生猪数据日报-20250819

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The overall spot market is stable, with an increase in both the number of second - fattened pigs being sold and the sales volume. The monthly growth rate of pig slaughter reaches its peak in October, and the weight is gradually decreasing but still has room to fall. The weight reduction of pigs in farming is not obvious, there is still pressure on the spot market, and the near - month contracts remain weak. It is recommended to continue holding the 9 - 11 reverse spread [2]. Group 3: Summary by Relevant Catalog Spot Price and Basis - On August 18, 2025, the national average live pig price was 13.4 yuan/kg, up 0.03 yuan/kg. Among different regions, prices in various provinces showed different changes, such as 13.68 yuan/kg in Henan, down 0.13 yuan/kg; 14.93 yuan/kg in Guangdong, down 0.7 yuan/kg [2]. - The basis between different regions and LH2509 also varied, with the basis in Henan being 40, up 55; in Guangdong being 690, down 185 [2]. Futures Contract Price - LH2509 was priced at 13,640 yuan, down 185; LH2511 was 13,820 yuan, down 125; LH2601 was 14,160 yuan, down 65. The spread between LH09 - 11 was - 180, down 60; the spread between LH11 - 01 was - 340, down 60 [2]. Pig Slaughter and Weight - According to Yongyi data, pig slaughter began to increase month - on - month in August, with the fastest month - on - month growth rate in October. The average weight of slaughtered pigs this week was 127.82 kg, up 0.02 kg from last week (a month - on - month increase of 0.02%) and 1.65 kg more than the same period last year (a year - on - year increase of 1.31%) [2]. Piglet Market - This week, the average selling price of 15 - kg piglets was 484 yuan/head, down 3 yuan/head from last week. As the piglets purchased now cannot be sold before the Spring Festival, farmers' enthusiasm for purchasing piglets has decreased, and the piglet price has started to decline, showing a weak trend in the short term [2].