Group 1 - The national average price of live pigs as of August 13 is 14.25 yuan/kg, a decrease of 1.32% compared to August 6 [1] - The corn price in major wholesale markets remains stable at 2.40 yuan/kg, with the pig-to-grain ratio dropping to 5.94, down 1.33% from August 6 [1] - Due to seasonal consumption weakness and increased supply from earlier fattening of pigs, the price of live pigs has slightly declined, prompting the National Development and Reform Commission (NDRC) to initiate central frozen pork reserve storage [1] Group 2 - As of August 22, the main live pig futures contract opened higher, increasing by 0.69% to 13,865 yuan/ton [2] - The current market structure for live pig contracts shows a weak near-term and strong long-term outlook, with a recommendation to consider buying the distant month 2601 contract at support levels of 13,400-13,500 [4]

Core Viewpoint - The recent increase in pork supply due to seasonal factors and prior pig fattening has led to a slight decline in pork prices, prompting the government to activate measures to stabilize the market [1] Group 1: Market Conditions - The average pig-to-grain price ratio has fallen below 6:1, indicating a shift in market dynamics [1] - The current market situation has entered a level of concern as per the government's monitoring, triggering a level three warning [1] Group 2: Government Response - The National Development and Reform Commission plans to collaborate with relevant departments to initiate the central frozen pork reserve collection to ensure market stability [1]

Group 1 - The core viewpoint is that due to hot summer weather and weak seasonal consumption, along with an increase in pork supply from previous fattening of pigs, pork prices have slightly declined [1] - The national average pig-to-grain price ratio has dropped to below 6:1, entering the third-level warning zone as per the regulations [1] - To stabilize the pig market, the National Development and Reform Commission will collaborate with relevant departments to initiate the central frozen pork reserve collection [1]

Core Insights - The recent increase in pork supply due to hot summer weather and seasonal consumption weakness has led to a slight decline in pig prices [1] - The national average pig-to-grain price ratio has dropped below 6:1, entering the third-level warning zone as per government regulations [1] - To stabilize the pig market, the National Development and Reform Commission (NDRC) will collaborate with relevant departments to initiate the central frozen pork reserve collection [1]