来源：市场资讯 （来源：大佑农饲料） 今日全国生猪收购均价呈现下跌态势，标准体重生猪平均价格为5.86元/斤，环比昨日下跌0.02元/斤， 上涨地区1个，下跌地区14个，稳定地区13个，全国生猪收购最低价为广西，价格为5.2元/斤，最高价 为海南，价格为7.2元/斤。 今日猪从继续偏弱运行，东北地区偏弱5分，散户价格呈现偏震荡走势，主流报价在5块7到5块9，今日 河南一哥出栏价格稳中偏弱5分到1毛，广东大场挂牌稳定。散户稳中偏弱，标猪、中大猪都在弱。好消 息是西南腌腊开始启动，或对市场产生支撑。但目前来看支撑一般，还需要等待进一步降温。关注我， 带你了解最新的猪价行情。 | | | 猪价(仅供参考) | | | | --- | --- | --- | --- | --- | | | | 2025/11/22 | | | | 地区 | સ્ત્ર (સ) | 猪价 | 体重 | 涨跌 | | | 上海 山东 | 5.9~6.2 5.7~5.9 | 110kg 110kg | 跌 跌 | | 华东 | 安徽 | 5.8~6.0 | 110kg | 本 | | | 浙江 | 5.9~6.2 | 110kg | 跌 ...

Group 1 - The average price of external three yuan live pigs in China increased to 11.66 yuan/kg on November 19, 2025, up by 0.07 yuan/kg from the previous day [1][2] - The average price of piglets rose to 19.12 yuan/kg, an increase of 0.01 yuan/kg, while the average price of white strip meat reached 15.49 yuan/kg, up by 0.02 yuan/kg [1][2] - The pig feed-to-meat ratio is now 3.50:1, which is an increase of 0.02 from the previous day [1] Group 2 - The northern pig prices generally experienced slight increases, while the southern market remained stable, contributing to the national average price rise [2][3] - The recent drop in temperatures has led to a slight recovery in terminal consumption, with an increase in slaughterhouse operating rates, boosting the optimism among breeders [2] - Despite the upward trend in prices, the overall supply of live pigs in November remains relatively high, and demand growth is limited, indicating that the price increase is largely driven by sentiment rather than fundamental supply-demand dynamics [2][3]

二师兄这几天一直在阴跌，虽然说跌幅不大吧，但是我觉得有点不太妙。 可能有人会认为，下跌才能促使产能淘汰，现在跌后面就会涨了。 但现在这么个跌法不太对。 为啥呢？ 猪多，这没啥说的，现在是阴跌，说明供需双方在僵持。猪价没有出现大跌，说明没有恐慌出栏的现象。而没有恐慌出栏，说明大家都在挺。 挺啥呢？ 当然都在挺着等着下游消费抬头。 现在11月已经过半了，市场嚷嚷了半天的什么腌腊啊，灌肠啊也快启动了，而且这两天还有个利好就是全国大降温，这天一冷，肉类消费一般也会增加。 但为啥说不妙呢？ 因为节前卖猪开始倒计时了。 虽然说今年春节比去年要晚，一杆子支到了2月份去了，但是对生猪来说，节前卖猪要开始倒计时了。 那么问题就来了，猪多，而消费又顶不上，供强需弱的情况下，卖猪靠的就是情绪。 什么情绪？ 当然是价跌时不挺价，等涨了以后再卖出去。 但这里面就有一个预期的问题。 之前市场对四季度还是有一定预期的，但随着猪价持续阴跌，情绪也逐渐衰落了。 而且现在市场情况也发生了改变： 一是生猪出栏均重开始增加； 二是仔猪价格又跌了。 说明市场缺中大猪的情况有所改善，同时也说明市场情绪是比较悲观的。这种情况下，挺价的动力就更弱。 所以就 ...

Core Insights - The average price of live pigs in China has shown an upward trend, with the national average price at 5.99 yuan per jin, reflecting a slight increase of 0.01 yuan compared to the previous day [3] - There are 13 regions experiencing price increases, 1 region with a price decrease, and 14 regions maintaining stable prices [3] - The lowest price for live pigs is reported in Guangxi at 5.6 yuan per jin, while the highest price is in Hainan at 7.3 yuan per jin [3] Regional Price Summary - In East China, prices range from 5.8 to 6.4 yuan per jin, with Jiangxi at the lower end and Hainan at the higher end [3] - North China shows stable prices around 5.9 to 6.2 yuan per jin across various provinces [3] - South China, particularly in Guangdong, maintains stable prices, while there is a noted increase in demand for pork in Northeast and North China regions [4] - The overall demand for fat pigs remains insufficient, with only minor increases in procurement volumes in certain areas [4]

Core Insights - The average price of live pigs in China has shown an upward trend, with the national average price at 5.98 yuan per jin, reflecting an increase of 0.02 yuan per jin compared to the previous day [3][4] - There are 20 regions experiencing price increases, 1 region with a price decrease, and 7 regions maintaining stable prices [3] - The lowest price for live pigs is reported in Guangxi at 5.6 yuan per jin, while the highest price is in Hainan at 7.3 yuan per jin [3] Price Trends - In the Northeast and North China regions, the price of standard pigs ranges from 5.9 to 6.2 yuan per jin, with an increase of approximately 0.1 yuan [4] - In Henan, a major market, the price has risen by 0.05 yuan, now quoted at around 6.1 yuan [4] - Guangdong's market price remains stable at 6.3 yuan per jin, indicating a strong price expectation in the northern regions while southern prices remain stable [4] Market Dynamics - The increase in pig prices is attributed to large-scale market demand, although overall demand remains weak, leading to a lack of significant price momentum [4] - Short-term price increases will depend on terminal demand, highlighting the importance of consumer behavior in the market [4]

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The pork market is expected to be volatile and bullish. The operation suggestion remains to go long on dips. The supply of live pigs is sufficient, but it's difficult to purchase at low prices due to raw material support and the price - raising intention of group farms. The approaching May Day holiday provides short - term support for terminal stocking, but the consumption support is limited [2][21]. 3. Summary by Directory 3.1 Supply Situation Analysis The report mentions the sample enterprise's monthly chart of the number of breeding sows in stock (in ten thousand heads), the weekly chart of the average weight of commercial pigs sold nationwide (in kilograms), and the weight - based inventory structure of commercial pigs (in %). However, specific data analysis is not presented [5][7][11]. 3.2 Demand Situation Analysis The report includes the key slaughter enterprises'开工率 (in %) and the key slaughter enterprises' frozen product storage capacity rate (in %). But no specific data analysis is provided [13][16]. 3.3 Cost - Profit Analysis The report shows the self - breeding and self - raising breeding profit (in yuan per head) and the profit of purchasing piglets for breeding (in yuan per head), yet no specific data analysis is given [18][19]. 3.4 Market Outlook The supply side: Farms have a good enthusiasm for slaughter, and the slaughter end has no pressure in purchasing. Due to raw material support, group farms intend to raise prices. Although the supply of live pigs is sufficient, it's difficult to buy at low prices. The demand side: With the approaching of May Day, terminal stocking provides slight support, but the support time is short. It is expected that there will be a little stocking 1 - 2 days before the festival, and the consumption support is average. Overall, the pork market is volatile and bullish, and the operation suggestion is to go long on dips [21].

Core Viewpoint - April is a critical month for the pig market, often signaling positive changes in market trends [2][6] Group 1: Seasonal Factors - The transition from cold to warm weather in April leads to increased consumer activity, contributing to a rise in demand for pork [3] - The May Day holiday further boosts market sentiment and consumption [3] Group 2: Supply Dynamics - April and May are peak months for secondary fattening, which, while not altering overall supply and demand, affects the supply rhythm and consequently influences pig prices [4][6] - The current market shows a significant price increase, with the average price of external three yuan pigs rising from 14 yuan/kg to 15 yuan/kg by the end of April [7] Group 3: Short-term Outlook - The short-term outlook for pig prices is stable with slight upward movement expected, but the increase will be limited [8] - Three main supporting factors for this stability include: 1. High enthusiasm for secondary fattening due to a shift in the industry towards shorter-term farming practices [9] 2. Increased consumption trends, particularly around holidays, leading to higher purchasing activity from slaughterhouses [12] 3. Rising costs due to increased feed prices, which has led to a stronger willingness among farmers to maintain prices [13] Group 4: Long-term Concerns - The long-term outlook remains concerning due to a persistent supply surplus and high production capacity, which could lead to market pressures if prices do not rise as expected [15] - The overall economic environment is expected to remain challenging, potentially impacting consumer demand for pork [15]