农产品日报 | 2025-06-26 二育滚动入场，猪价偏强震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约14000元/吨，较前交易日变动+60.00元/吨，幅度+0.43%。现货方面，河南地区 外三元生猪价格14.74元/公斤，较前交易日变动+0.04元/公斤，现货基差 LH09+740，较前交易日变动-20；江苏地 区外三元生猪价格 15.01元/公斤，较前交易日变动+0.06元/公斤，现货基差LH09+1010，较前交易日变动+0；四川 地区外三元生猪价格13.67元/公斤，较前交易日变动-0.08元/公斤，现货基差LH09-330，较前交易日变动-140。 据农业农村部监测，6月25日"农产品批发价格200指数"为112.57，比昨天下降0.15个点，"菜篮子"产品批发价格指 数为112.57，比昨天下降0.17个点。全国农产品批发市场猪肉平均价格为20.22元/公斤，比昨天下降0.3%；牛肉63.58 元/公斤，比昨天下降0.2%；羊肉59.67元/公斤，与昨天持平；鸡蛋7.29元/公斤，比昨天下降0.5%；白条鸡16.99元/ 公斤，比昨天下降1.0%。 市场分析 综合来 ...

金十图示：2025年06月26日（周四）富时中国A50指数成分股午盘收盘行情一览：成分股走势分化，保险、证券行业全线下跌 富时中国A50指数连续 保险 中国太保 队 中国人保 中国平安 ■ 3984.58亿市值 3628.79亿市值 10483.63亿市值 5.25亿成交额 18.20亿成交额 4.46亿成交额 37.72 57.57 9.01 -0.32(-0.84%) -0.31(-0.54%) -0.12(-1.31%) 酸酒行业 XD贵州茅 山西汾酒 五粮液 17878.33亿市值 2183.49亿市值 4663.36亿市值 10.48亿成交额 29.47亿成交额 6.01亿成交额 1423.21 178.98 120.14 +14.95(+1.06%) -0.04(-0.03%) +0.18(+0.10%) 半导体 北方华创 寒武纪-U 海光信息 HYGON 2352.21亿市值 2597.33亿市值 3337.98亿市值 41.30亿成交额 32.58亿成交额 8.57亿成交额 143.61 440.06 622.18 -1.52(-0.34%) +11.07(+1.81%) +5.62(+4.0 ...

提升品质 造就"中国名猪" 为保障陆川猪肉产品稳定性，提升市场认可度，近年来，玉林市、县两级市场监管部门联合有关部门， 深入陆川猪养殖农户及养殖企业调研，收集相关资料并论证行业标准指标，综合考虑陆川县地方风土人 情、资源禀赋，持续挖掘各类特色农业资源发展空间，编制《陆川猪行业标准》《陆川猪养殖地方标准 （试行）》《"陆川猪"地理标志证明商标使用管理规则》等。2022年，陆川猪被农业农村部列入全国农 业品牌精品培育计划，是被列入的全国三大名猪之一。 为充分发挥陆川猪的品种优势，陆川县采取"公司﹢科研机构﹢农户"合作模式，邀请专家团队为养殖户 提供技术培训，推广科学化养殖方式。目前，该县养殖场（户）总量达到8464家，其中规模化养殖场 249家，陆川猪产业已成为当地畜牧业经济的支柱产业。 提升品牌 猪肉香飘世界 "我们高度重视陆川猪产业发展，不断深挖陆川猪品牌价值，持续推动陆川猪走出陆川，走向世界。"据 陆川县市场监管局相关负责人介绍，2023年6月，"在陆川猪（纯中文）"地理标志证明商标与"陆川猪 （图文组合）"地理标志证明商标成功注册后，该局于2024年10月成立陆川猪产业园商标品牌指导站， 持续推动陆川猪从 ...

Core Viewpoint - The article highlights the cultural richness and historical significance of Chayouqi, Inner Mongolia, emphasizing the efforts in preserving and innovating local culture, particularly red culture and poetry, to enhance community spirit and tourism development [1][3][4]. Group 1: Cultural Heritage and Red Culture - Chayouqi is recognized as an important birthplace of northern frontier culture, with a deep historical and cultural background that showcases unique humanistic charm and vitality [1]. - The region has a significant red revolutionary history, with notable figures like Ji Songling contributing to the anti-Japanese efforts during the war, embodying the patriotic spirit of the local people [1][3]. - Recent initiatives focus on protecting and transmitting red culture through the collection and compilation of revolutionary historical materials, enriching the cultural narrative of the area [3][4]. Group 2: Cultural Innovation and Community Engagement - Since the 18th National Congress, there has been a strong emphasis on cultural development, leading to the establishment of a poetry association in 2016, which has engaged over 40 poetry enthusiasts in community activities [4][6]. - The construction of a 100-meter poetry culture wall in Nancun village aims to expand the influence of poetry culture, integrating various art forms and enhancing local cultural tourism [6]. Group 3: Integration of Culture and Tourism - The Inner Mongolia Jingxi Agricultural Technology Development Company is developing a cultural tourism landmark that combines agriculture, tourism, and entertainment, showcasing the region's cultural heritage [8]. - The Jingxi Bull Village is set to launch a summer carnival project in 2024, blending traditional Mongolian festivities with modern urban cultural elements, attracting a diverse audience [8][9]. - The region aims to deepen the integration of culture and tourism, continuously innovating cultural development models to draw more visitors and showcase the unique charm of Chayouqi [9].

Group 1 - The Cathay CSI 500 ETF (561350) experienced a daily rebound of 1.1% [1] - The CSI 500 Index, which includes major companies like Tencent and Alibaba, reflects a diverse industry distribution covering consumer discretionary, industrials, and communication services [1] - The CSI A500 Index-related ETFs showed high trading activity, with multiple products exceeding 1 billion yuan in daily trading volume, indicating strong market interest [1] Group 2 - Guosen Securities reported that the CSI 500 Index fell by 1.75% over the past week, with a significant PE contraction of 1.35x [2] - The current PE, PB, and PS percentiles for the CSI 500 are between 60% and 95%, while the PCF is in the 80% to 90% range, suggesting attractive long-term valuation compared to the broader market [2] - The consumer staples sector, particularly food and beverage, shows significant valuation recovery potential, with 3-year and 5-year average valuation percentiles at 7.47%/4.49% and 14.08%/10.38% respectively [2]

2025/6/25 1 4 • 农业投资建议关注以下几条主线：1.追寻涨价品种驱动板块盈利好转，例如肉牛、原粮等产品价格的上涨；2. 政策供给端改革驱动养殖板块周期进程加速，以及产能平稳后行业平均利润的提升；3.养殖后周期需求：下 游养殖端绝对存量的好转驱动销量回升。4.外部环境扰动下的避险需求。 • 牧业：肉牛价格拐点向上，奶牛周期底部企稳。2023年中肉牛养殖开始陷入亏损阶段，行业整体去化幅度预 计超过10%，行业产能的去化逐步传导至终端供给，春节后肉牛犊牛与母牛价格已经开始上涨，看好肉牛大周 期。奶价自2021年中开始见顶回落，行业自2024年开始去产能，长期亏损下2025H2产能去化有望加速，在产 能持续下降的背景下预计2026年奶价开始上行。 • 生猪养殖：重视供给侧政策，布局优质龙头企业。2025年生猪养殖行业处于下行微利阶段且供给前低后高， 预计下半年行业有望出现亏损去产能，而供给侧改革驱动行业主动去产能，中期看行业产能有望维持在较低 位置从而提升龙头企业中枢盈利水平。 • 肉禽养殖：供给存在阶段扰动，静待需求好转。黄羽鸡：年初以来黄鸡价格表现疲软，目前整体产能处于低 位且需求端出现筑底回升，随 ...

农产品日报 | 2025-06-25 供需博弈，猪价维持震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约13940元/吨，较前交易日变动-40.00元/吨，幅度-0.29%。现货方面，河南地区 外三元生猪价格14.70元/公斤，较前交易日变动-0.02元/公斤，现货基差 LH09+760，较前交易日变动+20；江苏地 区外三元生猪价格 14.95元/公斤，较前交易日变动+0.13元/公斤，现货基差LH09+1010，较前交易日变动+170；四 川地区外三元生猪价格13.75元/公斤，较前交易日变动+0.00元/公斤，现货基差LH09-190，较前交易日变动+40。 据农业农村部监测， 据农业农村部监测，6月24日"农产品批发价格200指数"为112.72，比昨天上升0.12个点，"菜 篮子"产品批发价格指数为112.74，比昨天上升0.14个点。全国农产品批发市场猪肉平均价格为20.29元/公斤，比昨 天上升1.0%；牛肉63.72元/公斤，比昨天下降0.5%；羊肉59.69元/公斤，比昨天上升0.2%；鸡蛋7.33元/公斤，比昨 天下降0.1%；白条鸡17.16元/公斤，比昨天上升1 ...

Summary of Financing Balances by Industry Core Insights - As of June 24, the total market financing balance reached 1,810.30 billion yuan, reflecting an increase of 5.13 billion yuan from the previous trading day, with 20 out of 31 industries showing an increase in financing balance [1][2] Industry Financing Increases - The power equipment industry saw the largest increase in financing balance, rising by 1.31 billion yuan to a total of 129.50 billion yuan, marking a 1.03% increase [1] - Other notable increases were observed in the electronics industry (1.15 billion yuan increase), computer industry (668 million yuan increase), and pharmaceutical and biological industry (664 million yuan increase) [1] Industry Financing Decreases - 11 industries experienced a decrease in financing balance, with the communication industry facing the largest drop of 4.27 billion yuan, bringing its total to 60.00 billion yuan, a decrease of 0.71% [1][2] - Other industries with significant decreases included national defense and military industry (1.95 billion yuan decrease) and construction decoration industry (1.87 billion yuan decrease) [2] Summary of Financing Balances by Industry | Industry | Latest Financing Balance (billion yuan) | Change from Previous Day (billion yuan) | Percentage Change (%) | |-------------------|-----------------------------------------|------------------------------------------|-----------------------| | Power Equipment | 1295.03 | 13.17 | 1.03 | | Electronics | 2081.19 | 11.53 | 0.56 | | Computer | 1364.58 | 6.68 | 0.49 | | Pharmaceutical | 1315.83 | 6.64 | 0.51 | | Mechanical Equipment | 939.85 | 5.78 | 0.62 | | Media | 411.07 | 3.97 | 0.98 | | Automotive | 944.02 | 3.52 | 0.37 | | Non-ferrous Metals | 770.20 | 3.43 | 0.45 | | Agriculture | 250.27 | 1.56 | 0.63 | | Light Industry | 127.62 | 0.68 | 0.53 | | Retail | 212.65 | 0.65 | 0.31 | | Construction Materials | 116.04 | 0.34 | 0.30 | | Environmental | 148.15 | 0.33 | 0.22 | | Basic Chemicals | 782.64 | 0.24 | 0.03 | | Beauty Care | 59.28 | 0.23 | 0.39 | | Coal | 154.34 | 0.23 | 0.15 | | Public Utilities | 421.94 | 0.23 | 0.05 | | Comprehensive | 32.43 | 0.06 | 0.19 | | Non-bank Financial | 1501.68 | 0.06 | 0.00 | | Steel | 144.41 | 0.04 | 0.03 | | Social Services | 96.00 | -0.07 | -0.07 | | Real Estate | 300.05 | -0.07 | -0.02 | | Transportation | 340.92 | -0.14 | -0.04 | | Textile and Apparel | 67.20 | -0.46 | -0.69 | | Banking | 532.07 | -0.75 | -0.14 | | Home Appliances | 259.87 | -0.78 | -0.30 | | Oil and Petrochemicals | 257.65 | -1.20 | -0.46 | | Food and Beverage | 520.28 | -1.70 | -0.32 | | Construction Decoration | 318.04 | -1.87 | -0.59 | | National Defense | 636.01 | -1.95 | -0.30 | | Communication | 600.02 | -4.27 | -0.71 | [1][2]

Group 1 - The core viewpoint of the articles highlights the importance of bond financing for technology innovation companies in Henan Province, aiming to enhance their funding channels and accelerate technological advancements [1][2] - The training session organized by the Henan Securities Regulatory Bureau and the Henan Listed Companies Association focused on the advantages and policies related to technology innovation bonds, providing insights into the bond market's role in supporting listed companies [1] - The issuance of the first technology innovation renewable corporate bond by Shennong Co., with a coupon rate of 2.59% and a subscription multiple of 3.69, demonstrates the growing interest and confidence in utilizing bond financing for innovation [2] Group 2 - Henan Province has cultivated a number of specialized and innovative enterprises that are crucial for the industrial transformation and upgrading of the region, although some still face challenges related to long financing cycles and high capital demands [2] - The technology innovation corporate bonds are seen as a vital tool for directing funds towards early-stage, small, long-term, and hard technology investments, injecting more vitality into the production capacity of Henan's listed companies [2] - The Henan Securities Regulatory Bureau plans to continue optimizing the regulatory environment and policy support to foster a healthy development ecosystem for corporate bond financing, thereby contributing to high-quality economic growth in the province [2]

期货日报网讯（记者 姚宜兵）2025年6月19日，海南证监局、海南省委金融办和海南省气象局联合指 导，大连商品交易所、郑州商品交易所主办，金元期货股份有限公司、中国上市公司协会、海南上市公 司协会、海南基金业协会支持，海南证券期货业协会承办的"期货赋能海南自贸港企业发展，助力实体 经济高质量前行" 会议在海口成功举办，本次会议汇集嘉宾及客户近三百人，共商期货市场服务自贸港 建设的创新路径。 政企联动，强化期货市场功能定位 会议聚焦海南自贸港封关运作背景下的产业机遇与挑战，海南证监局副局长董茹意指出，截至目前，国 内上市期货及期权品种达 146 个，覆盖农产品、能源、金融等领域，2024 年海南辖区期货公司客户数 同比增长 30%，成交额增长超 200%，期货市场在服务天然橡胶、原油等产业中成效显著。海南省气象 局副局长蔡亲波强调，海南已建成陆海空综合气象观测体系，需推动金融与气象数据融合，如大商所与 中央气象台联合发布的温度指数已应用于农业、能源等领域，为台风、高温等气象风险提供对冲工具。 交易所政策助力产业发展，创新服务自贸港特色产业 大连商品交易所相关负责人表示，大商所构建了22个期货品种+17个期权的产 ...