瑞达期货生猪产业日报-20260318

Group 1: Report Industry Investment Rating - No relevant content provided Group 2: Report Core View - The market situation of oversupply in the pig industry continues, which exerts pressure on pig prices to run weakly. The futures price of the pig 2605 contract fell 2.29% today, and the market sentiment is low, continuing to decline to find support [3] Group 3: Summary According to Relevant Catalogs Futures Disk - The closing price of the main futures contract for live pigs was 10,475 yuan/ton, a decrease of 220 yuan; the position of the main contract was 204,678 lots, an increase of 2,280 lots; the number of warehouse receipts was 1,052 lots, a decrease of 80 lots; the net long position of the top 20 futures holders was -62,230 lots, an increase of 2,665 lots [3] Spot Price - The spot price of live pigs in Henan Zhumadian was 10,000 yuan/ton, a decrease of 9,100 yuan; in Jilin Siping, it was 9,800 yuan/ton, unchanged; in Guangdong Yunfu, it was 10,900 yuan/ton, unchanged. The basis of the main live pig contract was -9,475 yuan/ton, a decrease of 8,880 yuan [3] Upstream Situation - The national live pig inventory was 429.67 million heads, a decrease of 7.13 million heads; the national breeding sow inventory was 39.61 million heads, a decrease of 0.29 million heads [3] Industry Situation - The year-on-year increase in CPI was 1.3%, an increase of 1.1 percentage points; the spot price of soybean meal in Zhangjiagang was 3,330 yuan/ton, an increase of 10 yuan; the spot price of corn was 2,455.49 yuan/ton, an increase of 3.14 yuan; the Dalian Commodity Exchange pig feed cost index was 962.85, a decrease of 2.15; the monthly output of feed was 30.086 million tons, an increase of 307,000 tons; the price of binary breeding sows was 1,424 yuan/head, a decrease of 6 yuan; the breeding profit of purchased piglets was -118.18 yuan/head, a decrease of 59.29 yuan; the breeding profit of self - bred and self - raised live pigs was -283.15 yuan/head, a decrease of 45.17 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 13.7 yuan/kg, a decrease of 0.1 yuan [3] Downstream Situation - The slaughter volume of designated live pig slaughtering enterprises was 44.04 million heads, a decrease of 4.87 million heads; the monthly retail sales of social consumer goods in the catering industry was 573.8 billion yuan, a decrease of 31.9 billion yuan [3] Industry News - On March 18, 2026, the daily national live pig出栏 volume of key breeding enterprises was 291,666 heads, a decrease of 0.17% from the previous day. The supply in the near term is sufficient. The demand enters the off - season, and the terminal consumption is rigid. The slaughtering start - up rate may fluctuate slightly at the current level or even decrease slightly, with limited support for prices [3] Key Points of Attention - Pay continuous attention to the dynamics of the second - fattening entry and the impact of capital flow on prices [3]