生猪数据日报-20251230

Report Summary 1. Report Industry Investment Rating - No information provided on the industry investment rating. 2. Core View - Today's spot prices of live pigs continued to rise, and it is expected that the spot prices may stabilize tomorrow. This is mainly due to two factors: the expansion of the price difference between standard and fat pigs, which led to a decrease in the supply of large - weight pigs, triggering farmers' reluctance to sell and sporadic secondary fattening; although the Winter Solstice consumption period has passed, slaughtering and consumption are still in the seasonal peak season. The 03 contract follows the trend of the spot market, and the short - term spot market is strong in the peak - season context, but attention should be paid to the selling pressure rhythm of retail farmers before the Spring Festival after this round of reluctance to sell [3]. 3. Summary by Relevant Catalog 3.1 Spot Price and Futures Price Information - Spot Price: On December 29, 2025, the national average spot price of live pigs was 12.75, with a rise of 0.56. Prices in different regions ranged from 11.94 (Jiangxi) to 12.91 (Jiangsu), with price increases in each region ranging from 0.60 to 0.97. The price of LH2601 was 11340, up 40; LH2603 was 11715, up 70; LH2605 was 12150, up 60. The spread between LH01 - 03 was - 375, and the spread between LH03 - 05 was - 435 on December 29, with changes of - 30 and 10 respectively [3]. 3.2 Market Supply Information - According to Yongyi data, the average weight of live pig slaughter this week was 129.70 kg, a decrease of 0.48 kg from last week, a week - on - week decrease of 0.37%, and an increase of 0.48 kg from last month. The average weight of group - farmed pigs slaughtered this week was 124.34 kg, a decrease of 0.22 kg from last week, a week - on - week decrease of 0.18%. The market's slaughter fluctuations mainly come from short - term actions of retail farmers [3].