1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The supply - demand pattern in the pig market remains supply - strong and demand - weak, and the spot price lacks a basis for a significant rebound. It is expected that the spot price will mainly fluctuate at a low level. The slowdown in the market supply rhythm has limited impact on price improvement. Although the decline in the spot price has narrowed, September is still a stage with relatively large theoretical出栏 pressure. The near - month futures contracts should be operated with a short - selling strategy on rallies [6]. 3. Summary According to Relevant Catalogs 3.1 Data Overview and Market Views - **Price Indicators**: The national average price of standard pigs this week was 13.26 yuan/kg, a week - on - week decrease of 0.46 yuan/kg and a decline of 3.35%. The average price of standard pigs in different regions showed differentiation, with the lowest in Guangxi at 12.43 yuan/kg. The price of piglets continued to decline rapidly, with the national average price falling below 300 yuan/head. The price of sows decreased slightly, and the price of white - striped pigs also declined, with a deeper decline than that of live pigs, and the price difference between live pigs and white - striped pigs narrowed [4]. - **Capacity Indicators**: The official inventory of reproductive sows in July was 40420,000 heads, a month - on - month decrease of 10,000 heads. The indicators of the average number of healthy piglets per litter and the fattening survival rate remained stable. The inventory of commercial pigs continued to increase, and the planned monthly出栏 volume of major institutions in September showed an upward trend. The theoretical出栏 volume from September to December is expected to increase month - by - month, indicating a relatively large supply pressure [4]. - **Demand Indicators**: The sample slaughter volume continued to increase, and the slaughter start - up rate rose, indicating sufficient market supply. The demand improvement in September was uneven, and attention should be paid to the impact of the pre - holiday stocking demand at the end of the month on the consumer market [5]. - **Cost and Profit Indicators**: The continuous decline in the spot price led to a reduction in the profits of the breeding end, especially the mode of purchasing piglets was in deep losses. The ratio of pig price to grain price was below 6 for two consecutive weeks, and there were high calls for the government to purchase and store pigs to support the price. The Ministry of Commerce's anti - dumping measures against imported pork from the EU had a relatively large impact on the import market, but it was difficult to reverse the supply - demand fundamentals [5]. - **Futures Market Indicators**: The spot price continued to decline, the near - month futures contracts followed the spot price downwards, and the valuation of the far - month contracts was re - structured [5]. 3.2 Market Price Trends - The report presents the historical price trends of standard pigs, white - striped pigs, piglets, and sows from 2022 to 2025 through charts, showing the price fluctuations in different years and months [9]. 3.3 Pig Market Balance Sheet - From March to May, the supply - demand gap was the same as the previous year; from June to August, the supply - demand gap widened rapidly and was higher than the previous year [13]. 3.4 Capacity and Supply Data - **Sow Inventory**: The official inventory of reproductive sows and the sample inventory data of Steel Union showed a slight decline. The total elimination volume of reproductive sows and the elimination volume of different subjects were also presented, and the birth number, sales volume of piglets, and the sales volume of piglet feed and fattening feed were also included [16][22]. - **Litter Efficiency**: The report shows the historical data of breeding farrowing rate, average number of healthy piglets per litter, fattening survival rate, and survival rate of piglets from 2020 to 2025. The PSY of 16 listed pig - raising enterprises has been increasing year by year, which is an important reason for the continuous over - expectation of piglet supply [32][34]. - **Commercial Pig Inventory and出栏**: The inventory of commercial pigs continued to increase, and the planned出栏 volume of major institutions in September showed an upward trend. The report also presented the inventory structure of different weights,出栏 weight, and price differences between standard and fat pigs [4][36]. 3.5 Slaughter Volume and Market Demand - **Slaughter Situation**: The fresh - selling rate, daily slaughter volume, capacity utilization rate, and start - up rate of slaughter enterprises from 2021 to 2025 were presented. In July 2025, the slaughter volume of large - scale designated pig slaughtering enterprises was 31.66 million heads, a month - on - month increase of 5.3% and a year - on - year increase of 30.4%. From January to July 2025, the slaughter volume was 215.21 million heads, a year - on - year increase of 16.6% [57][58]. - **Market Supply**: The report shows the historical data of the wholesale volume of white - striped pigs in Xinfadi Market, the arrival volume of white - striped pigs in Shanghai Western Suburb Market and Nanhuanqiao Market, and the price trends of beef, mutton, chicken, and fish from 2021 to 2025 [59][68]. 3.6 Breeding Costs and Industrial Profits - The report presents the historical trends of profits from purchasing piglets and self - breeding and self - raising, the price of fattening feed, the ratio of pig price to grain price, and the current and expected breeding costs of different breeding modes from 2021 to 2025 [72][80]. 3.7 Futures Market Situation - **Futures Contract Trends**: The report shows the price trends of different futures contracts (01, 03, 05, 07, 09, 11) from 2022 to 2026 [94]. - **Basis Trends**: The basis trends of different futures contracts from 2023 to 2026 were presented [104]. - **Contract Spread Trends**: The spread trends between different futures contracts from 2022 to 2026 were presented [113].

Core Insights - The "Media+" initiative is creating new opportunities for the high-quality development of the livestock industry in Guangdong, with over 1 million participants engaged in training sessions [1][3][15] - The training sessions focus on practical methodologies for brand building and market integration, leveraging media strategies to enhance the visibility and sales of livestock products [3][10][12] Group 1: Training Impact - The second training session attracted 354,000 online learners, following the first session's impressive 672,000 views, indicating a growing interest in the "Media+" approach [1][3] - Participants are encouraged to utilize "Media+" strategies to transform from merely selling products to selling brands and cultural narratives, addressing challenges such as market visibility and distribution channels [10][12] Group 2: Case Studies and Methodologies - Successful case studies, such as the marketing of Xu Wen pineapples, illustrate how media platforms can turn underperforming products into market successes through strategic branding and consumer engagement [5][12] - The training highlighted the importance of storytelling in brand development, with speakers emphasizing the need to connect cultural narratives with product marketing to enhance brand value [11][12] Group 3: Industry Challenges - The Guangdong livestock industry faces several challenges, including a fragmented brand system, traditional marketing methods, and a lack of international brand recognition, which hinder its ability to achieve high-value transformation [8][12] - The need for a comprehensive marketing system, like the "12221" model, is emphasized to improve market access and sales efficiency for agricultural products [12][14] Group 4: Future Directions - Future training sessions will incorporate innovative formats such as short dramas and AI, aiming to provide more practical experiences for industry professionals [15][17] - There is a strong expectation among participants for continued insights into the integration of "Media+" with industry practices, fostering a shift from production advantages to brand and market advantages [17]

（原标题：加纳二季度经济增长6.3%） 据加纳"乐在线"新闻网9月10日报道，根据加统计局的初步统计，加二季度经济增长率达6.3%，主 要受服务业增长推动，该行业二季度增长率为9.9%，在国民经济中占比最高。服务业中增长最快的五 大细分行业为信息和通信（21.3%）、教育（16.6%）、卫生和社会工作（14.6%）、其他个人服务 （11.3%）以及金融和保险（9.7%）。农业中畜牧业增长最快（5.9%），渔业增长最缓（0.9%）；工业 中电力行业表现最佳（6.7%），采矿和采石业则出现萎缩（-1.8%）。 ...

携手八大畜牧协 会庆丰收！云浮 打造生猪种 业"硅谷"、畜牧 产业高地_南方 +_南方plus 金秋时节，丰收 气息弥漫南粤大 地。 今年丰收节之 时，一场关乎广 东畜牧产业高质 量发展的盛会， 将在云浮新兴举 办。云浮携手广 东畜牧业八大协 会，开展庆丰收 活动，共商"媒 体＋"生猪种业 产业"硅谷"、畜 牧产业高地建设 大计，期间，云 浮市猪种业全产 业链招商大会同 步召开。 受访者供图 打造生猪种业高地，为什么是云浮？ 在乡村振兴战略 深入推进的背景 下，云浮市立足 自身资源，聚焦 畜牧产业核心领 域，以生猪种业 创新发展为抓 手，走出了一条 特色鲜明的畜牧 产业升级之路。 种子是农业 的"芯片" 。2025 年中央一号文件 提出，以科技创 新引领先进生产 要素集聚，因地 制宜发展农业新 质生产力。深入 实施种业振兴行 动，发挥重大农 业科研平台作 用，加快攻克一 批突破性品种。 继续推进生物育 种产业化。 面对种源"卡脖 子"难题，近年 来，云浮市联合 温氏等当地龙头 企业，全力推进 种业创新攻关。 温氏育种公司现 代化育种基地。 温氏育种公司现代化育种基地。 作为广东生猪种 业发展的中坚力 量，温氏 ...

Core Viewpoint - The pig market shows signs of stabilization after a period of continuous decline, with a slight increase in prices observed on September 12, 2025 [1] Price Monitoring - On September 12, the average price of pigs nationwide was 13.72 yuan per kilogram, which is an increase of 0.01 yuan per kilogram compared to the previous day [1] - The price trend indicates a mix of 4 regions experiencing price increases, 7 regions seeing declines, and 20 regions remaining stable, reflecting a downward trend overall [1] Market Analysis - The market is characterized by strong supply and weak demand, with a notable increase in the sentiment of sellers holding back on sales [1] - The upcoming double holiday is expected to trigger some stocking up in demand, but the impact on prices is anticipated to be limited [1] Price Differential - The average price differential for the external three yuan pig price across 21 major regions was approximately 0.49 yuan per kilogram, which is an increase of 0.03 yuan per kilogram from the previous day [1] - This price differential remains below the average transportation cost of 0.56 yuan per kilogram, indicating ongoing supply chain pressures [1]

Core Viewpoint - The Gobi Bactrian camel industry in Urat Rear Banner, Inner Mongolia, is transforming into a significant driver for rural revitalization, showcasing the economic potential of this unique breed and its products [1][3]. Group 1: Economic Impact - The Urat Rear Banner has positioned the Gobi Bactrian camel industry as a key element in rural revitalization, emphasizing its cultural and economic value [3]. - The total number of Bactrian camels in the region is stable at over 30,000, with 4,809 herders involved in camel breeding, leading to an average annual income increase of over 28,000 yuan per household and a total industry output value exceeding 500 million yuan [3][5]. - The camel industry has become a substantial source of income for herders, with one herder noting that reliance on camels has improved their quality of life significantly [3]. Group 2: Ecological Balance - Urat Rear Banner faces ecological challenges due to its fragile environment, with a plan to expand grazing bans and improve subsidy mechanisms to achieve over 30% vegetation coverage by 2030 [5]. - A 45-day grazing rest system has been implemented, providing participating herders with a subsidy of 5,000 yuan per household, promoting a model of "enterprise + cooperative + base + herder" to alleviate risks for herders [5]. Group 3: Industry Development - The Gobi Bactrian camel industry has developed a modern production chain, with 10 specialized cooperatives processing 3,000 tons of fresh camel milk, 1,000 tons of camel meat, and 200 tons of camel wool annually [6]. - The region has also expanded into cultural and tourism sectors, hosting events like the camel polo invitation tournament and establishing the first Gobi Bactrian camel art museum, enhancing the breed's visibility [6]. - The Gobi Bactrian camel has been recognized as the sixth double-humped camel breed in China, laying the groundwork for standardized and large-scale development of the industry [6].

Core Insights - Huadong Co., Ltd. (002840.SZ) reported its livestock sales for August 2025, indicating a total of 205,081 pigs sold, with no piglets sold, reflecting a month-on-month increase of 4.87% and a year-on-year increase of 2.31% [1] - The sales revenue from pig sales in August amounted to 337.72 million yuan, showing a month-on-month increase of 0.54% but a year-on-year decrease of 15.01% [1] Sales Performance - Total pigs sold in August: 205,081 heads [1] - Month-on-month sales change: +4.87% [1] - Year-on-year sales change: +2.31% [1] Revenue Analysis - Sales revenue for August: 337.72 million yuan [1] - Month-on-month revenue change: +0.54% [1] - Year-on-year revenue change: -15.01% [1]

华统股份（002840）(002840.SZ)发布2025年8月畜禽销售情况简报，8月份，公司生猪销售数量205,081 头(其中仔猪销售0头)，环比变动4.87%，同比变动2.31%。8月份，公司生猪销售收入33,771.96万元，环 比变动0.54%，同比变动-15.01%。 ...

Core Viewpoint - Huadong Co., Ltd. (002840) reported its August sales figures for pigs and chickens, indicating a mixed performance in sales volume and revenue compared to previous periods [1] Group 1: Pig Sales - In August, the total number of pigs sold was 205,100, with no piglets sold, reflecting a month-on-month increase of 4.87% and a year-on-year increase of 2.31% [1] - The sales revenue from pigs reached 338 million yuan, showing a month-on-month increase of 0.54% but a year-on-year decrease of 15.01% [1] - The average selling price of commercial pigs was 13.59 yuan per kilogram, which represents a decline of 6.28% compared to July 2025 [1] Group 2: Chicken Sales - The total number of chickens sold in August was 815,000, which is a month-on-month decrease of 3.36% and a year-on-year decrease of 34.87% [1] - Chicken sales revenue amounted to 15 million yuan, with a month-on-month increase of 11.11% and a year-on-year change of -0.03% [1] - The year-on-year decrease in chicken sales volume is primarily attributed to a reduction in the number of chickens being marketed [1]

2025年8月份鸡销售数量81.50万只，环比变动-3.36%，同比变动-34.87%。2025年8月份鸡销售收入 1,500.10万元，环比变动11.11%，同比变动-0.03%。2025年8月份鸡销售数量同比变动主要原因为鸡出栏 量减少所致。 格隆汇9月12日丨华统股份(002840.SZ)公布，2025年8月份，公司生猪销售数量205,081头（其中仔猪销 售0头），环比变动4.87%，同比变动2.31%。2025年8月份，公司生猪销售收入33,771.96万元，环比变 动0.54%，同比变动-15.01%。2025年8月份，商品猪销售均价13.59元/公斤，比2025年7月份下降 6.28%。 ...