Institutional view: poor demand follow-up, pig production is now falling

Golden Ten Futures June 13th news, Thursday pig futures main LH2409 fell sharply 3.07%, at 17,820 yuan/ton. In terms of spot, according to Huiyi.com, Henan quoted 18.4 yuan/kg - 18.9 yuan/kg, down 0.4 yuan/kg from yesterday; in the future, after the spot rose to a high level, the panic psychology rose, and the mood of second education may have weakened. At the same time, considering the rapid rise in short-term pig prices, downstream consumption also needs to adapt to time. Spot may face the pressure of phased adjustment, but the general direction of supply tightened in the later stage, and pig prices may still remain high during the year. Overall, the futures discount reflects the caution of market expectations. The spot stage has weakened or become a short-term adjustment incentive, but in the medium term, the lower support still exists. Operationally, short-term trading is the main one.