生猪日报：供应压力仍存，现货震荡运行-20251110

Group 1: Report Title and Date - The report is titled "Pig Daily Report" and dated November 10, 2025, focusing on the pig industry [1] Group 2: Investment Rating - No investment rating is provided in the report Group 3: Core View - The supply pressure in the pig market persists, with overall high pig inventory and large - weight pig supply. The spot price of pigs is expected to remain weak in the long - term, and the rebound space of both spot and futures prices is limited. The market will mainly show an oscillatory trend [3][5] Group 4: Spot Price Summary - Today, pig prices across the country are mainly oscillating. The average spot price has increased from 11.56 yuan/kg yesterday to 11.68 yuan/kg today. Scale enterprises' pig sales volume has limited changes, and the monthly pig sales plan remains high. Ordinary farmers' selling enthusiasm has decreased, and the second - fattening activity has also declined [3] Group 5: Futures Price Summary - Pig futures prices are rebounding, driven by spot prices. For example, LH01 increased from 11865 to 11955, and LH03 increased from 11465 to 11555. However, due to high inventory, the medium - term downward pressure on spot prices remains, and the rebound space of both spot and futures prices is limited [3][5] Group 6: Piglet and Sow Price Summary - This week, the piglet price remains at 198 yuan, and the sow price remains at 1546 yuan, showing no change from last week [3] Group 7: Breeding Profit Summary - The self - breeding and self - raising profit has increased slightly from - 89.33 yuan/head yesterday to - 89.21 yuan/head today, and the profit from purchasing piglets has increased from - 179.72 yuan/head to - 175.54 yuan/head [3] Group 8: Slaughter End Summary - The slaughter volume has decreased from 163190 heads yesterday to 162445 heads today, a decrease of 745 heads. The price difference between different - sized pigs has limited changes [3] Group 9: Trading Strategy - For single - side trading, it is recommended to wait and see; for arbitrage, also wait and see; for options, a strategy of selling wide straddles is recommended [6]