如何看待6月猪企销售数据？

Investment Rating - The industry rating is "Outperform the Market" [4][72]. Core Viewpoints - In June, the total number of pigs slaughtered by 16 listed companies reached 16.6133 million heads, a month-on-month increase of 1.62% and a year-on-year increase of 46.64% [10][11]. - The average weight of pigs slaughtered in June was 128.60 kg, down by 0.90 kg month-on-month [17]. - The average selling price of pigs in June was 14.30 CNY/kg, a decrease of 2.28% month-on-month [17]. - The market for piglets saw a decline in sales, with a price of 439.29 CNY/head, down 4.21% month-on-month [11][31]. - The poultry sector is experiencing a rebound in white chicken prices, with a current price of 6.24 CNY/kg, although it is still down 0.51 CNY/kg week-on-week [37]. - The soybean meal market is under pressure, with a current price of 2924 CNY/ton, down 4 CNY/ton week-on-week [54]. Summary by Sections Pig Farming - June saw an increase in the number of pigs slaughtered, with significant growth from companies like Zhenghong Technology (+215.48%) and Jin Xin Nong (+38.35%) [10][11]. - The average weight of pigs slaughtered decreased, with listed companies averaging 122.72 kg, down 1.97 kg month-on-month [17]. - The average selling price of pigs decreased, with major companies like Muyuan and Wens selling at 14.08 CNY/kg and 14.39 CNY/kg respectively, both showing a decline [17]. Poultry Sector - White chicken prices are rebounding, with a notable increase in chick prices, as seen with Yisheng's chick price rising to 2.0 CNY/bird [37][41]. - The egg-laying hen market is facing challenges due to increased difficulties in importing chicks, maintaining high prices for quality chicks [41]. Agricultural Products - The soybean meal market is experiencing fluctuations, with current prices reflecting a slight decrease in the spot market but a stable futures market [54]. - The USDA's report indicates a projected decrease in U.S. soybean planting area, which may affect future supply dynamics [54].