瑞达期货生猪产业日报-20260310

1. Report Industry Investment Rating - No relevant information provided in the document 2. Core View of the Report - The market is characterized by strong supply and weak demand, and the pig price will mainly fluctuate weakly at a low level. The main 2605 contract on the futures market closed down 1.15% and is operating below the 20 - day moving average. Attention should be paid to the entry of second - fattening and capital flow [3] 3. Summary According to Relevant Catalogs 3.1 Futures Disk - The closing price of the main futures contract for live pigs was 11,180 yuan/ton, down 20 yuan; the position volume of the main contract was 182,346 lots, up 2,323 lots; the number of warehouse receipts was 1,150 lots, unchanged; the net long position of the top 20 futures holders was - 55,729 lots, down 1,782 lots [3] 3.2 Spot Price - The live pig price in Zhumadian, Henan was 10,300 yuan/ton, down 300 yuan; in Siping, Jilin was 9,800 yuan/ton, down 100 yuan; in Yunfu, Guangdong was 10,400 yuan/ton, unchanged. The main live pig basis was - 880 yuan/ton, down 280 yuan [3] 3.3 Upstream Situation - The national live pig inventory was 42,9670,000 heads, down 7,130,000 heads; the national breeding sow inventory was 3,9610,000 heads, down 290,000 heads [3] 3.4 Industry Situation - The year - on - year increase of CPI was 0.2%, down 0.6 percentage points; the spot price of soybean meal in Zhangjiagang was 3,200 yuan/ton, down 70 yuan; the spot price of corn was 2,440 yuan/ton, up 6.08 yuan; the Dalian Commodity Exchange pig feed cost index was 957.11, down 6.02; the monthly output of feed was 30,086,000 tons, up 307,000 tons; the price of binary breeding sows was 1,430 yuan/head, up 1 yuan; the breeding profit of purchased piglets was - 58.89 yuan/head, down 79.72 yuan; the breeding profit of self - bred and self - raised live pigs was - 237.98 yuan/head, down 78.33 yuan; the monthly import volume of pork was 60,000 tons, unchanged; the average price of white - striped chickens in the main producing areas was 13.8 yuan/kg, unchanged [3] 3.5 Downstream Situation - The slaughter volume of designated live pig slaughtering enterprises was 4,4040,000 heads, down 4,870,000 heads; the monthly retail sales of social consumer goods in the catering industry was 573.8 billion yuan, down 31.9 billion yuan [3] 3.6 Industry News - According to the sample data of key breeding enterprises from Shanghai Ganglian, on March 10, 2026, the daily national live pig slaughter volume of key breeding enterprises was 304,634 heads, an increase of 3.69% from the previous day [3]