Core Viewpoint - The Chinese pig farming industry is experiencing a reduction in pig inventory, which is expected to stabilize pig prices and improve farming profitability in the coming months [1][2]. Group 1: Pig Farming Industry - In June, the inventory of pigs aged five months and older decreased by 0.8% compared to the previous month, indicating a reduction in pig output for July and August [1]. - The average price of pigs from January to June was 15.50 yuan per kilogram, reflecting a year-on-year decline of 0.8% due to high output and seasonal consumption patterns [2]. - The Ministry of Agriculture and Rural Affairs plans to stabilize pig production by adjusting capacity, enhancing market warning signals, and controlling the output rhythm [2]. Group 2: Beef and Dairy Farming Industry - The beef and dairy farming sectors have faced significant losses, prompting the Ministry of Agriculture to implement various relief policies to support farmers [5]. - Beef farming has shown signs of recovery, with prices rebounding after a low point post-Spring Festival, and profitability has been maintained for three consecutive months [5]. - Dairy farming is also improving, with a 4.2% year-on-year decrease in Holstein cow inventory and a 7.7% reduction in milk production costs [5]. - The Ministry aims to enhance the competitiveness of the beef and dairy sectors by extending the industrial chain and increasing added value [5][6].

美元突然闪崩。 今晚，美国劳工统计局公布的数据显示，美国5月PPI环比增长0.1%，核心PPI环比上升0.1%，均低于市场预 期。另外，美国就业市场则传来预警信号，美国6月7日当周首次申请失业救济人数24.8万人，高于预期，为 2024年10月以来的最高水平。 数据发布后，交易员再次完全消化美联储年内两次降息的情景，美联储9月降息的可能性升至80%。受此影 响，美元指数直线跳水，日内一度大跌超1%，创2022年3月以来新低，其他非美货币则全线拉升。 展望美元后市，有分析人士警告称，贸易摩擦的不确定性正在削弱美元的吸引力，考虑到美国高企的贸易赤字 和历史性的对外负债水平，美元中长期仍面临下行压力。美国传奇投资人、亿万富翁对冲基金经理保罗·都铎· 琼斯表示，随着短期利率下降，美元将在未来一年大幅下跌。 美元跳水 美国5月核心PPI（不包括食品和能源）环比上升0.1%，低于预期的0.3%，前值由-0.4%修正为-0.2%；核心PPI 同比上升3%，亦低于预期的3.1%，前值由3.1%修正为3.2%；不包括食品、能源和贸易服务的PPI环比增长 0.1%，同比增长2.7%。 数据发布后，交易员再次完全消化美联储年内两次 ...