1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report - For the corn market, in the short - to - medium term, rising temperatures and increased wheat supply may put pressure on spot prices to correct in the short term. In the long term, the pricing logic of substitution and planting costs remains, with a focus on policy orientation. The trading strategy is to maintain a wide - range trading idea in the medium term and pay attention to the upper pressure in the short term [1]. - For the pig market, in the short term, the pattern of strong supply and weak demand persists in March, with weight pressure remaining, and short - term 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 point of far - month contracts has shifted down. The trading strategy is to maintain a bottom - range trading idea [1][3]. - For the egg market, in the short term, egg prices are stable and strong, but 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 phased culling. The trading strategy is to stop losses on previous short positions, and it is recommended to wait and see or conduct short - term trading [3]. 3. Summary by Related Catalogs Corn - **Market Review**: The corn futures weakened in the overnight session yesterday. As of the overnight close, the main 2605 contract fell 0.5% to 2365 yuan/ton [1]. - **Important Information**: Deep - processing enterprise purchase prices rose slightly, port prices were stable, the number of corn futures warehouse receipts decreased by 1787 lots to 65858 lots on March 26, the wheat - corn price difference in Shandong remained unchanged, and 800,000 tons of minimum - purchase - price wheat will be auctioned on April 1 [1]. - **Market Logic**: In the short - to - medium term, rising temperatures and increased wheat supply may pressure spot prices. In the long term, the pricing logic of substitution and planting costs remains [1]. - **Trading Strategy**: Maintain a wide - range trading idea in the medium term and pay attention to the upper pressure in the short term. The 2605 contract has effective pressure at 2400, with the first support at 2350 - 2370 and the second support at 2310 - 2330 [1]. Pork - **Market Review**: The pig futures showed a pattern of near - term weakness and far - term strength yesterday. The main 2605 contract fell 1.94% to 9835 yuan/ton [1]. - **Important Information**: Pig prices continued to be weak, the number of sows decreased year - on - year, the number of piglets showed different trends in different periods, the average slaughter weight increased, the fat - standard price difference remained unchanged, the number of pig futures warehouse receipts remained unchanged at 1009 lots, the pork frozen - product storage rate increased, and the 2703 contract was listed at 13605 yuan/ton [1]. - **Market Logic**: In the short term, the supply - strong and demand - weak pattern persists, and short - term pig prices may remain low. In the medium term, supply pressure will ease from April. In the long term, supply pressure exists before August, and the expected high point of far - month contracts has shifted down [1][3]. - **Trading Strategy**: Maintain a bottom - range trading idea. For the 2605 contract, the support is at 9500 - 9800 and the pressure is at 10000 - 10300; for the 2607 contract, the support is at 10800 - 11000 and the pressure is at 11500 - 11600; for the 2609 contract, the support is at 12000 and the pressure is at 12700 - 12900 [3]. Eggs - **Market Review**: The egg futures rose across the board yesterday. The main 2605 contract rose 3.02% to 3512 yuan/500KG [3]. - **Important Information**: Egg prices were stable with a slight increase, inventory levels were relatively stable, the price and weekly culling age of old hens remained unchanged, feed costs increased slightly, the number of laying hens increased, and the 2703 contract was listed at 3343 yuan/500KG [3]. - **Market Logic**: In the short term, egg prices are stable and strong, but supply pressure is postponed. In the long term, the continuous expansion of egg - laying hen farming scale may extend the price bottom cycle [3]. - **Trading Strategy**: Stop losses on previous short positions, and it is recommended to wait and see or conduct short - term trading, paying attention to the culling rhythm and inventory levels [3].