Source: Minmetals Futures Author: Minmetals Futures
Research report text
【egg】
The delivery of goods slowed down, and the price of eggs in the main production areas continued to drop, falling 0.11 yuan to 4.94 yuan/catties, and Xinji 4.44 yuan/catties.
Domestic demand is picking up rapidly, superimposed Taoji is speeding up the slaughter, and the seasonal strength of spot goods before the festival is stronger than expected, and the near contract is supported, but the 05 and other contracts are also expected to be relatively full, and the upper pressure is gradually rising;
In the mid-term, the egg market is still facing a pattern of low inventory and gradual recovery of consumption. In the first half of the year, egg prices still have room to strengthen. It is recommended to wait for the fall to buy.
【Hog】
The price of pigs across the country continued to rise slightly, with the average price of foreign three yuan rising by 0.38 yuan to 15.17 yuan/kg, the average price of Henan 15.8 yuan/kg, and Sichuan 14.73 yuan/kg. However, the pre-holiday stocking has been gradually completed, and the purchase plan at the slaughtering end has a certain reduction expectation. The overall rise in pig prices may be limited, and the operation is stabilizing;
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