Core Viewpoint - The article discusses the recent trends in pig prices and natural rubber prices, highlighting the factors influencing these markets and the implications for supply and demand dynamics [3][4][5]. Group 1: Pig Prices - As of July 25, the average price of external three yuan pigs in China was 14.15 yuan/kg, reflecting a week-on-week decrease of 0.84%. The average price of 15 kg piglets was 31.89 yuan/kg, down 0.22% week-on-week [3]. - The average weight of market pigs for the week was 128.48 kg, which is a decrease of 0.35 kg week-on-week. The national frozen product inventory rate increased to 14.46%, up 0.1 percentage points [3]. - In June, the average price of market pigs fell to 14.57 yuan/kg, a decrease of 2.3% month-on-month and 20.6% year-on-year. The average price of piglets was 37.25 yuan/kg, down 4.8% month-on-month and 14.5% year-on-year [4]. Group 2: Supply and Production - The number of breeding sows as of the end of June was 40.43 million, showing a slight quarter-on-quarter and year-on-year increase of 0.1% [4]. - In Q2 2025, the total number of pigs slaughtered was 171.43 million, a year-on-year increase of 1.2% but a quarter-on-quarter decrease of 12%. Pork production reached 14.18 million tons, up 1.4% year-on-year but down 11.5% quarter-on-quarter [4]. - The average profit per pig in June dropped to near the breakeven point, with large-scale farms reporting a profit of 7 yuan per pig, down from 49 yuan in May, while smallholders faced a loss of 6 yuan per pig [4]. Group 3: Natural Rubber Prices - As of July 25, domestic natural rubber futures prices reached 15,455 yuan/ton, reflecting a week-on-week increase of 4.14%. Market sentiment remained high due to supply concerns following border conflicts between Thailand and Cambodia [5]. - The inventory of rubber in the Qingdao area was 626,900 tons, a slight decrease of 0.2 tons week-on-week, with general trade inventory at 532,800 tons and bonded zone inventory at 94,100 tons [5].

金十期货7月18日讯，随着行业预期下降，南方部分规模场有一定降重出猪动作，但受南北高温天气影 响，养殖户大猪出栏占比增量，综合支撑国内生猪出栏均重环比变化有限。据Mysteel发布的数据显 示，7月17日当周，全国外三元生猪出栏均重为123.49公斤，较上周微降0.01公斤，环比降幅0.01%，刷 新近5个月低点，依然高于去年同期，同比涨幅为0.11%。 （Mysteel） 生猪出栏均重略微下降 刷新5个月低点 ...

Group 1 - The data shows a decline in various provinces' values on July 7 compared to July 6, with notable decreases in Jiangxi (-0.41), Fujian (-0.28), and Hunan (-0.22) [2][3] - In contrast, Guangdong province experienced a slight increase of 0.09 on July 7 compared to July 6, indicating a positive trend in that region [3] - Weekly comparisons reveal that most provinces have shown a slight increase compared to the previous week, with notable increases in Anhui (0.19), Zhejiang (0.26), and Fujian (0.58) [2][3] Group 2 - The data indicates that the overall trend in the regions is mixed, with some provinces experiencing declines while others show increases, reflecting regional economic variations [2][3] - The performance of provinces such as Guangdong and Fujian suggests potential areas for investment focus, given their recent positive trends [3]

金十期货6月19日讯，受政策及南北气温不断升高影响，规模猪场降重节奏有所加快，但市场整体消化 能力有限，抑制大猪成交节奏，加之养殖户对大猪后市仍存预期，周内整体供应量有限。数据显示，6 月19日当周，全国外三元生猪出栏均重为123.78公斤，较上周下调0.18公斤，环比微降0.15%，降至3个 月低点，同比跌幅0.35%。 （Mysteel） 规模场降重节奏有所加快 生猪出栏均重降至3个月最低 ...

Group 1: Pig Prices - The average price of external three yuan pigs in China decreased to 14.02 yuan/kg, a week-on-week decline of 0.21% [3] - The average price of 15 kg piglets fell to 32.89 yuan/kg, down 4.69% week-on-week [3] - The average weight of market pigs at slaughter was 128.82 kg, a decrease of 0.35 kg week-on-week, while the national frozen meat storage rate increased to 13.89%, up 0.09 percentage points [3] Group 2: Chicken Prices - The price of white feather broiler chickens was 7.27 yuan/kg, down 0.68% week-on-week, and the price of chicks was 2.74 yuan/chick, down 3.52% week-on-week [4] - Slaughter enterprises are experiencing slow sales of frozen chicken products, leading to increased inventory and reduced slaughter rates [4] - The current season is characterized by low profits for farmers, which is suppressing chick prices [4] Group 3: Grain Prices - The average spot price of corn was 2405.69 yuan/ton, an increase of 0.75% week-on-week, while soybean meal averaged 2968 yuan/ton, up 0.94% week-on-week [5] - The average price of wheat decreased to 2430.39 yuan/ton, down 0.13% week-on-week [5] - The increase in corn prices is attributed to reduced circulation due to wheat harvesting and traders holding onto their stocks [5] Group 4: Natural Rubber Prices - The domestic natural rubber futures price rose to 13815 yuan/ton, a week-on-week increase of 0.88% [6] - Supply is tightening due to seasonal harvesting and adverse weather conditions affecting production [6] - Demand from tire manufacturers is recovering, leading to an increase in production capacity utilization [6]

Group 1 - The data shows a decrease in consumption across various provinces in China, with notable declines in Anhui, Shandong, and Zhejiang [2][3] - Jiangxi province experienced the largest drop of 0.16, while Guangdong province saw a slight increase of 0.01 [2][3] - The overall trend indicates a mixed performance across regions, with some provinces like Inner Mongolia and Liaoning showing positive changes [3] Group 2 - The report highlights that the consumption levels in several provinces have remained stable, such as in Hebei and Yunnan, which both reported no change [3] - The data reflects a week-over-week comparison, indicating fluctuations in consumption patterns across different regions [2][3] - The information is crucial for understanding regional market dynamics and potential investment opportunities in the commodity sector [4]

Group 1 - The overall performance of the agricultural sector, particularly the pig farming industry, is currently under pressure, with the average pig price showing a decline in several key provinces [1] - The average price of pork is 20.95 yuan/kg, reflecting a slight increase of 0.05% week-on-week, while the average price of piglets remains stable at 28.00 yuan/kg [1] - The self-breeding profit stands at 48.21 yuan per head, while the profit from purchasing piglets is negative at -16.06 yuan per head, indicating challenges in the market [1] Group 2 - The feed industry is expected to see a recovery in its business environment due to falling raw material prices and improving conditions in the breeding sector, with Hai Da Group positioned for potential growth [2] - The current cycle in the pig farming industry is characterized by a focus on reducing debt rather than rapidly increasing production capacity, with expectations for profitability to begin in Q2 2024 [2] - The market may be overly pessimistic regarding the impact of rising pig production capacity on profitability, potentially overlooking the positive effects of declining raw material costs and anticipated demand recovery in 2025 [2] Group 3 - The poultry industry, particularly the meat chicken sector, may experience performance improvements driven by new demand in 2025, with Saint Agriculture positioned at the bottom of its performance and valuation cycle [3] - The year 2025 is anticipated to be crucial for pet food brands, with a focus on brands that can lead market trends and show profit improvements, recommending domestic brands like Guibao Pet and Zhongchong Co. [3]

Group 1: Pig Prices - The average price of external three yuan pigs in China decreased to 14.20 yuan/kg, a week-on-week decline of 2.81% [2] - The average price of 15 kg piglets is 35.56 yuan/kg, down 1.85% week-on-week [2] - The average weight of market pigs at slaughter is 129.38 kg, showing a week-on-week decrease of 0.25%, indicating a shift towards inventory reduction [2] Group 2: Broiler Chicken Prices - The price of white feather broiler chickens fell to 7.36 yuan/kg, a week-on-week decrease of 0.54%, while chick prices remained stable at 2.85 yuan/chick [3] - Increased supply of contract chickens and inventory pressure on slaughter enterprises have weakened the willingness to purchase social chickens [3] - Caution among farmers regarding chick replenishment is noted due to the upcoming busy farming season in the north [3] Group 3: Grain Prices - The average spot price of corn rose to 2376.08 yuan/ton, a slight increase of 0.05% week-on-week, while soybean meal and wheat prices fell [4] - Soybean meal prices decreased to 3028.00 yuan/ton, down 2.82%, reaching historically low levels [4] - Concerns over the import auction of corn and the release of targeted rice have led to a volatile short-term outlook for corn prices [4] Group 4: Natural Rubber Prices - The domestic natural rubber futures price is 14730 yuan/ton, reflecting a week-on-week decline of 1.96% [5] - Supply issues due to adverse weather conditions have resulted in lower production, while demand recovery in tire manufacturing remains slow [5] - Upcoming discussions on zero tariffs for rubber imports between China and Thailand may significantly impact the import structure and market valuation [5]

Core Viewpoint - The article discusses the recent trends in agricultural product prices, particularly focusing on the decline in pig and chicken prices, the fluctuation of grain prices, and the increase in natural rubber prices, indicating a complex market environment influenced by supply and demand dynamics [2][3][4][5]. Group 1: Livestock Prices - The average price of external three yuan pigs in China decreased to 14.61 yuan/kg, a week-on-week decline of 1.42%, while the average price of 15 kg piglets fell to 36.23 yuan/kg, down 1.74% [2]. - The average weight of market pigs remained stable at 129.71 kg, with a national frozen product inventory rate of 14.01%, down 0.13 percentage points [2]. - The price of white feather broiler chickens dropped to 7.40 yuan/kg, a decrease of 0.67%, and chick prices fell to 2.85 yuan/bird, down 2.06% [3]. Group 2: Grain Prices - As of May 16, the average price of corn was 2374.90 yuan/ton, up 0.48%, while wheat prices increased to 2468.89 yuan/ton, a rise of 0.33%. Conversely, soybean meal prices decreased to 3115.71 yuan/ton, down 5.93% [4]. - The increase in corn prices is attributed to high demand in North China and adjustments by enterprises based on market conditions, while soybean meal prices are affected by ample supply from South America and rising inventories [4]. Group 3: Natural Rubber Prices - The domestic natural rubber futures price reached 15025 yuan/ton, reflecting a week-on-week increase of 2.18% [5]. - The demand for natural rubber is supported by the U.S. tariff exemption period for Southeast Asia, leading to increased orders from overseas tire manufacturers [5].

Summary of Key Points Core Viewpoint - The data presents a snapshot of various provinces in China, showing the changes in certain metrics from May 6 to May 7, as well as week-over-week comparisons, indicating regional variations in performance. Group 1: Regional Performance - Anhui Province reported a value of 15.23, unchanged from the previous day but down by 0.10 from the previous week [2] - Shandong Province saw a slight increase to 15.15, up by 0.01 from the previous day and down by 0.03 from the previous week [2] - Zhejiang Province increased to 15.44, up by 0.07 from the previous day and 0.06 from the previous week [2] - Jiangxi Province reported a value of 14.88, up by 0.01 from the previous day and up by 0.12 from the previous week [2] - Fujian Province decreased to 15.19, down by 0.02 from the previous day but up by 0.09 from the previous week [2] - Henan Province increased to 15.04, up by 0.06 from the previous day and 0.06 from the previous week [2] Group 2: Variations Across Regions - Hebei Province reported a value of 15.03, up by 0.02 from the previous day but down by 0.13 from the previous week [3] - Inner Mongolia saw an increase to 14.70, up by 0.06 from the previous day and 0.05 from the previous week [3] - Guangdong Province decreased to 15.69, down by 0.04 from the previous day and down by 0.16 from the previous week [3] - Sichuan Province remained stable at 14.65, unchanged from the previous day and up by 0.05 from the previous week [3] - Yunnan Province reported a stable value of 14.70, unchanged from the previous day and up by 0.10 from the previous week [3]