生猪日报：出栏量继续增加，现货震荡运行-20260113

Group 1: Report Overview - Report Title: "Agricultural Products R & D Report - Pig Daily Report" [1] - Report Date: January 13, 2026 [1] - Researcher: Chen Jiezheng [2] Group 2: Investment Rating - No investment rating for the industry is provided in the report. Group 3: Core Viewpoints - The overall supply of the live - pig market remains sufficient, with the subsequent supply pressure likely to continue to be reflected, and the overall upward space of pig prices is limited. The long - term trend of spot and futures prices is expected to be downward [3][4]. Group 4: Market Data Summary Spot Prices - Today, the average spot price of live pigs is 12.86 yuan/kg, a decrease of 0.13 yuan/kg from yesterday. The prices in different regions show varying degrees of rise or fall [3]. Futures Prices - Futures prices are in a volatile state. For example, LH01 is 12,160 yuan, up 50 yuan from yesterday; LH03 is 11,795 yuan, up 60 yuan from yesterday [3]. Piglet and Sow Prices - The price of piglets this week is 307 yuan, an increase of 45 yuan from last week; the price of sows is 1557 yuan, an increase of 3 yuan from last week [3]. Breeding Profits - The spot breeding profit of self - breeding and self - raising is - 11.54 yuan/head, an increase of 23.05 yuan compared with yesterday; the spot breeding profit of purchasing piglets is - 2.31 yuan/head, an increase of 46.03 yuan compared with yesterday [3]. Slaughter Volume - The slaughter volume is 186,620 heads today, a decrease of 2190 heads compared with yesterday [3]. Price Spreads - The price spreads between different contracts and different types of pigs show different changes. For example, LH7 - 9 is - 920 yuan today, a decrease of 15 yuan from yesterday [3]. Group 5: Market Analysis - The scale enterprise's live - pig出栏量 has increased significantly recently, and the ordinary farmers' enthusiasm for selling pigs has also improved. The re - fattening has continued to enter the market, but the subsequent entry volume may decrease. The current live - pig出栏 weight remains high, which has put some pressure on pig prices [3]. - The short - term supply pressure of the live - pig market is limited, and the price may have certain support. However, in the medium - term, due to the high inventory, the supply pressure is obvious, and the price is expected to decline [4]. Group 6: Trading Strategies - Unilateral: Adopt a bearish strategy. - Arbitrage: Wait and see. - Options: Sell the wide - straddle strategy [5]