生猪：弱势显现
Guo Tai Jun An Qi Huo·2026-01-05 02:06

Group 1: Report Overview - The report is about the pig industry, with a title indicating a weakening trend in pigs on January 5, 2026 [1] Group 2: Fundamental Tracking - In terms of spot prices, the Henan spot price is 13,430 yuan/ton with a year - on - year increase of 900 yuan/ton, the Sichuan spot price is 13,050 yuan/ton with a 400 - yuan/ton increase, and the Guangdong spot price is 13,160 yuan/ton with a 200 - yuan/ton increase [3] - For futures prices, the price of Live Pig 2603 is 11,795 yuan/ton with a year - on - year increase of 5 yuan/ton, Live Pig 2605 is 12,165 yuan/ton with a 10 - yuan/ton decrease, and Live Pig 2607 is 12,805 yuan/ton with a 5 - yuan/ton decrease [3] - Regarding trading volume and open interest, the trading volume of Live Pig 2603 is 82,347 lots, a decrease of 23,116 lots from the previous day, and the open interest is 171,144 lots, a decrease of 1,202 lots; for Live Pig 2605, the trading volume is 24,226 lots, an increase of 696 lots, and the open interest is 90,813 lots, an increase of 2,111 lots; for Live Pig 2607, the trading volume is 4,496 lots, a decrease of 249 lots, and the open interest is 41,704 lots, an increase of 24 lots [3] - In terms of price spreads, the basis of Live Pig 2603 is 1,635 yuan/ton with a year - on - year increase of 895 yuan/ton, Live Pig 2605 basis is 1,265 yuan/ton with a 910 - yuan/ton increase, and Live Pig 2607 basis is 625 yuan/ton with a 905 - yuan/ton increase; the spread between Live Pig 3 - 5 is - 370 yuan/ton with a 15 - yuan/ton increase, and the spread between Live Pig 5 - 7 is - 640 yuan/ton with a 5 - yuan/ton decrease [3] Group 3: Market Information - Yunnan Shennong registered 85 lots of warehouse receipts on December 4, Guizhou Fuyuan registered 23 lots on December 5, Dekang registered 225 lots on December 10 and 150 lots on December 11, Yangxiang registered 40 lots on December 10, COFCO registered 300 lots on December 15 and 150 lots on December 29, and Muyuan registered 40 lots on December 23 [4] Group 4: Trend Intensity - The trend intensity of the pig industry is - 1, indicating a weak outlook as the range is from - 2 (most bearish) to 2 (most bullish) [5]