格林大华期货早盘提示：玉米，生猪，鸡蛋-20260109

1. Report Industry Investment Ratings - Corn: Interval [1] - Live Pigs: Interval [1] - Eggs: Short in the Near - Month [3] 2. Core Views - Corn: Mid - term, the corn market is a mix of long and short factors, with new grain sales progress and downstream inventory preparation as support, while import corn auctions and rumors may limit short - term price increases. A wide - range interval trading strategy is maintained. Long - term, the pricing logic is substitution + planting cost, with policy orientation being the key focus [1]. - Live Pigs: Short - term, supply and demand both increase, resulting in limited price fluctuations. Mid - term, supply may increase until March and ease from April. Long - term, supply pressure exists until September and may ease after September. Attention should be paid to epidemic impacts [1][3]. - Eggs: Short - term, the egg price is stable after a rise, with a possible decline in February. Mid - term, the supply pressure is not fully released. Long - term, large - scale egg production may limit price increases, and waiting for over - culling to drive capacity reduction is recommended [3]. 3. Summary by Related Catalogs Corn Market Conditions Review - The corn futures fluctuated and consolidated last night. The main 2603 contract rose 0.58% to 2263 yuan/ton [1]. Important Information - Deep - processing enterprises' purchase prices were stable with a slight increase. Northeast enterprises' mainstream purchase price was 2158 yuan/ton, up 2 yuan/ton; North China's average purchase price was 2252 yuan/ton, unchanged [1]. - Port prices showed a pattern of stability in the north and increase in the south. Jinzhou Port's purchase price was 2260 - 2265 yuan/ton, unchanged; Shekou Port's transaction price was 2400 yuan/ton, up 10 yuan/ton [1]. - As of January 8, the number of corn futures warehouse receipts remained unchanged at 34,655 lots [1]. - In the second week of 2026, the grain sales progress in the Northeast was 56%, compared with 49% last year and a three - year average of 48%. In North China, it was 47%, compared with 50% last year and a three - year average of 46% [1]. Market Logic - Mid - term, the market is multi - faceted. New grain sales and downstream inventory preparation support prices, while auctions and rumors may limit price increases. A wide - range interval trading strategy is recommended. Long - term, the pricing logic is substitution + planting cost, with policy being key [1]. Trading Strategy - Maintain a wide - range interval trading strategy. For the 2603 contract, the pressure is at 2270 - 2280; for the 2605 contract, the pressure is at 2280, and if it breaks through 2280, the pressure moves up to 2300 [1]. Live Pigs Market Conditions Review - The live pig futures fluctuated weakly. The main 2603 contract fell 0.8% to 11,720 yuan/ton [1]. Important Information - The national average live pig price was 12.6 yuan/kg, up 0.03 yuan/kg. Today's early - morning prices are expected to be stable with local adjustments [1]. - In October 2025, the number of fertile sows was 39.9 million, dropping below 40 million for the first time in 17 months [1]. - From January to September 2025, the number of new - born piglets increased month - on - month (except in July). In October and November, it decreased by 1% and 0.8% respectively [1]. - As of January 8, the average slaughter weight of live pigs was 124.1 kg, down 0.29 kg from the previous week [1]. - On January 8, the price difference between fat and lean pigs was 0.37 yuan/jin, up 0.01 yuan/jin [1]. - As of January 8, the number of live pig futures warehouse receipts remained unchanged at 918 lots [1]. Market Logic - Short - term, supply and demand both increase, resulting in limited price fluctuations. Mid - term, supply may increase until March and ease from April. Long - term, supply pressure exists until September and may ease after September [1][3]. Trading Strategy - Adopt an interval trading strategy. For the 2603 contract, the pressure is at 12,000 and the support is at 11,500 - 11,600; for the 2605 contract, the pressure is at 12,400 - 12,500 and the support is at 12,000 - 12,100; for the 2607 contract, the pressure is at 13,000 and the support is at 12,700; for the 2609 contract, the pressure is at 14,000 and the support is at 13,500 - 13,700 [3]. Eggs Market Conditions Review - The egg futures fluctuated strongly. The main 2603 contract rose 0.1% to 3009 yuan/500KG [3]. Important Information - The national egg price was stable with local increases. The average price in the main production areas was 3.22 yuan/jin, up 0.01 yuan/jin; in the main sales areas, it was 3.55 yuan/jin, up 0.03 yuan/jin [3]. - The overall inventory was stable. The average production - link inventory was 1.04 days, and the circulation - link inventory was 1.1 days, both unchanged [3]. - The average price of old laying hens was 4.1 yuan/jin, up 0.05 yuan/jin. As of January 8, the weekly culling age was 484 days, unchanged [3]. - In December, the number of laying hens in production was about 1.344 billion. The theoretical estimated number in January is 1.334 billion [3]. - As of January 8, the number of egg futures warehouse receipts increased by 5 to 7 lots [3]. Market Logic - Short - term, the egg price is stable after a rise, with a possible decline in February. Mid - term, the supply pressure is not fully released. Long - term, large - scale egg production may limit price increases [3]. Trading Strategy - Consider short - selling opportunities in the near - month contracts after price increases. For the 2603 contract, if it breaks below 3000, further decline is possible. Pay attention to the culling situation in the first quarter [3].