Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-18 10:14Group 1: Report Summary - The report is a daily report on the pig industry dated September 18, 2025, provided by Ruidah Futures [1][2] Group 2: Investment Rating - No investment rating information is provided in the report Group 3: Core View - The overall supply - demand situation of the pig industry is loose, putting pressure on pig prices. The main 2511 contract is trading below the 13,000 - yuan mark, with the system moving averages showing a short - position arrangement and the market in a generally bearish and volatile state [2] Group 4: Data Summary by Category Futures Market - The closing price of the main pig futures contract is 12,830 yuan/ton, down 170 yuan; the position volume of the main contract is 98,989 lots, up 4,913 lots; the number of warehouse receipts is 428 lots, unchanged; the net long position of the top 20 futures holders is - 27,198 lots, down 1,011 lots [2] Spot Market - Pig prices in Henan Zhumadian are 12,900 yuan/ton, down 200 yuan; in Jilin Siping are 12,600 yuan/ton, down 100 yuan; in Guangdong Yunfu are 13,800 yuan/ton, unchanged. The main pig basis is 70 yuan/ton, down 30 yuan [2] Upstream Situation - Pig inventory is 42,4470,000 heads, up 7160,000 heads; the inventory of breeding sows is 4,0420,000 heads, down 10,000 heads. CPI year - on - year is - 0.4%, down 0.4 percentage points. The spot price of soybean meal in Zhangjiagang is 2,950 yuan/ton, down 30 yuan; the spot price of corn is 2,360.59 yuan/ton, down 0.39 yuan. The DCE pig feed cost index is 898.86, up 3.92. The monthly output of feed is 28,273,000 tons, down 1,104,000 tons. The price of binary breeding sows is 1,625 yuan/head, unchanged. The breeding profit of purchased piglets is - 161.93 yuan/head, down 35.69 yuan; the breeding profit of self - bred and self - raised pigs is 16.84 yuan/head, down 35.81 yuan. The monthly import volume of pork is 80,000 tons, down 10,000 tons. The average price of white - striped chickens in the main producing areas is 14.3 yuan/kg, unchanged [2] Downstream Situation - The slaughter volume of designated pig slaughtering enterprises is 31,660,000 heads, up 1,600,000 heads. The monthly retail sales of social consumer goods in the catering industry is 449.57 billion yuan, down 8.4 billion yuan [2] Industry News - According to Shanghai Ganglian's data, on September 18, 2025, the daily national pig slaughter volume of key breeding enterprises was 258,356 heads, down 5.92% from the previous day. The September pig supply is theoretically determined by the November 2024 inventory of breeding sows, which was the peak of the previous growth cycle. Coupled with the month - on - month increase in the number of newborn piglets six months ago, there is expected to be pressure on the supply in the near term [2]