Core Viewpoint - The results of the 2024 Guangdong "Hundred Million Project" Agricultural Technology Influencer Short Video Activity have been officially announced, highlighting the contributions of agricultural experts in promoting agricultural technology through social media platforms [2][3][14]. Group 1: Event Overview - The event was launched on November 25, 2024, focusing on agricultural industry development and technology needs, encouraging participants to create content around key seasons, industries, and regions [8][10]. - The activity received over 3,500 submissions, with total views exceeding 100 million, establishing a "technology bridge" connecting the field and the cloud [13][14]. Group 2: Award Winners - Ten individuals were awarded the title of "Top Influencers," including Hu Zhulin, Liang Weizhao, and Lin Jinjie, while another ten were recognized as "Outstanding Influencers" [3][4]. - The winners represent various agricultural sectors, including fruit trees, traditional Chinese medicine, and aquaculture, showcasing their expertise through engaging short videos [5][6]. Group 3: Impact on Agriculture - The activity has fostered a vibrant online community for agricultural knowledge sharing, creating a "cloud-based agricultural academy" atmosphere on platforms like Douyin [12][18]. - Participants, including agricultural technology specialists and local experts, have effectively translated practical agricultural techniques into easily understandable content for farmers [11][19].

Core Viewpoint - *ST Tianshan (300313) reported a significant decline in livestock sales and revenue, indicating substantial financial pressure and a strategic shift in operations [1] Sales Performance - In June 2025, the company sold 16 head of livestock, representing a year-on-year decrease of 87.50% and a quarter-on-quarter decrease of 40.74% [1] - The sales revenue for the same period was 146,200 yuan, which is a year-on-year decrease of 87.78% and a quarter-on-quarter decrease of 75.88% [1] Strategic Adjustments - The company is currently facing considerable financial pressure and has decided to implement a strategic contraction in its upstream breeding business [1] - Future expansion of the breeding scale will be considered when the company's financial situation improves and conditions for development are met [1]

Group 1 - The company, Roniu Mountain (000735), reported a sales volume of 51,000 pigs in June 2025, representing a month-on-month decrease of 12.70% and a year-on-year decrease of 6.18% [1] - The sales revenue for June 2025 was 88.1483 million yuan, which is a month-on-month decline of 12.24% and a year-on-year decline of 17.45% [1] - For the first half of 2025, the cumulative sales volume of pigs reached 317,400, showing a year-on-year decrease of 16.20% [1] Group 2 - The cumulative sales revenue for the first half of 2025 was 606 million yuan, reflecting a year-on-year decrease of 4.74% [1]

Group 1 - The core viewpoint of the article is that the completion of domestic procedures for the animal health quarantine agreement between China and Japan is a crucial step towards the resumption of Japanese beef exports to China, which have been halted since 2001 due to BSE concerns [1][2] - The agreement's effectiveness was announced by Japan's Ministry of Foreign Affairs on July 11, 2023, and it allows for formal negotiations to restart beef trade between the two countries, including technical discussions on safety confirmations [1] - The Chinese government had previously signed an agreement in 2019 to strengthen cross-border animal disease management, but domestic procedures were not advanced, leading to a delay of over five years [1] Group 2 - Japan's domestic beef export value reached 64.8 billion yen in 2024, more than doubling in five years, driven by increasing global demand for Wagyu beef from markets like the US, Taiwan, and Hong Kong [2] - The Japanese government aims to further increase beef export value to 113.2 billion yen by 2030, nearly doubling again, with a target of raising exports to China to 20 billion yen to match the US market [2] - The resumption of beef exports to China is seen as a significant boost to Japan's food export expansion strategy [2]

Core Viewpoint - The proposed 50% tariff on Brazilian beef imports by the Trump administration could significantly increase hamburger prices in the U.S. due to declining domestic beef production and increased reliance on imports [1][2]. Group 1: Impact on Beef Prices - U.S. beef prices have reached record levels this year, with total production expected to decline by 2% to 26.4 million pounds, as farmers have reduced the cattle herd to the lowest level in over 70 years [1]. - The imposition of a 50% tariff would raise the effective tariff rate on Brazilian beef imports to approximately 76% for the remainder of the year [2]. Group 2: Supply Chain Adjustments - Food manufacturers are increasing imports, with U.S. imports of Brazilian beef more than doubling in the first five months of the year to 175,063 tons, accounting for 21% of total U.S. beef imports [1]. - Analysts suggest that importers may seek to source beef from higher-cost suppliers in Australia, Argentina, Paraguay, and Uruguay due to the increased tariffs [3]. Group 3: Restaurant Industry Implications - The increased tariffs may lead to changes in restaurant menus and food costs as establishments search for new suppliers to maintain stable supply chains [4]. - The National Restaurant Association indicates that restaurants across the country rely on a stable supply of imported goods that cannot be produced domestically [3].

Core Insights - China's electricity consumption has shown steady growth in 2023, with a total of 3.97 trillion kilowatt-hours used from January to May, representing a year-on-year increase of 3.4% [1] - The growth in electricity consumption reflects the resilience and vitality of the national economy, which is progressing steadily despite external pressures [1] Group 1: First Industry - Electricity consumption in the primary industry reached 54.3 billion kilowatt-hours, with a year-on-year growth of 9.6%, indicating a sustained rapid growth trend [1] - The modernization of agricultural infrastructure and the transformation of agricultural production methods have led to new electricity consumption scenarios [1] - Specific growth rates in electricity consumption for livestock, agriculture, and fisheries were 15.5%, 7.2%, and 4.5% respectively [1] Group 2: Second Industry - The secondary industry consumed 2.59 trillion kilowatt-hours, with a year-on-year increase of 2.2% [1] - High-tech and equipment manufacturing sectors saw a 3.3% increase in electricity consumption, surpassing the overall growth rate of the manufacturing sector [1] - Notable growth in electricity consumption was observed in the automotive, general equipment, specialized equipment, and computer/electronic device manufacturing sectors, all exceeding 4.5% [1] - Consumption in the consumer goods manufacturing sector decreased by 0.3%, but there has been a rebound in growth rates for most consumer goods manufacturing sub-sectors related to foreign trade since May [1] Group 3: Third Industry - The tertiary industry consumed 740.6 billion kilowatt-hours, with a year-on-year growth of 6.8% [2] - The information transmission/software and IT services sector experienced a significant increase of 13.8%, with the internet and related services growing by 26.2% [2] - The wholesale and retail sector also saw a year-on-year increase of 10.8%, with the charging and swapping service sector growing by 42.4% [2] - The rapid growth in the tertiary industry is driven by the booming digital economy and increasing demand for new energy vehicle charging services [2] Group 4: Future Projections - According to the "China Electric Power Industry Annual Development Report 2025," the total electricity consumption in 2024 is projected to reach 98.54 trillion kilowatt-hours, with a year-on-year growth of 6.8%, an increase of 0.1 percentage points from the previous year [2] - The national power system is expected to operate stably, with a general balance between electricity supply and demand [2]

农产品日报 | 2025-07-11 供需博弈，猪价维持震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约14375元/吨，较前交易日变动+110.00元/吨，幅度+0.77%。现货方面，河南地 区外三元生猪价格14.77元/公斤，较前交易日变动-0.24元/公斤，现货基差 LH09+395，较前交易日变动-350；江苏 地区外三元生猪价格 15.24元/公斤，较前交易日变动-0.06元/公斤，现货基差LH09+865，较前交易日变动-170；四 川地区外三元生猪价格14.38元/公斤，较前交易日变动+0.00元/公斤，现货基差LH09+5，较前交易日变动-110。 据农业农村部监测， 据农业农村部监测，7月10日"农产品批发价格200指数"为113.24，比昨天上升0.34个点，"菜 篮子"产品批发价格指数为113.38，比昨天上升0.40个点。全国农产品批发市场猪肉平均价格为20.73元/公斤，比昨 天上升1.0%；牛肉63.59元/公斤，比昨天上升0.2%；羊肉59.26元/公斤，比昨天下降0.5%；鸡蛋7.05元/公斤，比昨 天上升0.4%；白条鸡17.07元/公斤，比昨天上升0 ...

Group 1: Stock and Bond - The data reflects China's economic resilience, market risk aversion eases, and it is recommended to hold long positions in stock index futures [2] - Market interest rates are consolidating, treasury bonds are rebounding slightly, and it is advisable to hold light long positions in treasury bonds [2] Group 2: Black Sector - Major steel mills in Shanxi Province have restricted crude steel production by about 6 million tons. Under the "anti - involution" situation, the supply of finished products may shrink. Attention should be paid to the implementation of specific policy documents. There is no obvious increase on the demand side, and the black sector has risen significantly driven by sentiment [3] Group 3: Gold - Trump's latest tariff policy has boosted the market's risk - aversion sentiment and the price of gold, but the rising US dollar has suppressed gold. The minutes of the Fed's June meeting are hawkish, and the market expects the Fed to postpone the time of interest rate cuts. Gold is expected to maintain high - level consolidation [4] Group 4: Logs - The spot market price is running weakly. The price in the Shandong market has dropped by 10 yuan, and the price in the Jiangsu market has remained stable. The expected arrival volume will decrease month - on - month, the supply center will move down, the supply pressure will ease, and the daily average outbound volume will remain above 60,000 cubic meters. The supply - demand contradiction is not significant. Attention should be paid to the impact of log futures delivery on log prices [5] Group 5: Natural Rubber - The weather in Southeast Asian producing areas has eased, and rubber tapping work has gradually resumed. The demand for glue series has dragged down, showing a differentiation from the price of raw material cup lump. The capacity utilization rate of tire sample enterprises has declined. The contradiction between supply and demand at both ends has not been significantly alleviated, and the price of natural rubber continues to be under pressure [6] Group 6: Soybean and Bean Meal - The weather in the US Midwest is good, and South American soybeans have a bumper harvest and continue to be exported. Due to the good performance of US soybean export sales, short - covering has boosted US soybeans. About 10 million tons of imported soybeans will arrive in July. The oil mill operating rate remains high, the oil mill pick - up volume has declined, the bean meal inventory has continued to rise, and bean meal is expected to fluctuate in the short term [7] Group 7: Oil and Chemicals - The oil price may return to narrow - range fluctuations due to the lack of clear guidance. PX is continuously destocking and fluctuates with the oil price; the supply - demand expectation of PTA is weakening and it will follow the cost fluctuations in the short term; although the raw materials have recovered in the short term, the supply - demand of MEG is weakening, and the upward space of the disk is suppressed [8] Group 8: Pig - Currently, the price - holding sentiment of the breeding side is strong, and the pig sales in many northern regions are smooth. The pig price may continue to rise in the short term. After entering July, the pig supply in the south is expected to be tight, which may take over from the north and lead a new round of price increases [9]

2025.07. 11 本文字数：2142，阅读时长大约3分钟 封图丨 巴西总统卢拉（资料图） 据央视新闻，7月9日，美国总统特朗普发布致巴西总统卢拉的信函，威胁将对进口自巴西的产品征 收50%的关税。 对此，卢拉表示，巴西将与美国进行关税谈判，若无效将采取对等反制措施。截至当地时间10日， 巴西已从外交、经济、政治、国际舆论等多个方面等入手准备，全面应对美国发起的关税战。 当地时间7月10日，在美国威胁对巴加征关税后，巴西总统卢拉在接受采访时表示， 巴西将与美国 进行关税谈判，若无效将采取对等反制措施 。 卢拉表示，巴西将优先尝试进行关税谈判，并就美方这一单边加征关税措施在世界贸易组织提起诉 讼。他强调，如果谈判无效，会根据巴西《经济互惠法》规定， 采取对等反制措施，向美国出口巴 西产品征收50%关税 。 外交层面：退回特朗普信函 巴西外交部称，在初步评估中，特朗普信中提及"不可持续的美国（对巴西）贸易逆差"与事实严重不 符。因为在美国和巴西的贸易关系中，美国是顺差方，巴西是逆差方。 9日晚，巴西外交部召见美国驻巴西大使馆临时代办，要求美方核实信件的真实性。随后， 巴西外交 部以该信件"具有冒犯性且包含事实 ...

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The overall spot price of live pigs showed a fluctuating trend. After the previous continuous price increase, the market's enthusiasm for selling increased, leading to a price decline. However, the overall decline space was limited as the market's resistance to low prices increased. The market supply improved in the short term, and the upward momentum of prices was restricted. The follow - up supply pressure was still expected to exist due to the relatively high inventory, making it difficult for the spot price to continue rising [2]. - The live pig futures showed a fluctuating downward trend. After the previous rapid increase, the market's bullish sentiment declined, and the futures entered a high - level fluctuation state. It was expected to be affected by the weakening spot price. The short - term monthly spread was expected to be mainly volatile due to the lack of obvious driving factors [5]. 3. Summary According to Relevant Catalogs Spot Information - **Price Comparison**: The average price of live pigs on July 10, 2025, was 14.14 yuan/kg, down 0.13 yuan/kg from the previous day. Most regions saw price declines, with only Hunan and Jiangxi having slight increases. The prices of sows remained unchanged at 1621 yuan, while the prices of piglets rose to 439 yuan, an increase of 8 yuan from the previous week [2]. - **Profit Situation**: The spot breeding profit for self - breeding and self - raising was 119.72 yuan/head, an increase of 69.48 yuan compared to the previous day. The profit for purchasing piglets was - 26.26 yuan/head, an increase of 105.45 yuan [2]. - **Supply and Demand**: The slaughter volume was 132,166 heads, an increase of 89 heads from the previous day. The price difference between large and medium - sized pigs and standard pigs changed, with the price difference between large pigs and standard pigs increasing by 0.02 yuan [2]. Futures Information - **Futures Price**: The futures prices of LH01, LH03, LH05, LH09, and LH11 increased, while LH07 decreased. For example, LH01 rose from 13,675 yuan to 13,775 yuan, and LH07 fell from 13,960 yuan to 13,950 yuan [2]. - **Contract Spread**: The spread of LH7 - 9 decreased by 120 yuan, while LH9 - 1, LH9 - 11 increased by 10 yuan and 15 yuan respectively, and LH11 - 1 decreased by 5 yuan [2]. Trading Strategy - **Unilateral Trading**: It was mainly in a high - level volatile operation [6]. - **Arbitrage**: Conducted a positive spread arbitrage for LH91 [6]. - **Options**: Adopted a wait - and - see strategy [6].