生猪：假期现货跌幅加大，收基差行情

Report Summary 1) Report Industry Investment Rating - The trend strength is -2, indicating a strong bearish view. The range of trend strength is an integer within the [-2, 2] interval, with -2 being the most bearish and 2 being the most bullish [2]. 2) Report Core View - The report focuses on the pig market, highlighting that the spot price decline increased during the holiday, and it is a basis - closing market [1]. 3) Summary by Related Catalogs Fundamental Tracking - Spot Prices: The Henan spot price is 12,480 yuan/ton with a year - on - year increase of 50; the Sichuan spot price is 11,900 yuan/ton with a year - on - year increase of 0; the Guangdong spot price is 12,660 yuan/ton with a year - on - year decrease of 50 [1]. - Futures Prices: The prices of pig2511, pig2601, and pig2603 are 12,355 yuan/ton, 12,825 yuan/ton, and 12,480 yuan/ton respectively, with year - on - year increases of 60, 40, and 30 [1]. - Trading Volume and Open Interest: The trading volume of pig2511, pig2601, and pig2603 is 44,100 hands, 31,876 hands, and 9,786 hands respectively, with decreases of 14,620 hands, 5,178 hands, and 4,541 hands compared to the previous day. The open interest of pig2511, pig2601, and pig2603 is 61,105 hands, 76,877 hands, and 52,713 hands respectively, with changes of - 14,348 hands, + 456 hands, and + 108 hands compared to the previous day [1]. - Basis: The basis of pig2511 is 125 yuan/ton with a year - on - year decrease of 10 [1].