生猪日报：供应压力好转，现货整体震荡-20260311

Group 1: Investment Rating - No investment rating for the industry is provided in the report Group 2: Core Viewpoints - Supply pressure in the live pig market is gradually improving, but overall the market shows an oscillating trend. The spot price of live pigs is on a decline, and the pressure of the subsequent pig slaughter volume is still relatively significant. The futures price shows an oscillating performance, and in the long - term, the supply - side pressure remains the main influencing factor [3][5] - In the short term, the supply and demand of the live pig market are relatively loose. The upside space is limited, mainly affected by the supply - side's impact on price after the decline in inventory. The futures may be relatively strong in the short term, but in the medium and long - term, it is expected to run in an oscillating manner [5] Group 3: Specific Content Summaries Spot Price - Today, the live pig prices across the country are in a downward state. The average price today is 10.04 yuan, a decrease of 0.02 yuan compared to yesterday. Different regions have different price changes, such as a 0.11 - yuan decrease in Henan, a 0.14 - yuan decrease in Shanxi, etc. [3] Futures Price - Futures prices show an oscillating trend. For example, LH01 decreased by 5 to 13785, LH07 increased by 25 to 12310, etc. [3] Sow/Piglet Price - Piglet prices this week are 326, a decrease of 21 compared to last week; sow prices are 1543, a decrease of 6 compared to last week [3] Spot Breeding Profit - The spot breeding profit for self - breeding and self - raising is - 237.98, a decrease of 78.33 compared to yesterday; the profit for purchasing piglets is - 58.89, a decrease of 79.72 compared to yesterday [3] Slaughter End - The slaughter volume today is 140719 heads, an increase of 1044 compared to yesterday [3] Size Pig Price Difference - The price difference between standard pigs and medium - sized pigs is 0.65 today, an increase of 0.04 compared to yesterday; the price difference between large pigs and standard pigs is 0.670909091, a decrease of 0.04 compared to yesterday [3] Trading Strategies - Unilateral: It is recommended to mainly wait and see - Arbitrage: LH7 - 11 long spread - Options: Mainly adopt the strategy of selling wide straddles [6]