生猪数据日报-20250808

Report Summary 1. Report Industry Investment Rating - No industry investment rating information is provided in the report. 2. Core View of the Report - Today's overall spot market is stable. After the price drop in the previous few days, farmers expect to hold prices. According to Yongyi data, the monthly hog slaughter began to increase month - on - month in August, with the fastest month - on - month growth rate in October. The weight is gradually declining but still has room to fall. There was little change in piglet prices compared to last week. The continuous decline in spot prices in July led to some capacity reduction. The downward space for spot prices is limited, but it will still take time for prices to rise. Near - month contracts may follow the weak spot market. Continue to focus on the 9 - 11 reverse spread [2]. 3. Summary by Relevant Catalog Hog Price Data - On August 7, 2025, the national average hog price was 13.2 yuan/kg, down 0.1 yuan/kg. Prices in various regions also showed a downward trend, with price drops ranging from 0.09 to 0.21 yuan/kg. For example, the price in Henan was 13.86 yuan/kg, down 0.14 yuan/kg; in Hunan, it was 13.66 yuan/kg, down 0.12 yuan/kg; in Guangdong, it was 15.3 yuan/kg, down 0.2 yuan/kg [2]. Futures Contract Data - On August 7, 2025, the price of LH2509 was 13,870 yuan, up 60 yuan; LH2511 was 14,100 yuan, up 90 yuan; LH2601 was 14,395 yuan, up 85 yuan. The spread between LH09 - 11 was - 230 yuan, down 30 yuan; the spread between LH11 - 01 was - 295 yuan, up 5 yuan [2]. Hog Slaughter and Weight Data - According to Yongyi data, the monthly hog slaughter began to increase month - on - month in August, with the fastest month - on - month growth rate in October. This week, the average weight of hog slaughter was 127.98 kg, down 0.50 kg from last week, a month - on - month decrease of 0.39%, and up 2.52 kg from the same period last year, a year - on - year increase of 2.01% [2]. Piglet Price Data - Piglet prices have not changed much compared to last week [2].