Group 1 - The pork concept sector experienced a decline of 1.40%, ranking among the top declines in the concept sector, with major declines seen in companies like Bangji Technology, Tianyu Biology, and Jin Xin Nong [1][2] - Among the pork concept stocks, only two stocks saw an increase, with Aonong Biological rising by 4.15% and Jingji Zhino increasing by 0.35% [1][2] - The pork concept sector saw a net outflow of 815 million yuan from main funds today, with 24 stocks experiencing net outflows, and 8 stocks seeing outflows exceeding 30 million yuan [2][3] Group 2 - The stock with the highest net outflow was Muyuan Foods, which had a net outflow of 339 million yuan, followed by Wens Foodstuffs, Longda Meat Food, and Juxing Agriculture with net outflows of 106 million yuan, 46.25 million yuan, and 41.97 million yuan respectively [2][3] - The stocks with the highest net inflow included Aonong Biological, Jingji Zhino, and Zhenghong Technology, with net inflows of 26.42 million yuan, 13.40 million yuan, and 10.01 million yuan respectively [2][3] - The top stocks in the pork concept sector by net outflow included Muyuan Foods (-2.02%), Wens Foodstuffs (0.00%), and Longda Meat Food (-2.65%) [2][3]

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：根据2021年3月21日海南日报报道人保财险海南省分公 司与罗牛山集团、浙商期货有限公司共同实施了生猪"保险+期货"价格保险试点。为罗牛山集团的850头 生猪提供了278.87万元的价格风险保障，公司不是密切关注了吗？ 罗牛山（000735.SZ）9月17日在投资者互动平台表示，1、经核查，2021年3月21日《海南日报》所报道 的生猪"保险+期货"价格保险试点项目，其参与主体实际为海南罗牛山种猪育种有限公司（注：公司子 公司），并非"罗牛山集团"，系报道笔误。 2、经了解，罗牛山集团未开立期货账户交易，其也未从事 生猪养殖业务。 ...

中国发展网讯进入9月份以来，受生猪市场供应持续宽松，消费回暖不及预期等因素影响，山东省淄博 市生猪、猪肉价格呈弱势运行态势。 淄博市能源事业发展中心9月16日监测数据显示：集贸生猪均价为7.02元/斤，与上月同期相比下降 3.04%，与去年同期相比下降28.59%；集贸精瘦肉、五花肉全市均价分别为15.30元/斤、14.25元/斤，与 上月同期相比分别下降0.59%、0.63%，与去年同期相比分别下降20.02%、21.92%；超市精瘦肉、五花 肉全市均价分别为16.91元/斤、16.25元/斤，与上月同期相比分别下降2.87%、2.29%，与去年同期相比 分别下降18.94%、20.69%。 当前生猪和猪肉价格弱势运行的主要原因一是当前养殖端出栏节奏加快，规模集团猪场标猪正常出栏量 稳步提升，中小养殖户受标猪价格下行预期影响，加速出栏大猪，导致供应充足，市场呈现供强需弱态 势明显；二是8月底9月初，虽有学校开学、团膳需求启动等因素带动，终端需求略有回暖但恢复力度未 达预期，难以利好猪价和肉价，对市场价格支撑有限，加剧了生猪和猪肉价格下行。 短期来看，生猪出栏量预计延续增长态势，供给压力进一步凸显，而需求端短 ...

Group 1 - The A-share market for pork stocks has weakened, with several companies experiencing significant declines in their stock prices [1] - Bangji Technology saw a drop of over 8%, while Tianyu Biological fell over 6%, and Jinxinnong decreased by over 4% [1] - Other notable declines include Haida Group down over 3%, Longda Meishi and Dayu Biological both down over 2%, and Muyuan Foods down over 2% as well [1] Group 2 - Bangji Technology's market capitalization is 4.777 billion, with a year-to-date increase of 183.41% despite the recent decline of 8.45% [2] - Tianyu Biological has a market cap of 2.707 billion, with a year-to-date increase of 15.90%, experiencing a decline of 6.23% [2] - Jinxinnong's market capitalization stands at 3.937 billion, with a year-to-date increase of 23.17%, and a recent drop of 4.12% [2] - Haida Group has a market cap of 106.9 billion, with a year-to-date increase of 33.54%, and a decline of 3.19% [2] - Longda Meishi's market cap is 6.313 billion, with a year-to-date decrease of 26.14%, and a recent decline of 2.99% [2] - Dayu Biological has a market cap of 1.192 billion, with a year-to-date increase of 90.39%, and a decline of 2.90% [2] - Muyuan Foods has a market cap of 307 billion, with a year-to-date increase of 48.15%, and a decline of 2.02% [2]

全链发力促升级 宁夏泾源肉牛"犇"出富民路 中新网固原9月17日电 (记者 李佩珊)9月17日，记者来到宁夏固原市兴盛乡上黄村，村民马天成正忙着 给自家42头牛准备"早餐"，草料搅拌机里的麦草与麦麸混合翻滚，空气中弥漫着淡淡的草料清香，隆隆 的机器声仿佛一首清晨的交响乐，唤醒了这个西北小村的活力。 针对物流成本高这一痛点，当地建立肉牛活体和胴体运输补贴机制，整合备案车辆、自有车辆及供销冷 链车三类资源，不仅破解了屠宰运输难、私屠滥宰多等难题，还带动200余人就业，增收超360万元。 政策加持下，泾源肉牛产业规模持续壮大。目前，泾源县肉牛饲养量达11.5万头，肉牛养殖户6800户， 规模化养殖比重超47%；培育精深加工企业10家、合作社230家，在区内外布局直营店120家、"泾源黄 牛肉"火锅体验店14家、牛肉饼店44家。 与此同时，泾源县肉牛产业链不断延伸，让产品的附加值稳步提升。 聚焦肉牛精细分割与精深加工，泾源县按"十六分体""三十二分体"标准年均精细分割加工肉牛1万头以 上，精深加工1.34万头，开发出牛肉干、牛肉酱等6大类30种产品，畅销全国20多个省市，本地加工转 化率达64%。 泾源县一处安格斯肉 ...

Core Insights - The article highlights the role of financial services in promoting rural revitalization in Qinghai Province, particularly through the support of local banks for agricultural cooperatives and enterprises [2][8]. Group 1: Financial Support for Cooperatives - The Huangning Ecological Animal Husbandry Cooperative, initially starting with 10 yaks, has grown to become a "thousand-head demonstration cooperative" with the help of Huangning Rural Commercial Bank, which provided initial credit of 50,000 yuan and subsequent loans totaling 100,000 yuan and 500,000 yuan [3][4]. - The cooperative faced challenges in scaling up due to a lack of traditional collateral, but the bank recognized the ecological and social value of the cooperative, leading to a 2 million yuan loan with interest subsidies [5][6]. Group 2: Impact on Local Economy - The cooperative's growth has attracted additional local farmers and provided employment opportunities for returning youth, demonstrating the positive impact of financial support on local economic development [6][8]. - The cooperative's annual income reached 700,000 yuan with plans to expand further, showcasing the potential for financial services to drive agricultural productivity [4][6]. Group 3: Development of Local Enterprises - The Zeku Muyu Agricultural and Animal Products Company, established in August 2023, plays a significant role in local rural revitalization by integrating various aspects of the yak and sheep industry, supported by Zeku Rural Commercial Bank [7][8]. - The bank facilitated a 10 million yuan loan to the company, easing cash flow issues and enabling the company to maintain operations and expand its facilities [8]. Group 4: Community Benefits - The Zeku Muyu Company purchases livestock at prices 2 to 5 yuan above market rates, directly benefiting local herders and enhancing their income [8]. - The financial support from local banks is crucial for both cooperatives and enterprises, emphasizing the importance of tailored financial services in fostering sustainable rural development [6][8].

Report Industry Investment Rating - The investment rating for the pig and egg markets is cautiously bearish [3][5] Core Viewpoints - In the short term, the pattern of strong supply and weak demand in the pig market is difficult to change, but in the medium and long term, attention should be paid to the reduction of production capacity and national policy changes [2] - The overall demand for eggs is still strong due to the festival boost, but attention should be paid to the impact of cold - storage eggs entering the market on the spot market [4] Summary by Related Catalogs Pig Market Market News and Important Data - Futures: The closing price of the live pig 2511 contract yesterday was 13,160 yuan/ton, a change of - 115.00 yuan/ton from the previous trading day, a decrease of 0.87% [1] - Spot: In Henan, the price of external ternary live pigs was 13.17 yuan/kg, a change of - 0.15 yuan/kg from the previous trading day; in Jiangsu, it was 13.39 yuan/kg, a change of - 0.10 yuan/kg; in Sichuan, it was 12.76 yuan/kg, a change of - 0.11 yuan/kg [1] - Wholesale market: On September 16, the "Agricultural Product Wholesale Price 200 Index" rose 0.06 points; the "Vegetable Basket" product wholesale price index rose 0.08 points. The average price of pork was 19.88 yuan/kg, unchanged; beef was 65.65 yuan/kg, unchanged; mutton was 61.21 yuan/kg, up 0.2%; eggs were 8.13 yuan/kg, up 0.2%; white - striped chickens were 17.68 yuan/kg, up 0.9% [1] Market Analysis - The weight - reducing slaughter of group factories has weakened the festival's boosting effect. In the short term, the pattern of strong supply and weak demand is hard to change, and in the long term, attention should be paid to the reduction of breeding sows and policy changes [2] Strategy - Cautiously bearish [3] Egg Market Market News and Important Data - Futures: The closing price of the egg 2511 contract yesterday was 3,113 yuan/500 kg, a change of - 30.00 yuan from the previous trading day, a decrease of 0.95% [3] - Spot: In Liaoning, the egg spot price was 3.60 yuan/jin, a change of + 0.11 from the previous trading day; in Shandong, it was 3.85 yuan/jin, a change of + 0.10; in Hebei, it was 3.60 yuan/jin, unchanged [3] - Inventory: On September 16, the national production - link inventory was 0.50 days, an increase of 0.05 days from the previous trading day, and the circulation - link inventory was 0.60 days, an increase of 0.04 days [3] Market Analysis - After the egg price increase, the terminal consumption and sales are smooth, and the demand is still strong due to the festival boost. Attention should be paid to the impact of cold - storage eggs entering the market [4] Strategy - Cautiously bearish [5]

Group 1 - The core discussion at the meeting focused on the task of controlling the breeding sow capacity among pig farming enterprises [1] - Major companies such as Muyuan Foods and Wens Foodstuff Group participated in the meeting [1] - The government plans to reduce the national breeding sow inventory by approximately 1 million heads, bringing it down to about 39.5 million heads [1]

021-60635732 yulanlan@ccb.ccbfutures.com 期货从业资格号：F0301101 021-60635727 期货从业资格号：F0230741 研究员：洪辰亮 021-60635572 hongchenliang@ccb.ccbfutures.co m 期货从业资格号：F3076808 021-60635570 行业 生猪日报 日期 2025 年 09 月 17 日 021-60635740 期货从业资格号：F3055047 农业产品研究团队 研究员：林贞磊 linzhenlei@ccb.ccbfutures.com 研究员：余兰兰 研究员：王海峰 wanghaifeng@ccb.ccbfutures.com 研究员：刘悠然 请阅读正文后的声明 ＃summary＃ 每日报告 一、行情回顾与操作建议 数据来源：涌益，建信期货研究中心 生猪行情： 期货方面，16 日生猪主力 2511 合约高开后震荡走跌，尾盘收阴，最高 13335 元/吨，最低 13125 元/吨，收盘报 13160 元/吨，较昨日跌 0.30%，指数总持仓增 加 8212 手至 217535 手。现货方面，16 ...

Core Insights - The article highlights the achievements in China's agricultural sector, including stable grain production, increased early rice yield, and expanded autumn grain planting area, contributing to a projected national grain output of over 1.4 trillion jin in 2024 [1][2][3] Group 1: Grain Production and Security - China's per capita grain availability has reached 500 kg, ensuring basic self-sufficiency in grains and absolute safety in staple food supply [2] - The Ministry of Agriculture and Rural Affairs is implementing a new round of actions to enhance grain production capacity, focusing on high-standard farmland construction and seed industry revitalization [2] - The country has seen a significant increase in soybean production, reaching 20.65 million tons, with a self-sufficiency rate improvement of 4 percentage points since 2020 [2] Group 2: Agricultural Resilience and Technology - The Ministry has strengthened disaster warning systems and improved agricultural disaster prevention capabilities, enhancing the climate resilience of grain production [3] - Agricultural technology innovation in China has reached a global leading level, with over 100 million acres of high-standard farmland established and a mechanization rate exceeding 75% [4] - The contribution rate of agricultural technology progress stands at 63.2%, with over 95% of crop varieties being independently bred [4] Group 3: Diversified Food Supply System - The agricultural sector is diversifying food sources by utilizing resources from forests, grasslands, rivers, and seas, as well as enhancing modern livestock and aquaculture development [6][7] - Total production of meat, eggs, and milk reached 175 million tons, an increase of 2.778 million tons or 18.8% since 2020, with per capita consumption of meat and eggs exceeding global averages [6] - The total output of aquatic products reached 73.58 million tons in 2024, marking a 12.3% increase since 2020, maintaining China's position as the world's largest producer for 36 consecutive years [6] Group 4: Facility Agriculture and Nutritional Balance - The area of facility agriculture has reached 40 million acres, with annual vegetable production exceeding 200 million tons, ensuring year-round supply [7] - The production of edible fungi has reached over 42 million tons, accounting for 85% of global output, while the cultivation of strawberries and cherries has extended their market availability [7] - Nutritional intake of Chinese residents is approaching that of developed countries, with balanced consumption of protein, fat, and carbohydrates [7]