Group 1: Report Summary - The report is about the daily strategy of Shenwan Futures' hog (LH) variety [1] Group 2: Futures Market Information - The previous day's closing prices for January, March, May, July, September, and November are 12000, 11565, 11850, 12470, 13390, and 13360 respectively [2] - The closing prices two days ago for corresponding months are 11900, 11600, 11895, 12555, 13460, and 13430 [2] - The price changes are 100, -35, -45, -85, -70, -70, and the price change rates are 0.84%, -0.30%, -0.38%, -0.68%, -0.52%, -0.52% respectively [2] - The trading volumes are 5, 42940, 18255, 4227, 4257, 1202 [2] - The open interests are 34, 131413, 108344, 45736, 34051, 17829, with the changes of -15, -4037, 1559, 692, -385, 357 [2] - The current spreads for January - March, March - May, May - July, July - September, September - November, November - January are 435, -285, -620, -920, 30, 1360, and the previous spreads are 300, -295, -660, -905, 30, 1530 [2] Group 3: Spot Market Information - The current spot prices in Henan, Sichuan, Hunan, Guangdong, Guangxi, and Liaoning are 13.2, 12.71, 12.59, 13.2, 12.2, 13.05 yuan/ton respectively [2] - The previous spot prices are 13.13, 12.71, 12.78, 13.4, 12.37, 12.85 yuan/ton [2] - The price changes are 0.07, -25.42, -0.19, -0.2, -0.17, 0.2 [2] Group 4: Warehouse Receipt Information - The number of warehouse receipts is 433, with no change [2] Group 5: Market Analysis and Strategy - In the northern market, prices were strong first and then weak over the weekend. Group prices rose significantly on Saturday, but it's difficult to maintain high levels. Retailers had low enthusiasm, and short - term supply was mainly affected by group sales and market demand [3] - In the southern market, prices followed the north. Southern enterprises mostly sold hogs at a normal pace at the end of the month. Consumption demand was limited, and slaughter volume was stable. Pig prices are expected to adjust slightly, but the attitude of small - scale farmers needs attention [3]
申万期货品种策略日报-生猪（LH）-20260126
Shen Yin Wan Guo Qi Huo·2026-01-26 02:43