建信期货生猪日报-20260113

Group 1: Report Information - Report Type: Pig Daily Report [1] - Date: January 13, 2026 [2] Group 2: Investment Rating - No investment rating information provided Group 3: Core Viewpoints - On the supply side, pig slaughter is expected to increase slightly until the first half of next year. Second - round fattening pen utilization has increased slightly, and the planned slaughter volume of sample breeding enterprises in January decreased by 3.1% month - on - month. Currently, the breeding side is slaughtering normally [7]. - On the demand side, after the spot price increase, second - round fattening has decreased and is mainly in a wait - and - see state, with reduced replenishment demand. Post - holiday consumption is slowly recovering, and the demand for curing and sausage - making is nearly over. Terminal consumer consumption remains high, but slaughterhouse orders are average after the holiday. The slaughter rate and volume of slaughterhouses are slowly increasing after the holiday [7]. - Overall, the spot market will fluctuate as post - holiday consumption recovers slowly but remains at a high level, and supply is relatively loose. In the futures market, pig supply is expected to increase slightly, and second - round fattening pressure is still high year - on - year, continuing to exert downward pressure. Although the previous epidemic in the north boosted the 03 contract, the epidemic is currently showing no signs of continuation or spread, and there is a risk of a decline [7]. Group 4: Market Review and Operation Suggestions Futures - On the 12th, the main 2603 pig futures contract opened slightly higher, then冲高回落 and closed down. The highest price was 11,845 yuan/ton, the lowest was 11,725 yuan/ton, and the closing price was 11,735 yuan/ton, a 0.25% decrease from the previous day. The total open interest of the index increased by 3,497 lots to 365,587 lots [6]. Spot - On the 12th, the national average price of三元 pigs was 12.72 yuan/kg, a 0.02 yuan/kg increase from the previous day [6]. Group 5: Industry News - According to Yongyi Consulting data, in the week of January 8th, the average market sales price of 15kg piglets was 366 yuan/head, a 45 yuan/head increase from the previous week [8][10] Group 6: Data Overview - As of January 8th, the average profit and loss per self - bred and self - raised pig was basically balanced, a 28 yuan/head increase week - on - week; the average profit per pig from purchasing piglets was - 129.8 yuan/head, a 31 yuan/head increase week - on - week [19]. - In the week of January 8th, the average slaughter weight of pigs was 128.54kg, a 0.12kg decrease from the previous week, a week - on - week decline of 0.09% [19].