Report Industry Investment Rating - The investment rating for the pig and egg markets is cautiously bearish [3][5] Core Viewpoints - 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 overall demand for eggs is still strong due to the festival boost, but attention should be paid to the impact of cold - storage eggs entering the market on the spot market [4] Summary by Related Catalogs Pig Market Market News and Important Data - Futures: The closing price of the live pig 2511 contract yesterday was 13,160 yuan/ton, a change of - 115.00 yuan/ton from the previous trading day, a decrease of 0.87% [1] - Spot: In Henan, the price of external ternary live pigs was 13.17 yuan/kg, a change of - 0.15 yuan/kg from the previous trading day; in Jiangsu, it was 13.39 yuan/kg, a change of - 0.10 yuan/kg; in Sichuan, it was 12.76 yuan/kg, a change of - 0.11 yuan/kg [1] - Wholesale market: On September 16, the "Agricultural Product Wholesale Price 200 Index" rose 0.06 points; the "Vegetable Basket" product wholesale price index rose 0.08 points. The average price of pork was 19.88 yuan/kg, unchanged; beef was 65.65 yuan/kg, unchanged; mutton was 61.21 yuan/kg, up 0.2%; eggs were 8.13 yuan/kg, up 0.2%; white - striped chickens were 17.68 yuan/kg, up 0.9% [1] Market Analysis - The weight - reducing slaughter of group factories has weakened the festival's boosting effect. In the short term, the pattern of strong supply and weak demand is hard to change, and in the long term, attention should be paid to the reduction of breeding sows and policy changes [2] Strategy - Cautiously bearish [3] Egg Market Market News and Important Data - Futures: The closing price of the egg 2511 contract yesterday was 3,113 yuan/500 kg, a change of - 30.00 yuan from the previous trading day, a decrease of 0.95% [3] - Spot: In Liaoning, the egg spot price was 3.60 yuan/jin, a change of + 0.11 from the previous trading day; in Shandong, it was 3.85 yuan/jin, a change of + 0.10; in Hebei, it was 3.60 yuan/jin, unchanged [3] - Inventory: On September 16, the national production - link inventory was 0.50 days, an increase of 0.05 days from the previous trading day, and the circulation - link inventory was 0.60 days, an increase of 0.04 days [3] Market Analysis - After the egg price increase, the terminal consumption and sales are smooth, and the demand is still strong due to the festival boost. Attention should be paid to the impact of cold - storage eggs entering the market [4] Strategy - Cautiously bearish [5]
农产品日报：市场供应宽松，猪价偏弱震荡-20250917
Hua Tai Qi Huo·2025-09-17 02:38