Investment Rating - The report provides an investment rating for various companies in the consumer staples sector, with several companies rated as "Outperform" and one as "Neutral" [1]. Core Insights - The report highlights that soybean prices have risen by more than 10% since the beginning of the year, impacting the cost structure of essential consumer goods [9]. - The cost indices for six categories of consumer goods showed mixed trends, with spot cost indices for instant noodles, soft drinks, frozen food, condiments, dairy products, and beer changing by +0.56%, +0.55%, +0.04%, -0.18%, -0.94%, and -1.89% respectively [42]. - The futures cost indices for the same categories changed by +1.22%, -0.27%, +0.41%, +0.28%, -1.38%, and -0.26% respectively [42]. Summary by Category Beer - As of June 27, the spot cost index for beer was 114.03, down 0.21% from the previous week, and the futures index was 114.41, down 0.30% [13]. - Year-to-date, the spot and futures indices have declined by 2.82% and 8.15% respectively [43]. Condiments - The spot cost index for condiments was 102.91, down 0.22%, while the futures index was 103, down 1.21% [17]. - Year-to-date changes were -0.34% for spot and -5.92% for futures [44]. Dairy Products - The spot cost index for dairy products was 103.80, down 0.02%, and the futures index was 95.23, down 0.77% [22]. - Fresh milk prices dropped to 3.04 yuan per kilogram, a 7.6% year-on-year decrease [45]. Instant Noodles - The spot cost index for instant noodles was 103.07, down 0.75%, and the futures index was 104.27, down 2.38% [27]. - Year-to-date declines were 2.81% for spot and 3.87% for futures [46]. Frozen Food - The spot cost index for frozen food was 119.28, up 0.02%, and the futures index was 118.82, down 1.35% [32]. - Year-to-date declines were 1.09% for spot and 1.86% for futures [47]. Soft Drinks - The spot cost index for soft drinks was 109.02, down 0.53%, while the futures index was 112.89, up 0.13% [36]. - Year-to-date declines were 3.36% for spot and 6.54% for futures [48].