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逆势拉升！猪肉概念早盘大涨产能去化有望加速_我的网站

人间至味是清欢

A |

Photo: Screenshot from the official website of WorldSkills Shanghai 2026
China has formally established a 220-member delegation for the 48th WorldSkills Competition to be held in Shanghai from September 22 to 27, with the approval of the Ministry of Human Resources and Social Security.
The delegation includes 71 competitors, 64 experts, and 64 interpreters and staff members. The competitors will take part in all 64 skill competitions at the event, the Science and Technology Daily reported.
The 71 competitors come from 21 provincial-level regions across China, including 49 students and 22 employees. Their average age is 21, with the youngest aged 18 and the oldest 25.
The WorldSkills Competition is the world's biggest international skills competition, bringing together young people, industry, education and government leaders from around the world to advance Technical and Vocational Education and Training, according to the WorldSkills Shanghai 2026 website.
About 1,400 competitors from nearly 70 countries and regions are expected to compete across 64 official skill competitions.
WorldSkills Conference 2026 and the WorldSkills Shanghai 2026 Expo will be held alongside the Competition, according to the event's official website.
Since joining WorldSkills International in October 2010, China has participated in seven editions of the WorldSkills Competition, winning 93 gold medals, 41 silver medals, 28 bronze medals and 71 Medallions for Excellence, according to Science and Technology Daily.
China has ranked first in both the gold medal table and overall team points for four consecutive editions. The Shanghai event will mark the country's eighth participation and the third time it has entered every skill competition.
"The delegation will strictly observe competition rules, compete fairly and with civility, demonstrate both sportsmanship and skill, and fully showcase the superb expertise and positive image of China's young skilled professionals in the new era," an official with the Chinese delegation was quoted as saying by Science and Technology Daily.
China's award ceremony uniforms and competition uniforms have also been unveiled. Both sets draw their central design elements from traditional Chinese mortise-and-tenon joinery, highlighting the inheritance of craftsmanship and the cultural confidence of China's young skilled professionals, according to the Xinhua News Agency.
Global Times
。　　8月25日早盘，两市震荡调整，猪肉概念逆势拉升，截至早间收盘，板块上涨1.71%，涨幅居概念板块前列。个股方面，金字火腿涨近6%，ST龙大涨超5%，西部牧业、大禹生物涨超4%，神农集团涨超3%，顺鑫农业、唐人神、温氏股份、克明食品、得利斯、新五丰、牧原股份、大北农等多股涨超2%。

B | 　　短期供给压力有所缓解　　消息方面，生猪价格近期已有所反弹。据博亚和讯数据，8月中旬全国外三元生猪均价从10.30元/公斤最高冲到11.27元/公斤，走出一轮8连涨；最近23个交易日小幅回调，但仍维持在11.11元的近期高位。　　供应端是支撑当前猪价反弹的核心驱动力。前期能繁母猪存栏量持续去化的传导效应，正逐步在商品猪出栏端显现。截至2026年二季度末，全国能繁母猪存栏量已降至3780万头，距离3750万头的国家合理保有量目标仅一步之遥。　　与此同时，生猪出栏体重呈现结构性下降。受夏季高温天气影响，生猪的日增重速度放缓，增重成本显著高于春秋季节。行业已连续三个季度处于深度亏损状态，养殖端资金压力大幅增加，普遍放弃压栏增重，转而选择降重出栏以减少亏损。此外，政策端对二次育肥的严格管控使得大猪供应明显收缩、标肥价差收窄，有效缓解了短期供给压力。　　产能去化有望加速　　需求端方面，华龙期货指出，立秋后天气转凉，开学季备货和双节预期带动屠宰开工率低位回升，冻品库存周环比延续下滑。

C | 不过当前需求增量尚不足以驱动趋势性反转，短期猪价在标肥价差和压栏情绪支撑下仍具韧性，但8月下旬出栏压力释放和二育出栏窗口临近将限制上方空间。　　方正证券认为，从周期角度看，（生猪）产能去化有望进一步加速，拐点仍需等待。养殖端自繁自养亏损幅度明显扩大，行业现金流持续承压，能繁母猪产能去化稳步推进。

D | 股价角度，悲观预期已较充分，板块具备安全边际。养殖板块经历前期调整，当前估值处于历史低位。　　A股方面，自6月25日创下年内低点至今，申万生猪养殖板块已累计反弹超16%，11只成分股中10只上涨，仅京基智农1股下跌。上涨成分股中，神农集团涨幅最大，超28%；牧原股份次之，涨超22%；温氏股份、新五丰、东瑞股份、巨星农牧、天邦食品等6股均涨超10%。（文章来源：东方财富研究中心）。