Report Information - Report Name: Pig Daily Report [1] - Date: October 29, 2025 [2] Core Views - On the supply side, pig slaughter is expected to increase slightly until the first half of next year, with a significant increase in October. Although the pressure on large - scale farms has eased to some extent, there is still supply pressure. Farmers are reluctant to sell due to the expanding price difference between fat and standard pigs. On the demand side, the enthusiasm for secondary fattening has decreased, and terminal consumption has increased but lacks continuous growth. Spot prices may rebound but have limited upside, and futures prices also face supply pressure before the Spring Festival, with limited upward space [7] Section Summaries 1. Market Review and Operation Suggestions - Futures: On the 28th, the main 2601 contract of live pigs opened slightly lower, then fluctuated and declined. It closed at 12,160 yuan/ton, down 1.30% from the previous day, and the total open interest of the index increased by 11,847 lots to 308,132 lots [6] - Spot: On the 28th, the national average price of foreign ternary pigs was 12.51 yuan/kg, up 0.31 yuan/kg from the previous day [6] 2. Industry News - No specific news content is provided in the given text 3. Data Overview - Profit: As of October 23, the average profit per self - bred and self - raised pig was - 138 yuan/head, a weekly increase of 50.4 yuan/head; the average profit per pig purchased as a piglet was - 378.6 yuan/head, a weekly increase of 53.6 yuan/head [12] - Price: The average market selling price of 15kg piglets in the week of October 23 was 255 yuan/head, a decrease of 10 yuan/head from the previous week. The price difference between 175 - kg fat pigs and standard pigs was 0.69 yuan/jin, a weekly increase of 0.09 yuan/jin [12] - Cost: The cost of fattening a 110 - kg pig to 140 kg was 12.02 yuan/kg, a weekly increase of 0.39 yuan/kg; the cost of fattening a 125 - kg pig to 150 kg was 12.38 yuan/kg, a weekly increase of 0.43 yuan/kg [12] - Slaughter weight: As of the week of October 23, the average slaughter weight of national live pigs was 127.90 kg, a weekly decrease of 0.35 kg, a monthly decrease of 0.65 kg, and an annual increase of 1.83 kg [12] - Utilization rate: As of mid - October, the utilization rate of fattening pens was 44.8%, a 12.5 - percentage - point increase from the previous ten - day period and a 10 - percentage - point decrease year - on - year [12]
建信期货生猪日报-20251029
Jian Xin Qi Huo·2025-10-29 02:12