Guo Tai Jun An Qi Huo·2026-02-24 02:11Group 1: Report Overview - The report is about the pig futures market on February 24, 2026, stating that the holiday spot price is lower than expected [1] Group 2: Investment Rating - No investment rating provided in the report Group 3: Core View - The holiday spot price of pigs is lower than expected, and the trend intensity is -2, indicating a strong bearish view [1][4] Group 4: Fundamental Tracking Spot Prices - Henan spot price is 12,480 yuan/ton with a year - on - year increase of 100 yuan/ton; Sichuan spot price is 11,350 yuan/ton with a year - on - year increase of 500 yuan/ton; Guangdong spot price is 11,860 yuan/ton with a year - on - year increase of 200 yuan/ton [2] Futures Prices - The price of pig 2603 is 10,740 yuan/ton with a year - on - year decrease of 155 yuan/ton; pig 2605 is 11,500 yuan/ton with a year - on - year decrease of 40 yuan/ton; pig 2607 is 12,220 yuan/ton with a year - on - year decrease of 10 yuan/ton [2] Futures Trading Volume and Open Interest - The trading volume of pig 2603 is 14,122 lots, a decrease of 9,175 lots from the previous day, and the open interest is 30,077 lots, a decrease of 5,078 lots from the previous day; pig 2605 has a trading volume of 38,318 lots, a decrease of 5,286 lots from the previous day, and an open interest of 136,660 lots, a decrease of 4,468 lots from the previous day; pig 2607 has a trading volume of 5,391 lots, an increase of 569 lots from the previous day, and an open interest of 49,418 lots, a decrease of 351 lots from the previous day [2] Price Spreads - The basis of pig 2603 is 1,740 yuan/ton with a year - on - year increase of 255 yuan/ton; pig 2605 is 980 yuan/ton with a year - on - year increase of 140 yuan/ton; pig 2607 is 260 yuan/ton with a year - on - year increase of 110 yuan/ton. The spread between pig 3 - 5 is - 760 yuan/ton with a year - on - year decrease of 115 yuan/ton; the spread between pig 5 - 7 is - 720 yuan/ton with a year - on - year decrease of 30 yuan/ton [2] Group 5: Market Information - Guangxi Yangxiang registered 100 lots of warehouse receipts for the March contract; Dekang registered 525 lots; Fuyuan registered 22 lots; Muyuan registered 80 lots; COFCO registered 300 lots [3] Group 6: Trend Intensity - The trend intensity is -2, indicating the most bearish view, and the value range is in the [-2, 2] interval of integers [4]