饲料养殖日报-20251203

Report Industry Investment Rating - No relevant content provided 2. Core Views - For the pig industry, policy disturbances may affect long - term supply, with a long - term strategic strength, but short - to medium - term trends are still based on fundamentals. Recently, the second - fattening replenishment has weakened, and the near - term slaughter pressure persists, while the far - term is stronger due to expectations [3] - For the corn and starch industry, the national prices continue to rise slightly. Port and Northeast production areas are rising, while high arrivals in Shandong suppress the upward trend. The futures market is consolidating after continuous rallies, with some long - position liquidation, but the trend is strong in the medium - term [14] - For the egg industry, the long - term egg - laying hen capacity is still in surplus, with high price pressure. In the short - term, some farmers are culling or molting hens due to the rapid post - festival price decline. Overall, the capacity is at a high level but approaching an inflection point, with a generally weak direction [30] 3. Summary by Related Catalogs Pig Section - Spot Prices: The national average pig spot price is 11.2 yuan, down 0.12 yuan (-1.06%). Prices in various regions such as Henan, Hunan, etc., also decreased [4] - Futures Prices: Pig futures contracts show mixed trends. For example, the closing price of Pig 01 is 11,490 yuan, up 35 yuan (0.31%), while Pig 03 is 11,235 yuan, down 20 yuan (-0.18%) [5] - Spreads and Basis: Spreads and basis between different pig futures contracts and regions show significant changes. For example, LH01 - 03 spread is 200 yuan, down 90 yuan (-31.03%) [10] Corn and Starch Section - Futures Prices: Corn and corn starch futures prices generally rose. For example, the closing price of Corn 01 is 2,259 yuan, up 16 yuan (0.71%), and Corn Starch 01 is 2,562 yuan, up 16 yuan (0.63%) [15][16] - Spot and Basis: Corn spot prices in ports like Jinzhou and Shekou show different trends, and the basis also changes. For example, Jinzhou Port's corn price is 2,300 yuan, up 5 yuan, and the basis to the main - contract is 52 yuan, up 3 yuan [20] - Month - to - Month Spreads: Corn and starch month - to - month spreads show various changes. For example, the Corn 1 - 5 month - spread is - 37 yuan, unchanged, and the Starch 1 - 5 month - spread is - 61 yuan, up 13 yuan [23] - US Corn Import: CBOT corn prices rose, and the import profit from the US Gulf and West Coast is 290.98 yuan and 391.93 yuan respectively [28] Egg Section - Futures Prices: Egg futures prices declined. For example, the closing price of Egg 01 is 3,138 yuan, down 64 yuan (-2%) [30] - Spot Prices: Main - producing and main - selling areas' egg prices show different trends. The main - producing area egg price is 3.07 yuan, down 0.02 yuan (-0.65%) [31] - Spreads and Basis: Egg spreads and basis also changed. For example, the Egg 1 - 5 spread is - 450 yuan, down 58 yuan (14.8%) [41]