东吴期货生猪周报-20250901

Group 1: Report Core Views - Northern regional pig prices have been rising continuously. The reduction in the quantity of pigs sold by enterprises has driven up pig prices, with the increase exceeding expectations. The enthusiasm of individual farmers and second - fattening operators to sell pigs has increased, mainly to digest large - weight pig sources, and the price has been stable with limited changes. Slaughterhouse slaughter volume has increased steadily but slowly due to the reduction in enterprise supply [2]. - Most southern markets have seen rising prices. The limited quantity of pigs sold by breeding enterprises has reduced the supply, supporting the market price increase. Attention should be paid to the changes in the enterprise - side slaughter rhythm in recent days [2]. - The off - season supply has ended, and there may be a pattern of both supply and demand increasing in September. However, the weight - loss effect of pig enterprises in the early stage is obvious, which may reduce the supply pressure in September. Moreover, the price difference between standard and fat pigs has always maintained a certain profit for raising large pigs, so there is always room for second - fattening to enter the market [3] Group 2: Data Presented in the Report - The report presents data on various aspects of the pig industry, including the average price of pig slaughter, the seasonal number of pig warehouse receipts, the impact of the number of breeding sows on pig prices 10 months later, the comparison between national and Henan pig prices, the change in pig inventory structure, the average weight of pig slaughter, the PSY production index of breeding sows, the cold - storage rate of frozen pork, the average price of culled sows, pig slaughter volume, the number of culled breeding sows, the seasonal profit of purchased pigs, the seasonal profit of self - raised pigs, the seasonal gross profit of pig slaughter, the开工率 of key pig slaughter enterprises, and the seasonal average price of piglets [4][5][6]