养殖产业链日报：近月宽松明显-20260313

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 corn fundamentals are still strong, and it is recommended to replenish stocks or buy on dips [1]. - For eggs, with potential reduction in the laying - hen inventory, there is an upward possibility, and a low - long strategy is suggested [2]. - The pig market is in an oscillating bottom - grinding stage, with short - term capacity clearance, and the far - month contracts may have some support [3]. Summary by Related Catalogs Soybean - Northeast soybean spot prices are stable, with tight supply of high - quality soybeans and strong prices [1]. - There is limited remaining soybean grain at the grass - roots level, and farmers are reluctant to sell at low prices. Post - festival restocking demand from traders supports high soybean prices [1]. - The key factors for a price inflection point are the resumption of state reserve auctions and an increase in imported soybeans. March prices may rise, and the inflection point may occur in early April [1]. Corn - Northeast deep - processing enterprises and some direct - storage depots have raised corn purchase prices, and the spot market price remains strong [1]. - The number of price - increasing enterprises has decreased, and attention should be paid to the listing rhythm of grass - roots grain sources [1]. Eggs - In late February 2026, the national laying - hen inventory was 1.35 billion, a year - on - year increase of 3.4%, which restricts egg price increases [2]. - The number of newly - laid hens will decrease significantly from March to April 2026, and the laying - hen inventory will decline from April to May [2]. - Rising feed costs squeeze profits, accelerating industry capacity clearance. With further capacity compression, egg prices may rise [2]. Pigs - In March, the average daily pig slaughter volume of national sample breeding enterprises increased both month - on - month and year - on - year [2]. - After the Spring Festival, there was an abundant supply of pigs for slaughter, and the narrowing price difference between fat and standard pigs reduced the pressure - barring phenomenon [2]. - Pig spot prices remain weak due to low demand, and rising feed costs worsen breeding profits, forcing short - term capacity clearance [3]. - Third - party institutions predict a slight reduction in the sow inventory in February, and far - month contracts may have some support, but the supply - demand pattern remains loose [3].