光大证券研究·2025-07-20 14:03Core Viewpoint - The article discusses the recent trends in livestock and agricultural product prices, highlighting the fluctuations in pig, chicken, rubber, corn, wheat, and soybean meal prices, along with the underlying supply and demand dynamics affecting these markets [3][4][5][6]. Livestock Prices - The average price of external three yuan pigs in China decreased to 14.27 yuan/kg, a week-on-week decline of 3.65%, while the price of 15 kg piglets increased slightly to 31.96 yuan/kg, up 0.22% week-on-week [3]. - The average weight of market pigs was reported at 128.83 kg, down 0.2 kg from the previous week, indicating a continued weak supply-demand balance in the market [3]. - The price of white feather broilers rose to 6.4 yuan/kg, a week-on-week increase of 2.56%, while chick prices surged to 1.37 yuan/bird, up 38.38% week-on-week, driven by seasonal demand for restocking [4]. Rubber Prices - Domestic natural rubber futures prices reached 14,840 yuan/ton, reflecting a week-on-week increase of 3.16%, supported by tight supply conditions due to ongoing rainy weather in Southeast Asia and recovering demand from the tire manufacturing sector [5]. Grain Prices - Corn prices averaged 2,405 yuan/ton, down 0.68% week-on-week, while wheat prices fell to 2,439.56 yuan/ton, a decrease of 0.24% [6]. - Soybean meal prices increased to 2,969.43 yuan/ton, up 1.87% week-on-week, driven by rising U.S. soybean futures prices despite ample domestic supply [6].