Group 1: Report Industry Investment Rating - The investment rating for both the pig and egg sectors is cautiously bearish [3][6] Group 2: Core Viewpoints of the Report - In the short term, the pattern of strong supply and weak demand in the pig market is difficult to change, but in the medium and long term, attention should be paid to the reduction of production capacity and national policy changes [2] - The significant pressure on the supply side of eggs makes the festival boost obviously weak this year, and attention should be paid to the impact of cold - storage eggs entering the market on the spot market [5] Group 3: Summary by Related Catalogs Pig Market Market News and Important Data - Futures: The closing price of the live pig 2511 contract yesterday was 13,320 yuan/ton, a change of +5.00 yuan/ton from the previous trading day, a change of +0.04% [1] - Spot: In Henan, the price of external ternary live pigs was 13.50 yuan/kg, a change of +0.02 yuan/kg from the previous trading day; in Jiangsu, it was 13.65 yuan/kg, unchanged; in Sichuan, it was 13.15 yuan/kg, unchanged [1] - Agricultural product prices: On September 11, the "200 - Index of Agricultural Product Wholesale Prices" rose 0.11 points, the "Vegetable Basket" product wholesale price index rose 0.13 points. The average wholesale price of pork was 19.93 yuan/kg, up 0.1%; beef was 65.77 yuan/kg, up 0.3%; mutton was 61.17 yuan/kg, up 0.1%; eggs were 7.93 yuan/kg, up 0.4%; white - striped chickens were 17.61 yuan/kg, up 0.2% [1] Market Analysis - The weight - reducing slaughter of group factories has significantly weakened the boosting effect of festivals this year. The pig production capacity has remained at around 40.5 million heads for about a year, and there is room for reduction in the production capacity in the future with the improvement of production efficiency [2] Strategy - Cautiously bearish [3] Egg Market Market News and Important Data - Futures: The closing price of the egg 2510 contract yesterday was 3044 yuan/500 kilograms, a change of +25.00 yuan from the previous trading day, a change of +0.83% [3] - Spot: In Liaoning, the egg spot price was 3.27 yuan/jin, unchanged; in Shandong, it was 3.65 yuan/jin, a change of +0.10 yuan; in Hebei, it was 3.27 yuan/jin, a change of +0.16 yuan [3] - Inventory: On September 11, the national production - link inventory was 0.45 days, a decrease of 0.03 days from the previous day, a decrease of 6.25%. The circulation - link inventory remained unchanged at 0.79 days [3] Market Analysis - High - temperature weather in mid - and early August led to frequent problems of egg storage deterioration, and all links were cautious in purchasing. In late August, downstream stocking drove up egg prices slightly. School demand recovered this month, but tourism and catering demand declined significantly. Food enterprise processing demand was strong in mid - and early September, but the peak production season of food enterprises ended near the Mid - Autumn Festival. Supermarkets and e - commerce still had some pre - festival promotion demand, and overall demand gradually declined over time [4] Strategy - Cautiously bearish [6]
农产品日报：养殖端挺价，猪价延续震荡-20250912
Hua Tai Qi Huo·2025-09-12 05:27