生猪数据日报-20250730

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core View of the Report - The current spot market for live pigs is stable but weak. There is an expectation of weight reduction and increased slaughter, and the overall upside for the spot market is limited. The futures market was dragged down by commodities and declined. From June to July, the month - on - month decline in pig slaughter was mainly due to the slowdown in slaughter caused by winter piglet losses. Group farms stopped large - scale weight reduction this month, while the weight of individual farmers continued to increase steadily. This week, the average slaughter weight of pigs was 128.48 kg, a month - on - month decrease of 0.27% and a year - on - year increase of 2.46%. Piglet prices changed little compared with last week. Pig inventory will gradually increase in the second half of this year. Near - term contracts may follow the spot market, and long - term contracts should focus on weight reduction and consumption [2]. 3. Summary by Relevant Catalog Pig Price Data - Regional Spot Prices: On July 29, 2025, the pig prices in various regions were as follows: Henan 13.94 yuan/kg (-0.06), Hunan 13.912 yuan/kg (-0.05), Hubei 13.72 yuan/kg (-0.08), etc. The national average price was 13.23 yuan/kg (-0.1) [2]. - Futures Contract Prices: LH2509 was 14150 yuan, up 25; LH2511 was 14125 yuan, down 125; LH2601 was 14400 yuan, down 95. The spread LH09 - 11 was 25 (up 150), and LH11 - 01 was -275 (down 30) [2]. Pig Slaughter and Weight - From June to July, the month - on - month decline in pig slaughter was due to the slowdown in slaughter caused by winter piglet losses. This week, the average slaughter weight of pigs was 128.48 kg, a month - on - month decrease of 0.35 kg (0.27%) and a year - on - year increase of 3.09 kg (2.46%) [2]. Piglet Complementary Stocking - Piglet prices changed little compared with last week [2].