Core Viewpoint - New Five Feng has announced a joint venture with France's Coplison Group to collaborate on a breeding project, indicating a strategic move to enhance its capabilities in the agricultural sector [1] Group 1: Joint Venture Details - The registered capital of the joint venture is 80 million yuan, with New Five Feng contributing 40.8 million yuan, representing a 51% stake, while Coplison contributes 39.2 million yuan for a 49% stake [1] - The joint venture has completed its business registration and obtained a business license from the Zhuzhou Market Supervision Administration as of November 12, 2025 [1]

公司于2024年12月27日获得供港2025年度首次分配配额126,872头，于2025年7月17日获得供港追加分配 配额72,746头，于2025年11月12日获得供港追加分配配额5,189头。截至公告日，公司累计获得2025年度 供港配额204,807头。 东瑞股份（001201）(001201.SZ)发布公告，公司于近日收到广东省商务厅来函《广东省商务厅关于追 加东瑞食品集团股份有限公司等3家企业2025年度供港澳活大猪出口配额的函》(粤商务管函〔2025〕 116号)，主要内容如下：根据《广东省商务厅关于下达2025年度供港澳活畜禽配额的通知》(粤商务管 函〔2024〕154号)确定的配额分配原则及公司来函申请，现追加东瑞食品集团股份有限公司2025年度供 港活大猪配额5,189头。 ...

公司于2024年12月27日获得供港2025年度首次分配配额126,872头，于2025年7月17日获得供港追加分配 配额72,746头，于2025年11月12日获得供港追加分配配额5,189头。截至公告日，公司累计获得2025年度 供港配额204,807头。 智通财经APP讯，东瑞股份(001201.SZ)发布公告，公司于近日收到广东省商务厅来函《广东省商务厅关 于追加东瑞食品集团股份有限公司等3家企业2025年度供港澳活大猪出口配额的函》(粤商务管函 〔2025〕116号)，主要内容如下：根据《广东省商务厅关于下达2025年度供港澳活畜禽配额的通知》 (粤商务管函〔2024〕154号)确定的配额分配原则及公司来函申请，现追加东瑞食品集团股份有限公司 2025年度供港活大猪配额5,189头。 ...

格隆汇11月13日丨东瑞股份(001201.SZ)公布，近日收到广东省商务厅来函《广东省商务厅关于追加东 瑞食品集团股份有限公司等3家企业2025年度供港澳活大猪出口配额的函》（粤商务管函〔2025〕116 号），主要内容如下：根据《广东省商务厅关于下达2025年度供港澳活畜禽配额的通知》（粤商务管函 〔2024〕154号）确定的配额分配原则及公司来函申请，现追加东瑞食品集团股份有限公司2025年度供 港活大猪配额5,189头。 来源：格隆汇APP 公司于2024年12月27日获得供港2025年度首次分配配额126,872头，于2025年7月17日获得供港追加分配 配额72,746头，于2025年11月12日获得供港追加分配配额5,189头。截至本公告日，公司累计获得2025年 度供港配额204,807头。 ...

每经AI快讯，11月13日，东瑞股份（001201）(001201.SZ)公告称，公司于近日收到广东省商务厅来 函，追加2025年度供港活大猪出口配额5189头。截至公告日，公司累计获得2025年度供港配额204,807 头。 ...

Core Viewpoint - Dongrui Co., Ltd. has received an additional quota of 5,189 live pigs for export to Hong Kong for the year 2025, bringing the total quota to 204,800 pigs as of the announcement date [1]. Group 1 - Dongrui Co., Ltd. announced the receipt of a letter from the Guangdong Provincial Department of Commerce regarding the allocation of live pig quotas for export to Hong Kong and Macau for 2025 [1]. - The additional quota is based on the principles outlined in the notification from the Guangdong Provincial Department of Commerce [1]. - The total quota of 204,800 pigs for 2025 indicates a significant commitment to meeting export demands [1].

Core Viewpoint - The recent decline in pig prices is attributed to a combination of factors including narrowing price differentials, weak consumer expectations, and increased supply pressures from farmers [3][10][13] Group 1: Price Dynamics - The average price of live pigs has recently dropped back to the 5 yuan range after briefly exceeding 6 yuan [2] - The price of large pigs has decreased due to a narrowing price differential, which previously incentivized farmers to engage in secondary fattening [3][6] - Despite a forecasted decrease in pig output in November, prices continue to fall due to existing supply levels and farmers' reluctance to sell at a loss [13] Group 2: Consumer Behavior - Consumer expectations for pork demand are weakening, influenced by limited disposable income and the availability of cheaper alternatives like poultry [10] - The timing of the upcoming Spring Festival in mid-February reduces the urgency for concentrated pork purchases, further dampening demand [10] Group 3: Supply and Risk Factors - Recent outbreaks of pig diseases in certain regions have raised concerns among farmers, leading to increased supply as they opt to sell rather than risk further losses [11] - The ongoing losses faced by many pig farming operations are accelerating the process of capacity reduction in the industry, although this may benefit the market in the long term [13]

生猪产业日报 2025-11-13 | 项目类别 数据指标 | | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货盘面 | 期货主力合约收盘价:生猪(日,元/吨) | 11860 | 65 主力合约持仓量:生猪(日,手) | 134785 | 1544 | | | 仓单数量:生猪(日,手) | 90 | 0 期货前20名持仓:净买单量:生猪(日,手) | -37130 | 2590 | | 现货价格 | 生猪价 河南 驻马店(日,元/吨) | 11800 | -100 生猪价 吉林 四平(日,元/吨) | 11400 | -200 | | | 生猪价 广东 云浮(日,元/吨) | 12500 | 0 生猪主力基差(日,元/吨) | -60 | -165 | | 上游情况 | 生猪存栏(月,万头) | 43680 | 1233 生猪存栏:能繁母猪(月,万头) | 4035 | -3 | | 产业情况 | CPI:当月同比(月,%) | 0.2 | 0.5 现货价:豆粕:张家港(日,元/吨) | 3050 | 0 | | | ...

格隆汇11月13日｜牧原股份公告称，近日收到股东牧原集团通知，其将持有的6420万股公司股份解除质 押，占其所持股份比例7.56%，占公司总股本比例1.18%，质权人为中信银行南阳分行，起始日为2023 年2月13日，解除日期为2025年11月12日。截至公告披露日，牧原集团及其一致行动人累计质押股份 1.73亿股，占其所持股份比例5.74%，占公司总股本比例3.16%。本次解除质押后，实际控制人及其一致 行动人剩余质押股份无实质性资金偿还风险，质押风险可控。 ...

Industry Investment Rating No relevant content provided. Core Viewpoints - Pig prices are generally under pressure and may continue a weak trend due to slow adjustment of reproductive sow capacity, significant growth in pig production capacity, high supply pressure, and potential increase in southern curing demand [4][6]. - Egg prices are expected to fluctuate at the bottom because of continuous decline in chick sales, low replenishment enthusiasm, continuous increase in old - hen culling, a slight decrease in laying - hen inventory, high current laying - hen inventory, high supply pressure, and weak consumption [7][8]. Summary by Directory I. Pig 1. Market Performance - The main 2601 contract of live pigs stopped falling after a low - level shock, and the spot price rebounded briefly and then declined again. The Zhengzhou outer ternary price dropped from 12,380 yuan/ton at the beginning of the month to 11,800 yuan/ton. The basis weakened, and the futures price was close to the spot price [4]. 2. Breeding Situation - Pig farming is facing serious losses. As of November 7, the profit of purchasing piglets for breeding was - 175.54 yuan per head, and the profit of self - breeding and self - raising was - 89.21 yuan per head. Feed raw material prices were stable or rising, and the pig - grain ratio was 5.6, below the break - even line [4]. 3. Production Capacity - The adjustment of reproductive sow capacity is slow. In September, the national reproductive sow inventory was 40.35 million heads, a decrease of 30,000 heads from the previous month. At this pace, it will take nearly 3 years to complete the policy - required reduction of 1 million heads. The national pig inventory at the end of the third quarter was 436.8 million heads, a month - on - month increase of 2.9% and a year - on - year increase of 23% [4]. - From the perspective of large - scale farms, the adjustment progress is also slow. In September, the reproductive sow inventory of large - scale farms was 5.0421 million heads, a decrease of 10,000 heads from the previous month. The number of piglet births increased slightly month - on - month, and the sales volume decreased. The inventory of commercial pigs increased month - on - month, and the proportion of fat pigs increased slightly [5]. 4. Demand - In October, the sales volume of commercial pigs from large - scale farms reached a new high in recent years. At the end of the third quarter, the national pig slaughter volume decreased month - on - month. Downstream slaughter enterprises became profitable again, and the operating rate was stable and higher than the same period last year. As of November 7, the operating rate of 81 slaughter enterprises was 33.49%, a slight month - on - month increase. The southern curing demand may gradually increase [6]. II. Egg 1. Market Performance - The main 2601 contract of eggs rebounded and then declined again. The spot price dropped, and the price of eggs in Xishui, the main producing area, decreased from 3,380 yuan/ton to 3,240 yuan/ton. The basis weakened, and the futures price was at a premium [7]. 2. Breeding Situation - Egg - chicken farming continues to be slightly loss - making. As of November 7, the national egg - chicken farming profit was - 0.47 yuan per chicken. The loss cycle has lasted for nearly 9 months. In October, the chick sales volume was 35.88 million feathers, a month - on - month decrease of 5% and a year - on - year decrease of 12.8%, reaching the lowest level in the same period in recent years [7]. 3. Production Capacity - The culling of old hens continued to increase. In October, the culling volume of old hens at sample points was 2.6675 million, a month - on - month increase of 8.7% and a year - on - year increase of 16.8%, reaching the highest level in the same period in recent years. The laying - hen inventory decreased slightly month - on - month for the first time this year, but still increased by 5.6% year - on - year. The laying - hen inventory may decline seasonally in the fourth quarter [7][8]. 4. Consumption - Egg consumption is relatively stable and depends on festival consumption stimulation. After October, consumption was insufficient, and the egg sales volume was 28,000 tons, a month - on - month decrease, at the lowest level in the same period in recent years [8].