东吴期货生猪周报-20260330

Report Industry Investment Rating - Not provided Core View - The pattern of strong supply and weak demand remains unchanged, and prices continue to hit new lows. The industry faces dual pressures of oversupply and weak demand, with slow capacity reduction and an incomplete re - balance of supply and demand. In the short term, it is difficult for prices to reverse [2] Summary by Related Catalogs Fundamental Information - The National Development and Reform Commission and the Ministry of Agriculture and Rural Affairs have held consecutive meetings, releasing strong regulatory signals and launching the central frozen pork reserve purchase [2] - The pig price has fallen to around 10 yuan/kg, a historical key level that has corresponded to cyclical bottoms in the past [2] - The average transaction price of lean - type pigs nationwide has fallen below 5 yuan/jin, and the price of the main pig futures contract has hit a new low since its listing [2] - In March, the loss margin in pig farming increased compared to February. The losses of leading enterprises may expand to over 1 yuan/kg, and the industry is facing collective losses [2]