Core Insights - The report by Zhiyan Consulting provides a comprehensive assessment of the Chinese lamb industry from 2026 to 2032, highlighting market trends and development opportunities [1] Import Data Summary - In September 2025, China's lamb imports amounted to 17,400 tons, representing a year-on-year decrease of 18.1% [1] - The import value for the same period was $7.1 million, showing a year-on-year increase of 9.1% [1] Company Profile - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research and providing a range of services including feasibility studies and customized consulting [1] - The company emphasizes its commitment to delivering high-quality services and market insights to empower investment decisions [1]

2025 年 11 月 05 日 生猪：矛盾开始释放，大反套思路 请务必阅读正文之后的免责条款部分 1 | 周小球 | | 投资咨询从业资格号：Z0001891 | | zhouxiaoqiu@gtht.com | | --- | --- | --- | --- | --- | | 吴昊 | | 投资咨询从业资格号：Z0018592 | | wuhao8@gtht.com | | 【基本面跟踪】 | | | | | | 生猪基本面数据 | | | | | | 价 格 | | 单 位 | 价 格 | 比 同 | | | 河南现货 | 元/吨 | 11980 | -250 | | | 四川现货 | 元/吨 | 11650 | -350 | | | 广东现货 | 元/吨 | 12760 | -300 | | | | 单 位 | 价 格 | 同 比 | 资料来源：国泰君安期货 【市场信息】 1、越秀及扬翔新增交割库。 2、饲料工业协会 9 月全国饲料产量 3036 万吨，环比增长 3.4%，同比增长 5%。 【趋势强度】 趋势强度：-2 注：趋势强度取值范围为【-2,2】区间整数。强弱程度分类如下：弱、偏弱、中性、偏 ...

（文章来源：证券日报） 证券日报网讯 11月4日晚间，神农集团发布公告称，调整前回购价格上限不超过42.55元/股（含），调 整后回购价格上限不超过42.16元/股（含）。回购价格调整起始日：2025年11月6日。 ...

（文章来源：证券日报） 证券日报网讯西部牧业11月4日在互动平台回答投资者提问时表示，截至10月31日公司股东总数为2.27 万户。 ...

Core Viewpoint - The company is progressing with its breeding introduction work in the Brittany region of France as planned [1] Group 1 - The company has initiated breeding introduction in the Finistère department of Brittany, France [1] - The breeding introduction work is being carried out in an orderly manner according to the company's schedule [1]

农产品日报 | 2025-11-04 消费支撑不足，猪价偏弱震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2601合约11735元/吨，较前交易日变动-80.00元/吨，幅度-0.68%。现货方面，河南地区 外三元生猪价格12.21元/公斤，较前交易日变动-0.32元/公斤，现货基差 LH01+475，较前交易日变动-260；江苏地 区外三元生猪价格 12.49元/公斤，较前交易日变动-0.14元/公斤，现货基差LH01+755，较前交易日变动-190；四川 地区外三元生猪价格11.84元/公斤，较前交易日变动-0.16元/公斤，现货基差LH01+105，较前交易日变动-280。 据农业农村部监测，11月3日"农产品批发价格200指数"为125.09，比上周五上升0.07个点，"菜篮子"产品批发价格 指数为127.11，比上周五上升0.08个点。全国农产品批发市场猪肉平均价格为17.98元/公斤，比上周五上升1.0%； 牛肉66.30元/公斤，比上周五上升0.1%；羊肉63.27元/公斤，比上周五上升0.7%；鸡蛋7.29元/公斤，比上周五下降 1.0%；白条鸡17.61元/公斤，比上周五上升0 ...

据国家统计局对全国流通领域9大类50种重要生产资料市场价格的监测显示，2025年10月下旬与10月中旬相比，26种产品价格上涨，22种下降，2种持平。其 中，生猪（外三元）价格环比大幅上涨10.1%，报12.0元/千克。 华福证券在研究报告中分析称，短期猪价上涨主要由季节性消费回暖与二次育肥情绪升温共同驱动。 展望后期猪价走势，恒力期货在研报中指出，中期看，在绝对偏高的供应压力水平下，猪价或仍易跌难涨。短期生猪价格受多方因素影响出现可能出现反 复。长期来看，随着产能优化的进程逐步推进，市场供需关系逐步改善，远月合约因市场存在政策推动去产能的预期而相对受支撑。 华联期货也认为，当前生猪产能依旧过剩，下游需求端疲软，二育短期的入场行为对猪价仅能起到"缓冲作用"，无法扭转全国生猪市场供增需弱的格局，养 殖端整体进入全面亏损状态，市场情绪偏弱，短期生猪现货行情或延续弱势震荡。 中期来看，华联期货在研报中指出，年底天气转冷后，终端对大体重猪的需求会有所增加，同时，南方地区腌腊、灌肠等传统消费需求逐步启动，或对行情 形成阶段性提振。但近年来传统意义上的生猪消费旺季均未能兑现，今年旺季不旺或已成为行业共识，大概率仍将维持供 ...

为培树"鲁畜优品"区域公用品牌，搭建产销一体化平台，集中展现全省各市优质畜产品魅力，近 日，山东省畜牧兽医局组织绘制了山东省优质畜产品地图，遴选收录优质畜产品企业255家，覆盖全省 16市，产品涵盖肉、蛋、奶、蜜4个大类，种类齐全、品质优良。 地图共分两个层级，其中市级为一级单位，县区为二级单位，消费者可通过点击链接 （https：//xczx.dzwww.com/xdcm/xwsdyzccp/）进入地图主页，浏览全省优质畜产品分布情况，点击相 应的市、县区名称依次进入一级、二级菜单，左右滑动即可看到每个企业产品图片，详细了解产品信 息，可实现一键拨打，与企业商家快速联系，线上购买，以更加灵活的方式满足人民群众多元化的健康 消费需求。（记者 毛鑫鑫） ...

Core Insights - The report highlights that 44 brokerage firms have invested in 351 stocks, with a total holding value exceeding 66 billion yuan as of the end of Q3 [2][3] - High-end manufacturing and technology sectors are identified as popular investment directions for brokerages, reflecting a shift towards structural opportunities in the equity market [2][3] Brokerage Holdings Overview - The top 10 stocks held by brokerages by market value include Muyuan Foods, Guangqi Technology, and Cangge Mining, with holdings exceeding 1 billion yuan for several stocks [3][4] - The distribution of holdings indicates a strong focus on sectors such as machinery, pharmaceuticals, electronics, and basic chemicals, with the highest number of stocks in machinery equipment (35 stocks) and pharmaceuticals (28 stocks) [3][4] Trading Activity - Brokerages have entered 186 new stocks, with notable new positions including Postal Savings Bank and China Foreign Transport, each exceeding 30 million shares [4] - A total of 69 stocks saw increased holdings, particularly in the basic chemicals and transportation sectors, while 61 stocks were reduced, indicating a selective approach to portfolio management [5][4] Self-Operated Business Performance - Self-operated business remains the largest revenue contributor for brokerages, with a reported income of 186.857 billion yuan in the first three quarters, marking a 43.83% year-on-year increase [6][7] - Major brokerages like CITIC Securities and Guotai Junan reported significant growth in self-operated income, driven by a recovering equity market and strategic asset allocation [6][7] Market Trends and Analysis - Analysts note that the active trading environment and increased margin financing have positively impacted brokerage performance, with a significant rise in average daily trading volume [7] - The shift towards equity assets and the reduction in bond investments reflect a broader trend of rebalancing within the brokerage sector [7]

Group 1 - The core point of the news is that Muyuan Foods conducted a block trade on November 3, with a transaction volume of 39,500 shares and a transaction amount of 2.022 million yuan, at a price of 51.19 yuan per share [2][3] - The buyer of the block trade was CITIC Securities Co., Ltd. Shanghai Branch, while the seller was CITIC Securities South China Co., Ltd. Foshan Branch [2] - In the last three months, Muyuan Foods has had a total of four block trades, with a cumulative transaction amount of 158 million yuan [2] Group 2 - The closing price of Muyuan Foods on the day of the block trade was 51.19 yuan, reflecting an increase of 1.77%, with a daily turnover rate of 1.30% and a total transaction amount of 2.527 billion yuan [2] - The net inflow of main funds for the day was 95.1265 million yuan, and the stock has increased by 1.87% over the past five days, with a total net inflow of 97.4231 million yuan [2] - The latest margin financing balance for Muyuan Foods is 4.893 billion yuan, which has increased by 9.8066 million yuan over the past five days, representing a growth rate of 0.20% [3]