农产品日报：现货价格回升，猪价偏强震荡-20251015

Group 1: Report Industry Investment Rating - The investment rating for both the pig and egg markets is cautiously bearish [3][5] Group 2: Core Viewpoints - In the pig market, the pre - holiday stocking during the Double Festival was lackluster, with limited overall demand growth. The October holiday affected the pig slaughter schedule, leading to an accelerated post - holiday slaughter rhythm by group farms and concentrated slaughter by散户. The supply pressure is gradually being released, and the demand side is expected to decline in the short term. The oversupply situation in the pig market is unlikely to change in the short term [2] - In the egg market, after the holiday, egg prices dropped rapidly. Traders were cautious in purchasing, and all sectors accumulated inventory passively. The consumer terminal has returned to the off - season normal demand this week, with no short - term positive factors. All sectors are mainly digesting the previous inventory, and the consumption demand has declined significantly. During the seasonal off - season, the large supply pressure suppresses the spot price, and the market sentiment is pessimistic [4] Group 3: Market News and Important Data Pig Market - Futures: The closing price of the live hog 2511 contract yesterday was 11,450 yuan/ton, up 325 yuan/ton or 2.92% from the previous trading day [1] - Spot: The ex - ternary live hog price in Henan was 11.10 yuan/kg, down 0.01 yuan/kg; in Jiangsu, it was 11.20 yuan/kg, down 0.01 yuan/kg; in Sichuan, it was 10.43 yuan/kg, unchanged. The spot basis in Henan was LH11 - 350, down 335; in Jiangsu, it was LH11 - 250, down 335; in Sichuan, it was LH11 - 1020, down 325 [1] - Agricultural product prices: On October 14, the "Agricultural Product Wholesale Price 200 Index" was 118.92, up 0.22 points; the "Vegetable Basket" product wholesale price index was 119.86, up 0.25 points. The average wholesale price of pork in the national agricultural product market was 18.48 yuan/kg, up 0.1%; beef was 66.05 yuan/kg, down 0.4%; mutton was 61.85 yuan/kg, down 0.3%; eggs were 7.60 yuan/kg, down 2.1%; white - striped chicken was 17.66 yuan/kg, up 0.6% [1] Egg Market - Futures: The closing price of the egg 2511 contract yesterday was 2,852 yuan/500 kilograms, up 44 yuan or 1.57% from the previous trading day [3] - Spot: The egg spot price in Liaoning was 2.71 yuan/jin, unchanged; in Shandong, it was 2.75 yuan/jin, unchanged; in Hebei, it was 2.42 yuan/jin, unchanged. The spot basis in Liaoning was JD11 - 142, down 44; in Shandong, it was JD11 - 102, down 44; in Hebei, it was JD11 - 432, down 44 [3] - Inventory: On October 14, 2025, the national production - link inventory was 1.73 days, down 0.21 days or 10.82%; the circulation - link inventory was 1.77 days, down 0.20 days or 10.15% [3]