（文章来源：每日经济新闻） 每经AI快讯，益生股份（002458.SZ）2月27日在投资者互动平台表示，2025年公司引进祖代白羽肉种鸡 26.6万套，引种量同比增加，祖代种鸡存栏量充足，预计2026年公司父母代鸡苗的供应量较2025年增 加。后续公司将持续关注国外引种情况。 ...

农产品日报 | 2026-02-27 主体意愿回升，区域价差收窄 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2605合约11395元/吨，较前交易日变动-70.00元/吨，幅度-0.61%。现货方面，河南地区 外三元生猪价格11.10元/公斤，较前交易日变动+0.10元/公斤，现货基差 LH05-295，较前交易日变动+170；江苏地 区外三元生猪价格 11.21元/公斤，较前交易日变动+0.13元/公斤，现货基差LH05-185，较前交易日变动+200；四川 地区外三元生猪价格10.81元/公斤，较前交易日变动-0.10元/公斤，现货基差LH05-585，较前交易日变动-30。 据农业农村部监测，2月26日"农产品批发价格200指数"为127.07，比昨天下降0.70个点，"菜篮子"产品批发价格指 数为129.50，比昨天下降0.82个点。全国农产品批发市场猪肉平均价格为17.93元/公斤，比昨天下降0.5%；牛肉66.43 元/公斤，比昨天下降0.3%；羊肉65.36元/公斤，比昨天下降0.9%；鸡蛋7.75元/公斤，比昨天下降0.4%；白条鸡17.34 元/公斤，比昨天下降0.7%。 市场分 ...

随着产业链深度整合、规模化牧场及奶牛单产水平均持续提升，上游产能波动放缓，奶价周期拉长。本 轮周期从2021年9月至今奶价已下行4年，累计下跌31%。供给端看，2025年9月我国奶牛存栏量相比1月 下降3.2%，牛奶产量随之增速回落，展望未来，随着饲料成本压力加大、奶价持续低位运行，牧场亏 损不断加深，存栏去化有望进一步深化，原奶产量随之实现下降。进口方面，国内大包粉仍有价格优 势，2026年进口量预计不会有显著增加。需求端看，乳制品产量已呈现边际改善，行业深加工产能即将 释放，出口大包粉及活牛的探索已逐渐落地，有望促进供需缺口进一步收窄。该行预计2026年奶价有望 实现企稳回升，届时上游牧场公司将直接受益。 全产业链龙头优势显著，肉奶价格共振有望贡献可观业绩弹性 开源证券发布研报称，首次覆盖，给予优然牧业(09858)"增持"评级。优然牧业是国内牧场龙头，规模 优势显著，公司在周期底部经营韧性十足，收入稳步增长，2025H1现金EBITDA仍保持增长。公司扩产 完成后进入稳健发展期，后续或将受益于原奶及肉牛价格同步上涨，有望充分释放业绩弹性。该行预计 公司2025-2027年归母净利-0.88、13.67、 ...

智通财经APP获悉，开源证券发布研报称，首次覆盖，给予优然牧业(09858)"增持"评级。优然牧业是国 内牧场龙头，规模优势显著，公司在周期底部经营韧性十足，收入稳步增长，2025H1现金EBITDA仍保 持增长。公司扩产完成后进入稳健发展期，后续或将受益于原奶及肉牛价格同步上涨，有望充分释放业 绩弹性。该行预计公司2025-2027年归母净利-0.88、13.67、27.68亿元，EPS分别为-0.02、0.33、0.66 元，当前股价对应2026-2027年PE为13.1、6.5倍。 开源证券主要观点如下： 公司业绩弹性主要来自于原奶价格和肉牛价格的上涨，假设其他因素不变，经测算中性假设若行业奶价 上涨3.5%，公司毛利润实现增量4.6亿元，同时成母牛估值有望提升;若肉牛价格上涨10%，淘牛亏损将 收窄1.1亿元。 随着产业链深度整合、规模化牧场及奶牛单产水平均持续提升，上游产能波动放缓，奶价周期拉长。本 轮周期从2021年9月至今奶价已下行4年，累计下跌31%。供给端看，2025年9月我国奶牛存栏量相比1月 下降3.2%，牛奶产量随之增速回落，展望未来，随着饲料成本压力加大、奶价持续低位运行，牧场亏 损 ...

申万期货品种策略日报-生猪（LH） | | | | | daihx@sywgqh.com.cn | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 生猪（LH） | | | | | | 1月 | 3月 | 5月 | 7月 | 9月 | 11月 | | | 前日收盘价 | 13390 | 10120 | 11395 | 12360 | 13330 | 13280 | | | 前2日收盘价 | 13340 | 10395 | 11465 | 12345 | 13310 | 13265 | | 期 | 涨跌 | 50 | -275 | -70 | 15 | 20 | 15 | | 货 | 涨跌幅 | 0.37% | -2.65% | -0.61% | 0.12% | 0.15% | 0.11% | | 市 | 成交量 | 1171 | 15271 | 54028 | 9060 | 6867 | 1941 | | 场 | 持仓量 | 4210 | 16629 | 154348 | 53361 | 43162 | 26056 | | ...

Industry Investment Rating - No information provided Core View - The futures market is trading inventory accumulation in advance, but it is difficult to reduce inventory during the off - season [1] Summary of Related Catalogs Fundamental Tracking - **Prices**: Henan spot price is 11,030 yuan/ton with a year - on - year increase of 100 yuan/ton; Sichuan spot price is 10,800 yuan/ton with a year - on - year decrease of 100 yuan/ton; Guangdong spot price is 11,360 yuan/ton with a year - on - year increase of 50 yuan/ton. For futures, the price of live hog 2603 is 10,120 yuan/ton with a year - on - year decrease of 275 yuan/ton, live hog 2605 is 11,395 yuan/ton with a year - on - year decrease of 70 yuan/ton, and live hog 2607 is 12,360 yuan/ton with a year - on - year increase of 15 yuan/ton [1] - **Trading Volume and Open Interest**: For live hog 2603, the trading volume is 15,271 lots, an increase of 299 lots from the previous day, and the open interest is 16,629 lots, a decrease of 8,167 lots from the previous day. For live hog 2605, the trading volume is 54,028 lots, a decrease of 38,690 lots from the previous day, and the open interest is 154,348 lots, a decrease of 119 lots from the previous day. For live hog 2607, the trading volume is 9,060 lots, a decrease of 6,783 lots from the previous day, and the open interest is 53,361 lots, an increase of 553 lots from the previous day [1] - **Spreads**: The basis of live hog 2603 is 910 yuan/ton with a year - on - year increase of 375 yuan/ton; the basis of live hog 2605 is - 365 yuan/ton with a year - on - year increase of 170 yuan/ton; the basis of live hog 2607 is - 1330 yuan/ton with a year - on - year increase of 85 yuan/ton. The spread between live hog 2603 and 2605 is - 1275 yuan/ton with a year - on - year decrease of 205 yuan/ton, and the spread between live hog 2605 and 2607 is - 965 yuan/ton with a year - on - year decrease of 85 yuan/ton [1] Market Information - Guangxi Yangxiang registered 100 lots of warehouse receipts for the March contract; Dekang registered 525 lots; Fuyuan registered 22 lots; Muyuan registered 80 lots; COFCO registered 300 lots; Tangrenshen registered 10 lots; Yuexiu registered 99 lots; Tiannong registered 20 lots [2] Trend Intensity - The trend intensity is - 2, indicating the most bearish view, with the value ranging from - 2 to 2 [3]

Core Insights - The electricity consumption in Guangzhou during the Spring Festival period shows a robust economic growth, with a year-on-year increase of 4.64% across all sectors [1] Group 1: Electricity Consumption by Sector - The primary industry experienced a significant electricity consumption increase of 11.62% [1] - The tertiary industry saw an 8.14% growth in electricity usage, accounting for over 50% of total electricity consumption, making it a key driver of growth [1] - The secondary industry reported an 8.54% increase in electricity consumption, indicating stable operations in key industrial parks and enterprises [1] Group 2: Impact of Cultural and Tourism Activities - Over 2,000 cultural and tourism events during the Spring Festival boosted foot traffic in popular commercial areas such as Beijing Road and Tianhe Road [1] - The demand for electricity in consumption scenarios significantly increased due to the popularity of tourist attractions like Chimelong Safari Park and Nansha Tianhou Palace [1] Group 3: Agricultural Sector Insights - The electricity consumption in the agricultural sector, particularly in animal husbandry, showed notable growth, supporting essential agricultural activities such as irrigation [1] - This increase in electricity supply is crucial for the preparation of spring farming, reflecting the acceleration of agricultural modernization [1]

（来源：内蒙古日报） 转自：内蒙古日报 □本报记者 蔡冬梅 通讯员 刘婧涵 寒冬时节，走进包头市昆都仑区卜尔汉图镇养殖农民专业合作社，只见一栋栋现代化的"羊楼房"整齐排 列，标准化的养殖设施一应俱全。"这是咱卜尔汉图种羊培育的第三代，每只比普通羊能多卖300 元！"合作社理事长訾照森蹲在温暖的羊床边，轻轻托起一只刚出生不久的羔羊，脸上写满了欣慰。如 今，他已是带动周边200余户家庭共同致富的带头人，而几年前，他还只是个单打独斗的养殖户。 时间回溯到2019年，卜尔汉图嘎查的传统养殖业正面临瓶颈：规模小、分布散、实力弱。"规模上不 去，风险扛不住，价钱也说不上话。"当时的困境，嘎查党支部书记格日力记忆犹新。为了破局，他带 着党员们一边钻研政策，一边学习外地先进经验，逐渐找准了方向：必须成立合作社，把村民组织起 来，走标准化、规模化养殖的新路。 然而，想法虽好，推行起来却不易。村民心里揣着疑虑："合起来真能挣钱？""还是自己干更稳当 吧？"那段时间，党员干部们挨家挨户走访，掰着手指头一遍遍给乡亲们算实账：集中养殖能降低饲料 成本、优化品种品质、共同开拓市场，抗风险能力更强……就这样，心结被一点点解开，大伙儿渐渐有 ...

Group 1 - The company New Hope Liuhe Co., Ltd. plans to issue A-shares to specific investors, raising up to 333.8 million yuan for biosecurity and digital upgrades in pig farming and to repay bank debts [2][3][5] - The issuance has been approved by the Shenzhen Stock Exchange and is pending registration with the China Securities Regulatory Commission [4][5] - The company anticipates a net loss of 1.5 to 1.8 billion yuan for the fiscal year 2025, primarily due to declining pig prices and the disposal of inefficient assets [1] Group 2 - On February 26, 2026, the company's stock closed at 8.63 yuan, down 0.35%, with a turnover rate of 0.44% and a trading volume of 199,100 shares, amounting to a transaction value of 172 million yuan [1] - On the same day, there was a net outflow of 22.19 million yuan from institutional investors, while retail investors showed a net inflow of 13.74 million yuan [1][5]

近日，一篇名为《一位牧原离职员工家属的自述》的文章引起网友关注。 作者称，丈夫原在牧原从事养猪工作，20个月挣了16万元，可因长期封闭管理、很少能回家。她忍不住感 慨："想结婚来牧原，想离婚来牧原"。 文章火了之后，有网友调侃："看了你的文章才知道牧原。"作者笑称："董事长该给我打广告费。"没想到，牧 原董事长秦英林真的现身评论区留言："广告费1000元，再加1000元安抚金。" 网友在评论区建议这笔奖励需要安排人对接落实时，博主回复网友"钱已经给我了"。 牧原董事长秦英林还回应：家属的发声反映了管理问题，也催促了公司改进——生物安全管理已升级，场区探 亲正式开放，员工每周可错峰出场，家属只要洗澡消毒就能进来团圆。 来源：大象新闻、茉茉的生活日记本、网友评论 ...