期价止跌企稳，底部震荡

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - With the supporting effects of secondary fattening entry and frozen product warehousing gradually emerging, the decline of live pig prices has stopped in recent days. However, the strength of these two supports is limited and difficult to drive a significant price rebound. Before the end of October, live pig prices will not see significant adjustments and will mainly show "bottom - range fluctuations" with a relatively narrow price fluctuation range [2][21] 3. Summary by Related Catalogs 3.1 Supply Situation Analysis - The report presents the monthly trend chart of the inventory of reproductive sows in sample enterprises (in ten thousand heads), the weekly trend chart of the average slaughter weight of national sample commercial pigs (in kilograms), and the inventory structure of commercial pigs by weight (%) [5][7][11] 3.2 Demand Situation Analysis - The report shows the operating rate (%) of key slaughtering enterprises and the frozen product storage capacity rate (%) of key slaughtering enterprises [13][16] 3.3 Cost - Profit Analysis - The report includes the self - breeding and self - raising farming profit (yuan per head) and the profit from purchasing piglets for fattening (yuan per head) [18][20] 3.4 Market Outlook - With the supporting effects of secondary fattening entry and frozen product warehousing gradually emerging, the decline of live pig prices has stopped in recent days. But these two supports are not strong enough to drive a significant price rebound. Before the end of October, live pig prices will mainly show "bottom - range fluctuations" with a narrow price range [2][21]