格林大华期货早盘提示：玉米，生猪，鸡蛋-20260330

1. Report Industry Investment Rating - No information provided about the industry investment rating in the report 2. Core Views - For the corn market, in the short - to - medium term, rising temperatures and increased wheat supply may pressure spot prices to decline. In the long term, the pricing logic is based on substitution and planting costs, with a focus on policy guidance [1] - For the pig market, in the short term, the supply - strong and demand - weak situation persists in March, and pig prices may remain low. In the medium term, supply pressure will ease from April to June. In the long term, supply pressure exists before August, and the expected high of far - month contracts is lowered [1][2] - For the egg market, in the short term, egg prices are stagnant and weak. In the medium term, egg supply pressure is postponed, which may limit the upward space of egg prices in the third quarter. In the long term, the continuous expansion of egg - laying hen farming scale may extend the price bottom cycle and limit the upward space driven by chicken culling [2] 3. Summary by Related Catalogs Corn - Market Review: On the night of last Friday, corn futures weakened in a volatile manner. As of the night - session close, the main 2605 contract fell 0.3% to 2361 yuan/ton [1] - Important Information: As of March 27, the total corn inventory in the four northern ports was about 2.54 million tons, and the inventory in Guangdong Port was 550,000 tons. On March 27, the number of corn futures warehouse receipts decreased by 6481 lots to 59,377 lots. The wheat - corn price difference in Shandong on March 27 was 140 yuan/ton, 20 yuan/ton wider than the previous day. The National Grain Trading Center will auction 800,000 tons of minimum - purchase - price wheat on April 1 [1] - Market Logic: In the short - to - medium term, rising temperatures and increased wheat supply may pressure spot prices to decline. In the long term, the pricing logic is based on substitution and planting costs, with a focus on policy guidance [1] - Trading Strategy: Maintain a wide - range trading idea in the medium term and expect a short - term correction. The 2400 resistance of the 2605 contract is effective. The first support is in the range of 2350 - 2370, and the second support is in the range of 2310 - 2330 [1] Pig - Market Review: On last Friday, live - hog futures weakened in a volatile manner. The main 2605 contract rose 0.45% to 9965 yuan/ton [1] - Important Information: On the weekend, pig prices fluctuated slightly. On the 29th, the national average live - hog price was 9.41 yuan/kg, up 0.04 yuan/kg from last Friday. As of the end of December, the number of fertile sows was 39.61 million, a year - on - year decrease of 2.9%, which was 101.6% of the normal inventory. From January to September 2025, the number of newborn piglets increased month - on - month (only decreased in July), corresponding to an increasing trend in the number of live - hog slaughter before March this year. From October to December 2025, the number of newborn piglets decreased for three consecutive months, corresponding to a relief of supply pressure from April this year. In January 2026, the number of newborn piglets increased month - on - month. As of March 26, the average slaughter weight of live hogs was 126.43 kg, an increase of 0.53 kg from the previous week. On March 27, the price difference between fat and standard hogs was 0.29 yuan/jin, the same as the previous day. As of March 27, the number of live - hog futures warehouse receipts decreased by 526 lots to 483 lots. As of March 26, the pork frozen - product storage rate was 21.24%, an increase of 0.26% from the previous week [1][2] - Market Logic: In the short term, the supply - strong and demand - weak situation persists in March, and pig prices may remain low. In the medium term, supply pressure will ease from April to June. In the long term, supply pressure exists before August, and the expected high of far - month contracts is lowered [1][2] - Trading Strategy: Maintain a bottom - range trading idea and verify the support effect of near - month contracts. The support of the 2605 contract is in the range of 9500 - 9800, and the resistance is in the range of 10000 - 10300. The support of the 2607 contract is in the range of 10800 - 11000, and the resistance is in the range of 11500 - 11600. The support of the 2609 contract is 12000, and the resistance is in the range of 12700 - 12900 [2] Egg - Market Review: On last Friday, egg futures fluctuated and consolidated. The main 2605 contract rose 0.63% to 3502 yuan/500KG [2] - Important Information: On the weekend, egg prices were stable with a slight decline. On the 29th, the price of Hebei Guantao powder eggs was 3.09 yuan/jin, a decrease of 0.09 yuan/jin from last Friday. On the 27th, the average inventory in the national production link was 1.02 days, the same as the previous day; the inventory in the circulation link was 1.14 days, a decrease of 0.01 days from the previous day. On the 27th, the average price of old hens was 5.15 yuan/jin, an increase of 0.01 yuan/jin from the previous day. As of March 26, the weekly culling age of old hens was 505 days, the same as the previous week. In February, the number of laying hens in production was about 1.35 billion, a month - on - month increase of 0.6% and a year - on - year increase of 3.37%. The theoretical estimated number of laying hens in production in March is 1.342 billion [2] - Market Logic: In the short term, the inventory is relatively stable but lower than the same period last year, and egg prices are stagnant and weak after the pre - Tomb - Sweeping Festival stocking is basically over. In the medium term, the continuous increase in the culling age of hens and the month - on - month increase in chick replenishment postpone the egg supply pressure, which may limit the upward space of egg prices in the third quarter. In the long term, the continuous expansion of egg - laying hen farming scale may extend the price bottom cycle and limit the upward space driven by chicken culling [2] - Trading Strategy: It is recommended to wait and see or conduct short - term trading, and pay attention to the culling rhythm and inventory level [2]