生猪数据日报-20250821

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - Spot prices are generally stable, with an increase in both the number of second - fattened pigs for sale and sales volume. Piglet prices are expected to be weak in the short term. The effect of reducing the weight of live pigs is not obvious, there is still spot pressure, and the process of destocking takes time. Futures show an overall oscillating trend [3] Group 3: Summary by Relevant Content Spot Price - On August 20, 2025, the national average price of live pigs was 13.53 yuan/kg, up 0.13 yuan/kg. The prices in different regions ranged from 13.27 yuan/kg (Jilin) to 15.16 yuan/kg (Guangdong), with price changes in each region from 0 to 0.23 yuan/kg [3] Futures Price - On August 20, 2025, LH2509 was 13715 yuan, down 65 yuan; LH2511 was 13775 yuan, down 125 yuan; LH2601 was 14110 yuan, down 90 yuan. The spread between LH09 - 11 was - 60 yuan (up 60 yuan), and the spread between LH11 - 01 was - 335 yuan (down 35 yuan) [3] Supply and Demand - 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 slaughter weight 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 higher than the same period last year (a year - on - year increase of 1.31%) [3] Piglet Market - This week, the average market sales price of 15kg piglets was 484 yuan/head, down 3 yuan/head from last week. Due to the difficulty of the current batch of piglets to be slaughtered before the Spring Festival, farmers' enthusiasm for replenishment has decreased, and piglet prices have started a downward trend [3]