短期止跌企稳，尝试短多

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint The national hog price is weakly stable. After continuous previous declines, market resistance has increased, local second - fattening inquiries have risen, and the decline in spot prices has slowed. In the short term, supply still exceeds demand. However, after continuous price drops, the price - holding sentiment of the breeding side is emerging. It is advisable to try short - term long positions. In the short term, attention should be paid to the changes in the slaughter rhythm of group farms and the demand recovery situation [2][21]. 3. Summary by Directory 1. Supply Situation Analysis The report includes charts such as the monthly trend chart of the inventory of breeding sows in sample enterprises (in ten thousand heads), the weekly trend chart of the average slaughter weight of national sample commercial hogs (in kilograms), and the inventory structure of commercial hogs by weight (in %) [5][6][9]. 2. Demand Situation Analysis The report analyzes demand through charts of the开工率 of key slaughtering enterprises (in %) and the frozen product storage capacity ratio of key slaughtering enterprises (in %) [12][15]. 3. Cost - Profit Analysis The report presents the self - breeding and self - raising breeding profit (in yuan per head) and the profit of purchasing piglets for breeding (in yuan per head) through relevant charts [17][19]. 4. Market Outlook The national hog price is weakly stable. After continuous previous declines, market resistance has increased, local second - fattening inquiries have risen, and the decline in spot prices has slowed. In the short term, supply still exceeds demand. However, after continuous price drops, the price - holding sentiment of the breeding side is emerging. It is advisable to try short - term long positions. In the short term, attention should be paid to the changes in the slaughter rhythm of group farms and the demand recovery situation [2][21].