Workflow
建信期货生猪日报-20250821
Jian Xin Qi Huo·2025-08-21 01:57

Report Information - Report Date: August 21, 2025 [2] - Report Type: Pig Daily Report [1] Investment Rating - No investment rating information is provided in the report. Core Viewpoints - The spot market for pigs has a loose supply - demand balance, with increased supply from farmers and weak demand in the off - season, so spot prices may continue to face pressure [9]. - The near - month 2509 futures contract follows the spot market and fluctuates weakly. The 2511 and 2601 contracts are in the peak demand season. Although currently dragged down by the spot market and undergoing a weak correction, long - term positive factors limit the downside space [9]. Summary by Section 1. Market Review and Operation Suggestions - Futures Market: On the 20th, the main 2511 contract of live pigs opened flat, fluctuated downward, and closed with a negative line. The highest was 13,900 yuan/ton, the lowest was 13,685 yuan/ton, and the closing price was 13,775 yuan/ton, down 0.72% from the previous day. The total open interest of the index increased by 2,299 lots to 183,725 lots [8]. - Spot Market: On the 20th, the average price of ternary pigs nationwide was 13.74 yuan/kg, up 0.07 yuan/kg from the previous day [8]. - Demand Side: The utilization rate of pigsties is high, the enthusiasm for secondary fattening is low, and the terminal demand is weak due to hot weather. The orders of slaughtering enterprises are average, but the slaughter volume and the opening rate have increased slightly. On August 20th, the slaughter volume of sample slaughtering enterprises was 140,800 heads, an increase of 500 heads from the previous day and 1,800 heads from a week ago [9]. - Supply Side: The planned pig slaughter volume of sample enterprises in August is 24.72 million heads, a 6.6% month - on - month increase from July. The enthusiasm of farmers for slaughter is high, and there is still pressure on slaughter, while the slaughter weight has decreased slightly [9]. 2. Industry News - No specific industry news content is provided in the report. 3. Data Overview - Profit: As of August 15th, the average profit per self - bred and self - raised pig was 101 yuan/head, a week - on - week decrease of 36 yuan/head; the average profit per pig from purchased piglets was - 52 yuan/head, a week - on - week increase of 1.3 yuan/head [14]. - Piglet Price: The average market sales price of 15 - kg piglets in the week of August 15th was 484 yuan/head, a decrease of 33 yuan/head from the previous week [14]. - Slaughter Volume: In the week of August 15th, the slaughter volume of the slaughter sample was 1.6335 million heads, a week - on - week increase of 30,100 heads and a growth rate of 1.88%. The average daily slaughter volume was 138,446 heads, an increase of 1,321 heads from the previous week and a daily growth rate of 0.96% [14]. - Planned Slaughter Volume: The planned pig slaughter volume of sample enterprises in August was 24.72 million heads, a 6.6% month - on - month increase from July [14]. - Average Slaughter Weight: As of the week of August 15th, the average slaughter weight of pigs nationwide was 127.82 kg, a week - on - week increase of 0.02 kg and a year - on - year increase of 1.65 kg [14].