Source: Hengtai Futures Author: Hengtai Futures
Research report text
1. Spot market
International aspect:
Today (February 28), the spot prices of live pigs across the country rose in some areas.
The market price of live pigs in Northeast China is stable at 15.6-16.0 yuan/kg. Slaughter companies generally sell goods, retail investors have a normal mentality, and short-term price adjustments are narrow.
The price in central China rose slightly, 15.6-16.3 yuan/kg. The market’s uplifting sentiment is transmitted, and there are too many supplementary operations, and today’s market is adjusted upwards.
The price of live pigs in South China generally rose, 15.6-17.0 yuan/kg. At the end of the month, the price of the breeding end increased and the volume decreased, and the market turnover improved, but the follow-up of consumption was limited, and the resistance to rising pig prices was relatively large.
The price of white strips in downstream slaughtering enterprises is generally stable.
2. Futures
Today’s hog futures fluctuate. As of the close, the closing price of the main contract lh2305 was 17,255 yuan, up 0.15% from yesterday. (Changes in settlement price)
3. Market outlook analysis
Spot prices rose slightly in some areas today. The mentality of retail investors is normal, and the market supply is relatively stable.
On the consumer side, as the price of meat fluctuates and rises, the follow-up of downstream products is weak, and the enthusiasm of slaughtering companies for procurement and freezing has weakened. In addition, some farmers have subscribed at high prices. It is expected that prices will be stable in the short term.
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