养殖产业链日报：近月宽松明显-20260310

Report Industry Investment Rating No relevant content provided. Core Viewpoints - The domestic soybean market is expected to remain strong, and it is advisable to go long at low prices [1] - The domestic corn market shows a trend of simultaneous increase in futures and spot prices, and it is still possible to consider actively replenishing stocks or buying on dips in the future [2] - The supply of eggs is expected to contract significantly in the future, and it is recommended to take a long - position approach at low prices [3] - The pig industry is in a critical game period of short - term price pressure and long - term capacity clearance, and the near - term is expected to fluctuate at the bottom [4] Summary by Related Catalogs Soybean - The price of soybeans in the Northeast production area has been rising since the listing. Due to factors such as geopolitical conflicts, futures price increases, and the increase in the purchase price of COFCO, the price of the remaining soybeans has continued to rise. After a small amount of restocking, the overall market purchase and sales are still relatively light [1] Corn - The domestic corn market shows a trend of simultaneous increase in futures and spot prices. The purchase prices in the main production areas of North China and Northeast China have hit new highs. The remaining grain at the grass - roots level is less than 30%, and the inventory of enterprises and ports is at a historical low. With the increase in temperature, the enthusiasm of grass - roots grain sales has significantly increased, and the market is facing a critical window period of a small sales peak. Although influenced by the sharp decline in crude oil, the corn fundamentals are still strong [2] Egg - As of the end of February 2026, the national laying - hen inventory was 1.35 billion, a year - on - year increase of 3.4%, which restricts the sharp rise in egg prices. However, the number of newly - laid hens from March to April 2026 will decrease significantly, and the laying - hen inventory will enter a significant downward channel from April to May. The supply is expected to shrink, but the near - term supply is still loose, and the price is expected to be stable with a slight upward trend [2][3] Pig - As of the end of December 2025, the national inventory of productive sows was 39.61 million, and in January 2026, it slightly decreased to 39.58 million, still higher than the regulatory red line. The supply of pigs in the first half of 2026 is under great pressure. It is estimated that subsequent state purchases will continue to delay the surplus pressure. The industry is in a critical game period, and the near - term is expected to fluctuate at the bottom [3][4]