg, with a slight decrease of 0.54 kg from the previous week [21][22]. - The profit for self-bred pigs is 19.40 CNY/head, showing a week-on-week increase of 22.30 CNY/head [21][22]. 2.2 Poultry Farming - The average price for white feather chickens is 7.12 CNY/kg, reflecting a decrease of 2.06% [32]. - The overall price stability is attributed to balanced supply and demand [32]. 2.3 Livestock - Live cattle prices are at 26.65 CNY/kg, with a slight decrease of 0.02% [41]. - The dairy sector is seeing a decline in prices, with average milk prices at 3.04 CNY/kg, down 0.33% week-on-week [41]. 2.4 Planting Industry - Domestic corn prices are at 2,342.86 CNY/ton, up 0.37% week-on-week [47]. - The planting sector is stabilizing, with potential improvements if grain production decreases significantly [48]. 2.5 Feed & Aquaculture - Feed prices remain stable, with pig feed at 3.36 CNY/kg [65]. - Aquaculture prices are also stable, with various fish prices showing minimal changes [65].