Group 1: Report Industry Investment Ratings - Corn: Interval [1] - Pig: Near - term weak, long - term strong [1] - Egg: Short - term high - selling for near - month contracts [3] Group 2: Core Views - For corn, in the short - to - medium term, short - term supply - demand mismatch drives the spot price to run strongly, but rising temperatures may lead to a short - term price correction. In the long - term, the pricing logic is substitution + planting cost, and policy guidance should be focused on [1]. - For pigs, in the short - term, the pattern of strong supply and weak demand in March continues, and the pig price runs at a low level. In the medium - term, supply pressure eases from April to June. In the long - term, supply pressure exists before August, and the high - point expectation of far - month contracts is lowered [3]. - For eggs, in the short - to - medium term, inventory stops falling and stabilizes, but supply pressure is obvious, and the pattern of strong supply and weak demand continues to put pressure on egg prices. In the long - term, the continuous increase in egg - laying chicken farming scale may extend the price bottom cycle [3]. Group 3: Summaries by Related Catalogs Corn - **Market Review**: The corn futures fluctuated and consolidated last night. As of the night - session close, the main 2605 contract fell 0.04% to 2384 yuan/ton [1]. - **Important Information**: Deep - processing enterprise purchase prices continued to rise. Northeast deep - processing enterprise purchase average price was 2251 yuan/ton, up 4 yuan/ton from the previous day; North China deep - processing purchase average price was 2382 yuan/ton, up 2 yuan/ton. North - South port prices were stable with a slight decline. The wheat - corn price difference in Shandong expanded by 10 yuan/ton. The corn selling progress in Northeast and North China increased. The number of corn futures warehouse receipts increased by 769 hands to 74613 hands [1]. - **Market Logic**: Short - to - medium term: short - term supply - demand mismatch drives the spot price up, but rising temperatures may lead to a short - term price drop. Long - term: substitution + planting cost pricing logic, focus on policy guidance [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 pressure is at 2400, the first support is 2350 - 2370, and the second support is 2300 - 2330 [1]. Pig - **Market Review**: The pig futures fluctuated weakly yesterday. The main 2605 contract fell 1.15% to 11180 yuan/ton [1]. - **Important Information**: The national average pig price on the 10th was 10.14 yuan/kg, down 0.05 yuan/kg from the previous day. The sow inventory at the end of December was 39.61 million, a year - on - year decrease of 2.9%. The number of new - born piglets and the average weight of pigs showed certain trends. The pig futures warehouse receipts remained unchanged at 1150 hands [1]. - **Market Logic**: Short - term: strong supply and weak demand in March, low pig prices. Medium - term: supply pressure eases from April to June. Long - term: supply pressure exists before August, and the high - point expectation of far - month contracts is lowered [3]. - **Trading Strategy**: Maintain a bottom - range trading idea. The 2605 contract support is at 11000, and the pressure is at 11300 - 11400; the 2607 contract support is at 12000, and the pressure is at 12350 - 12450; the 2609 contract support is at 13000, and the pressure is at 13350 - 13450 [3]. Egg - **Market Review**: The egg futures in the near - month contracts fluctuated downward yesterday. The main 2605 contract fell 1.36% to 3412 yuan/500KG [3]. - **Important Information**: Egg prices were stable with a slight increase. The national average egg price in the main production areas was 3.06 yuan/jin, up 0.03 yuan/jin from the previous day. Inventory in production and circulation links increased. The average price of old hens increased, and the egg - laying hen inventory increased [3]. - **Market Logic**: Short - to - medium term: inventory stops falling, but supply pressure is obvious, and the pattern of strong supply and weak demand continues. Long - term: the continuous increase in egg - laying chicken farming scale may extend the price bottom cycle [3]. - **Trading Strategy**: Pay attention to the short - selling opportunities of near - month contracts to squeeze the premium. The 2604 contract pressure is at 3250 - 3300, the first support is 3200, and the second support is 3150; the 2605 contract pressure is at 3450, and if it falls below 3400, the support is at 3300 - 3340 [3].