20230723-国信期货-生猪周报_猪价小涨反弹_后市整体仍宽松_16页_4mb

报告摘要

Pig Price Movement: Past week saw a slight rebound in pork prices, with some slaughterhouses increasing prices due to higher procurement, though the gains were partially reversed on Friday.
Supply Factors: Fundamental analysis indicates increased output in the third quarter based on capacity data, but high-frequency data shows a decline in average slaughter pig weights and a widening price difference between fat and standard pigs, reducing supply pressure.
Demand Factors: Slaughter volumes increased recently, with moderate rates for fresh pork sales, but white meat demand remains sluggish and inconsistent at times.
Seasonal Outlook: August and beyond are expected to see a seasonal pickup in consumption, despite the current summer low-demand period.
Overall Market View: The pork market faces a generally balanced supply-demand situation, with short-term price firmness due to farmer resistance against lowering prices.
Operational Recommendation: Expect market oscillations, and traders should monitor for changes in supply and demand dynamics.