20250616-财达期货-生猪_玉米周报_政策收储提振生猪_玉米行情拉涨明显_7页_1mb

报告摘要

Pork futures (LH2509) increased by 2.15% to 13,790 yuan/ton, supported by policy intervention.
Spot prices for outback lean pork averaged 14.38 yuan/kg, down 0.12 yuan/kg week-over-week.
Profit margins deteriorated significantly: self-reared pigs at -2.9 yuan/head (down 36.73 yuan/head), purchased pigs at -210.64 yuan/head (down 89.84 yuan/head); lean-to-rice ratio dropped to 5.94.
Supply remains high, but policy pork stockpiling (10,000 tons on June 11) and some producer reluctance to sell provide short-term support.
Demand is weak, with slaughterhouses cautious; sustained price increases unlikely in the short term due to high inventory and lack of real demand.
Market sentiment is positive from policy, but prices may face resistance above moving averages.

Corn futures (C2507 and C2509) rose by 1.8% and 1.78% respectively, amid stronger spot prices averaging 2,405.1 yuan/ton, up 17.26 yuan/ton week-over-week.
Port inventories increased at key locations like Jinhua and Beihai, with spot prices rising significantly due to reduced supply and policy support.
Industrial consumption fell slightly, with corn starch plants operating at low rates (48.71%), reflecting continued losses; wheat support initiatives in Henan boosted corn prices.
Short-term outlook suggests potential consolidation after a rapid rise, with import auction rumors possibly easing supply concerns.

This summary covers key trends, drivers, and forecasts from the report.

展开完整摘要