东吴期货生猪周报-20250915

Report Summary Report Industry Investment Rating - Not provided in the content Core Viewpoints - Northern regional pig prices fluctuated weakly, with mediocre demand. The slaughter rhythm of social pig sources accelerated, but the external sales volume of leading groups was limited, supporting a narrow price decline [2]. - Southern pig prices were stable or declined over the weekend. In the South China market, after pig prices fell to a low level, the resistance psychology of some enterprises increased. Coupled with the weekend boost, the sales of live pigs improved slightly, and prices stopped falling and remained stable. In the Southwest and Hubei and Hunan regions, supply remained high and demand was average, leading to price declines [2]. - The off - season supply has ended, and there may be a pattern of increasing supply and demand in September. However, the weight - loss effect of pig enterprises in the early stage was significant, 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, and there is always room for secondary fattening to enter the market [3] Grouped by Related Content Pig Price Trends - Northern regional pig prices fluctuated weakly, and southern prices were stable or declined [2] Supply and Demand Analysis - In September, there may be a pattern of increasing supply and demand, but early - stage weight - loss by pig enterprises may ease supply pressure, and there is space for secondary fattening [3] Data Graphs - There are multiple data graphs including pig slaughter average price, pig warehouse receipt quantity, sow inventory affecting future prices, comparison of national and Henan pig prices, pig inventory structure change, pig slaughter average weight, PSY production index of sows, frozen pork storage rate, culled sow average price, pig slaughter volume, sow culling volume, pig purchase profit seasonality, pig self - breeding profit seasonality, pig slaughter gross profit seasonality, key pig slaughter enterprise operating rate, and average price of piglets seasonality [4][7][9]