| | | | | daihx@sywgqh.com.cn | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 生猪（LH） | | | | | | 1月 | 3月 | 5月 | 7月 | 9月 | 11月 | | | 前日收盘价 | 13380 | 10100 | 11220 | 12350 | 13300 | 13255 | | | 前2日收盘价 | 13505 | 10630 | 11485 | 12510 | 13495 | 13465 | | 期 货 | 涨跌 涨跌幅 | -125 -0.93% | -530 -4.99% | -265 -2.31% | -160 -1.28% | -195 -1.44% | -210 -1.56% | | 市 | 成交量 | 1364 | 607 | 97976 | 15819 | 14589 | 5911 | | 场 | 持仓量 | 5248 | 257 | 165149 | 54556 | 46630 | 28685 | | | 持仓量增减 | 68 | -556 | 98 ...

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 | | ...

申银万国期货研究所 戴鸿绪 （从业编号F03153282 交易咨询号Z0023729） 免 责 声 明 本公司具有中国证监会核准的期货交易咨询业务资格 （核准文号 证监许可[2011]1284号） 研究局限性和风险提示 报告中依据和结论存在范围局限性，对未来预测存在不及预期，以及宏观环境和产业链影响因素存在不确定性变化等风险。 分析师声明 作者具有期货交易咨询执业资格，保证报告所采用的数据均来自合规渠道，分析逻辑基于作者的职业理解，本报告清晰准确地 反映了作者的研究观点，力求独立、客观和公正，结论不受任何第三方的授意或影响，作者及利益相关方不曾因也将不会因本 报告中的具体推荐意见或观点而直接或间接获取任何形式的不当利益。 免责声明 本报告的信息均来源于第三方信息提供商或其他已公开信息，本公司对这些信息的准确性、完整性、时效性或可靠性不作任何 保证，也不保证所包含的信息和建议不会发生任何变更。市场有风险，投资需谨慎。我们力求报告内容的客观、公正，但文中 的观点、结论和建议仅供参考，报告中的信息或意见并不构成所述品种的买卖出价，投资者据此做出的任何投资决策与本公司 本报告所涵括的信息仅供交流研讨 投资者应合理合法 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The pig market continues its weak oscillation with significant regional differentiation. The average price of ternary pigs in the country is reported at 12.00 yuan/kg, slightly down 0.12 yuan/kg from the previous day. The market has entered a "price decline - reluctance to sell" game phase, and the pig price is expected to fluctuate and adjust before the festival. Attention should be paid to the changes in the selling mentality of secondary fattening farmers after the stabilization in the north [3] 3. Summary According to the Catalog Futures Market - **Previous Day Closing Price**: For January, it's 13325; March, 10995; May, 11685; July, 12245; September, 13135; November, 13030 [2] - **Two - day Ago Closing Price**: January, 13355; March, 11150; May, 11735; July, 12295; September, 13210; November, 13130 [2] - **Price Changes**: January, -30; March, -155; May, -50; July, -50; September, -75; November, -100 [2] - **Price Change Ratios**: January, -0.22%; March, -1.39%; May, -0.43%; July, -0.41%; September, -0.57%; November, -0.76% [2] - **Trading Volume**: January, 202; March, 36874; May, 68397; July, 7962; September, 6735; November, 2978 [2] - **Open Interest**: January, 1796; March, 74864; May, 144469; July, 50256; September, 37175; November, 23065 [2] - **Change in Open Interest**: January, 13; March, -8977; May, -1506; July, -199; September, 109; November, 855 [2] - **Price Spreads**: 1 - 3 months, 2330; 3 - 5 months, -690; 5 - 7 months, -560; 7 - 9 months, -890; 9 - 11 months, 105; 11 - 1 month, -295 [2] - **Previous Price Spreads**: 1 - 3 months, 2205; 3 - 5 months, -585; 5 - 7 months, -560; 7 - 9 months, -915; 9 - 11 months, 80; 11 - 1 month, -225 [2] Spot Market - **Spot Prices (Yuan/ton)**: Henan, 12.36; Sichuan, 11.54; Hunan, 11.88; Guangdong, 11.9; Guangxi, 11.84; Liaoning, 12.14 [2] - **Previous Spot Prices (Yuan/ton)**: Henan, 12.22; Sichuan, 11.77; Hunan, 12.1; Guangdong, 12.15; Guangxi, 12.1; Liaoning, 12.23 [2] - **Price Changes**: Henan, 0.14; Sichuan, -23.31; Hunan, -0.22; Guangdong, -0.25; Guangxi, -0.26; Liaoning, -0.09 [2] Warehouse Receipts - **Quantity**: 647, with no change from the previous two days [2]

申银万国期货研究所 李霁月 （从业编号F03119649 交易咨询号Z0019570） lijy@sywgqh.com.cn 申万期货品种策略日报-生猪（LH） | | | | | | 生猪（LH） | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 1月 | 3月 | 5月 | 7月 | 9月 | 11月 | | | 前日收盘价 | 11810 | 11465 | 11760 | 12425 | 13365 | 13335 | | 期 | 前2日收盘价 | 12000 | 11565 | 11850 | 12470 | 13390 | 13360 | | 货 | 涨跌 | -190 | -100 | -90 | -45 | -25 | -25 | | 市 | 涨跌幅 | -1.58% | -0.86% | -0.76% | -0.36% | -0.19% | -0.19% | | 场 | 成交量 | 15 | 53652 | 30669 | 4880 | 3970 | 1175 | | | 持仓量 | 17 | 133394 | 113 ...