正邦科技(002157.SZ)公告称，2025年第一季度 营业收入为30.02亿元，同比增长108.22%。归属于上市 公司股东的 净利润为1.71亿元，同比 扭亏为盈。 ...

1. Report Industry Investment Rating - The industry is rated with a bearish outlook, suggesting a negative view on the market [16] 2. Core View of the Report - The decline of live hog futures on April 24 is reasonable considering the ample supply, decreasing industry costs, and the profit space in the futures market. The market should be viewed with a bearish mindset, and attention should be paid to the release of supply pressure and the decline range of spot prices [2][16] 3. Summary by Related Content 3.1 Market Performance of Live Hog Futures - On April 24, live hog futures opened and then quickly declined. The main 2509 contract showed a large negative candlestick with a long lower shadow, and the 2511 contract also dropped significantly, with an intraday low of 13,685 yuan/ton, approaching the previous lows [2] - Since April, live hog futures first had an upward trend. One reason was the increase in the price of soybean meal, a feed raw material, due to the Sino - US tariff conflict in early April, which drove up the futures price. Another reason was the impact of hog holding for weight gain and secondary fattening, which made the spot price oscillate strongly and the futures price repair the basis upward [2] 3.2 Supply - Side Indicators 3.2.1 Sow Inventory - Official data shows that the number of sows capable of reproduction continued to rise until the end of December last year, indicating that the theoretical hog slaughter volume will be on an upward trend until the end of October this year. Steel Union data shows that the sow inventory recovered last year and remained relatively stable in the first quarter of this year [6] 3.2.2 Number of New - born Piglets - Since last year, the number of new - born piglets has generally been on the rise. Although it declined in the fourth quarter of last year, it has returned to an upward trend since the first quarter of this year. In March this year, it reached a level close to the high in 2023. The piglets born in the first quarter correspond to the hog slaughter from July to September, so the 9 - month contract faces greater slaughter pressure [9] - The hog slaughter volume in the second quarter may be affected by the decline in the number of new - born piglets in the fourth quarter of last year, but the weight gain and supply shift caused by hog holding and secondary fattening from February to April this year can supplement the supply in the second quarter [9] 3.3 Impact of Hog Holding and Secondary Fattening - The previous hog holding for weight gain has led to a continuous increase in the industry's average weight, and the current average weight has reached the second - highest level in the past five years. The core reason for continuous hog holding and secondary fattening after the Spring Festival this year is the positive price difference between fat and standard hogs, which is an opportunistic behavior to earn high premiums for large hogs [11] - The price difference between fat and standard hogs has been repaired from the extreme high in February to near zero, and it is expected that the momentum for hog holding and secondary fattening will weaken, and the slaughter rhythm will accelerate [11] 3.4 Cost and Profit Situation - The industry's breeding cost is still decreasing. Taking Muyuan Co., Ltd., a leading self - breeding and self - raising enterprise, as an example, the full cost of hog breeding continued to decline, reaching 12.5 yuan/kg in March 2025. According to listed company announcements, the current industry average cost is about 12 - 13 yuan/kg [14] - Since last year, the profit from piglet sales has been positive, which is consistent with the continuous recovery of sow production capacity and is significantly different from the situation in 2023 when continuous losses in piglet sales led to a reduction in sow production capacity and a potential supply gap in 2024 [15]

华夏时报（www.chinatimes.net.cn）记者 王悦 北京摄影报道 在经历了去年牛肉市场持续的"跌跌不休"后，牛肉价格终于迎来了反弹时刻。 "这是一次供需关系错配后的'修正反弹'。从供给端看，过去一年，由于牛价持续低迷，许多养殖户被迫'割肉止 损'，大量能繁母牛遭到淘汰，导致基础产能受损。这种'去产能'在短期内释放了大量存栏，压低了市场价格；但 一旦库存消化完毕，新的供给难以跟上，价格就必然反弹。而从需求端看，尽管整体消费增速放缓，但牛肉作为 结构性升级的代表，仍具备一定韧性，特别是在餐饮复苏、连锁快餐扩张、新中产消费崛起的共同作用下，呈现 出'高位刚需'的特点。因此，这一轮价格上涨并非偶然，而是供需重新寻价过程中的必经阶段。"知名商业顾问、 企业战略专家霍虹屹接受《华夏时报》记者采访时说道。 值得一提的是，从供需的角度来看，"缺牛不缺肉"是业者普遍的共识，但仍然需要持续观察2023年6月至2025年春 节前，因为牛价低迷导致的能繁母牛超量宰杀的水平，进一步确认"缺牛"程度。 孙建伟表示，从2025年2月份至今，500斤—700斤小公牛平均价格在15元/斤左右，养殖户的补栏成本属中高水 平，补栏并 ...

巨星农牧（603477）公告，公司拟以5000万元-1亿元资金回购股份，回购价格不超过28元/股。本次回 购的资金来源为公司自有资金和金融机构借款，回购的股份将用于员工持股计划或股权激励。回购期限 为董事会审议通过之日起12个月内。若回购股份全部用于实施员工持股计划或股权激励并全部予以锁 定，预计公司股权结构的变动为有限售条件流通股份增加178.57万股-357.14万股，占总股本比例 0.35%-0.70%。本次回购不会对公司日常经营、财务、研发、盈利能力、债务履行能力、未来发展及维 持上市地位等产生重大影响。 ...

土地集中流转政策表面上解决了撂荒地复耕问题，实则加剧了小农的脆弱性，小农原本的生产模式被干 预。Y村700亩土地流转给企业种植辣椒后，村民失去散养空间，而流转租金（300元/亩/年）无法覆盖 原有散养鸡的收益（每只鸡80~150元，最高可达240元）。 一位老农抱怨："种辣椒可能血本无归，市场价格和产量又不稳定，养鸡至少每天有蛋吃。"政策未提供 替代性补偿收入的渠道，这导致57%的老年农户退出零工市场，生计链断裂。 水利设施的现代化改造进一步暴露政策与现实的错位。Z村投入200万元修复干渠，但因设计未考虑地 形落差，下游农田仍无法引水灌溉。村民被迫自费打井或依赖雨水，部分田地再度撂荒。村干部坦 言："水利修得再漂亮，水引不到田里也是白费。"这种"重硬件轻实效"的治理逻辑，折射出政策目标与 地方需求的脱节。 行政包办与社区自治的治理困境 走地鸡，以其肉质紧实、口感丰富、营养价值高而闻名，承载着岭南乡村特有的生态智慧。在糖镇的田 野调查中，传统散养模式构建了"鸡治虫、粪养田"的微循环系统——家禽在稻田捕食害虫，每亩农田可 减少农药支出约200元，而农户通过出售走地鸡每只可获80~150元收益，这形成了"活钱罐"式 ...

在内蒙古锡林郭勒草原上的棚圈里，"咩咩""哞哞"的叫声此起彼伏。 接羔保育是关乎牧民一年生计的关键时期，中国人民银行锡林郭勒盟分行为此汇集多方金融力量，积极 引导辖区金融机构全方位支持草原接羔保育工作，为草原畜牧业的繁荣发展再添动力。截至2025年2月 末，锡林郭勒盟金融机构已累计发放接羔保育贷款21.57亿元，共计2.56万笔。 推出"地毯式"金融服务 近两年青储等饲草价格居高不下、活牛活羊出栏均价下降近两成，养殖成本攀升与销售价格下滑的双重 压力导致牧民面临资金短缺、饲草料告急、新生牲畜过冬难等问题。为切实解决农牧民接羔保育资金需 求，中国人民银行锡林郭勒盟分行组织辖内金融机构主动对接各苏木镇、嘎查村、合作社、农牧户，逐 户摸排了解，形成资金需求信息台账，选派贷款专员依据牧民实际情况"一对一"对接，并通过线上线下 （300959）等多种渠道，大力宣介相关信贷产品，确保金融服务"触角"延伸至农牧区"最后一公里"。 "现在技术了不得，手机上一申请，不用出门就能收到贷款，又省了路费又能照顾家里的牛羊，太方便 了！"东乌珠穆沁旗某嘎查的牧民那顺布和对来访的信用社工作人员竖起了大拇指。据了解，那顺布和 家距离最近的 ...

注：指数/基金短期涨跌幅及历史表现仅供分析参考，不预示未来表现。市场观点随市场环境变化 而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不构成任何投资建议，也不构成对基金 业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相匹配的产品。基金有风险，投资需谨 慎。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 华鑫证券指出，2025年2月以来，全国生猪出栏价回落至14元/公斤区间并持续震荡，主要受10个月 前能繁母猪产能变动影响。尽管2024年5月行业进入增产阶段，但产能绝对值仍处低位，因规模场资金 紧张扩产谨慎，散户产能退出或转向育肥。预计2025年猪价将呈现"淡季不淡、旺季不旺"的弱周期走 势，行业分化加剧，成本领先企业将保持盈利。 养殖ETF（159865）跟踪中证畜牧指数（代码：930707），选取沪深市场中涉及畜禽饲料、畜禽养 殖、畜禽疫苗和肉 ...

Group 1 - Recent pork prices have unexpectedly risen, with analysts suggesting that this short-term increase may not alter the downward trend expected in the future [1][2] - As of April 21, the price of live pigs reached 15.01 yuan/kg, marking a nearly 4% increase from 14.44 yuan/kg on February 13 [1] - Huatai Securities attributes the recent price increase to seasonal factors and inventory adjustments, while also noting that the supply of pigs is expected to increase in the future due to rising breeding stock and piglet numbers [1] Group 2 - The current pig market is characterized by weak supply and demand, with prices remaining stable due to the influence of secondary fattening [2] - As temperatures rise, the demand for pork may weaken, leading to a forecast of fluctuating prices in the short term [2] - Both Huatai Futures and Ruida Futures anticipate that while short-term prices may remain stable, there are medium-term risks of price declines due to potential increases in supply [2]

Core Viewpoint - Sichuan province is making significant strides in transforming from an agricultural powerhouse to an agricultural stronghold, focusing on enhancing rural industries to reduce urban-rural disparities and promote common prosperity [1][2]. Agricultural Production - In 2022, Sichuan's total grain output reached 726.8 billion jin, with an average yield of 378.2 kg per mu, both setting historical records [1]. - The province maintained its position as the top producer of live pigs, with an output of 61.496 million heads [1]. Rural Industry Development - Sichuan is actively promoting rural industries to increase farmers' income, achieving a 6.6% growth in per capita disposable income for rural residents, surpassing the 1.9% increase for urban residents [1]. - In 2024, the total planting area for citrus in Pujiang County is expected to reach 445,000 mu, with an estimated output of 1.03 million tons and a production value of 7.282 billion yuan [2]. Innovative Agricultural Practices - The "Two Replacements" initiative in Pujiang County, which promotes organic fertilizers over chemical fertilizers and green pest control over chemical methods, has led to over 75% coverage of organic fertilizer use and over 70% for green pest control, resulting in a market price increase of over 30% for the produced goods [3]. - The county has also developed sustainable agricultural practices, such as rice-vegetable rotation and intercropping, achieving high yields and profitability [4]. Industry Clusters and Value Chains - Sichuan is focusing on building agricultural industry clusters, with a goal to create a comprehensive agricultural industry system that includes livestock, grain, and various specialty crops [6][7]. - The "1+1+8" strategy aims to enhance the agricultural value chain by integrating upstream production, midstream processing, and downstream marketing [7]. Farmer Benefit Mechanisms - The province is establishing mechanisms to ensure that farmers benefit from industrial growth, promoting models that connect small farmers with larger markets through cooperatives and direct purchasing agreements [9]. - In 2024, the East Slope District's pickled vegetable industry is projected to generate a comprehensive output value of 22.5 billion yuan, showcasing the economic impact of local agricultural enterprises [6]. Employment and Income Generation - The establishment of agricultural industry strong towns and clusters has created over 603,000 jobs, with participating farmers earning an average disposable income of 26,500 yuan, higher than the local average [12]. - Successful models of income generation include direct procurement agreements between processing companies and farmers, which have significantly increased farmers' incomes [10][11].

四川发改委发布生猪价格过度下跌情形二级预警公告 金十期货4月21日讯，据我委监测，截至4月17日，全省平均猪粮比价为5.86∶1，已连续3周处于5:1-6:1， 进入《四川省生猪猪肉市场价格调控预案》设定的价格过度下跌情形二级预警区间。建议养殖场（户） 科学安排生产经营决策，将生猪产能保持在合理水平。下一步，我委将继续密切关注生猪市场价格走 势，认真做好《预案》组织落实工作，促进生猪市场平稳运行。 相关链接 ...