生猪专题：升水结构下现货价格上涨 生猪期货维持高波动

第一部分前言概要.................................................................................................................................................2【市场展望】...................................................................................................................................................2【【【【【【...................................................................................................................................................2第二部分基本面分析.............................................................................................................................................3一、近期高波动状态成因...............................................................................................................................3二、如何看待最近现货市场变化...................................................................................................................4三、如何看待盘面结构变化...........................................................................................................................6第三部分综合分析&策略评估............................................................................................................................8免责声明...................................................................................................................................................................9 生猪专题 2026年8月17日 升水结构下现货价格上涨生猪期货维持高波动 第一部分前言概要 【市场情况】 交易咨询业务资格： 【【【【[2011]1428【研究员：【【【电话：021-65789252邮箱：Chenjiezheng_qh@chinastock.com.cn期货从业资格证号：F3045719投资咨询资格证号：Z0015458 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 作者承诺 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【市场展望】 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【策略推荐】 1.【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 2.【【【【【【【【【【【【【【【【【【【【【【【【【【【3.【【【【【【【【【【【【【【【【【【【【【【【【【【【 风险提示：【【【【【【【【【【【【【【【【【【【【【【【【 第二部分基本面分析 一、近期高波动状态成因 【【【【【【【【【【【【【【【【【【【【09【【【【【6【【【【11600【/【【【【【【12700【/【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【10635【/【【【【【【【【【【【【【【【10635【/【【【【11545【/【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【11600【/【【【【12700【/【【【【【【【【【【【【【【1.8【/【【【【【【【【【【【【【【【【【【【【1.3【/【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【11.3【/【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【10.33【/【【【【【10.8【/【【【【【【【【【【【【【【【【【【【【【【【800【/【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 生猪专题 2026年8月17日 【【【【【【【【【【【【【【 【【【【【【【【【【【【【 二、如何看待最近现货市场变化 【【【【7【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【7【【【【【【【【【【【【【【【【【【【【【【【【2.96%【【【【【【【【【【【【【0.69%【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【7【【【【【【【【【【【【1.3【/【【【【【 【【【【【【8【【【【【【【【【【【【【7【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【8【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 生猪专题 【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 生猪专题 2026年8月17日 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【2-3【【【【【【【【【【【【【【【【【【【【【【【【【8-9【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【【 三、如何看待盘面结构变化 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【8【【【【【【【【【【【10【【【【【【【2-3【【【【【【【【【【【【【【【【【【【8【【【【【【【【【2【【【【【【【【【【【【【【【【【【9【【【【【【【【11【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【11600【【【【【【【【【【【【【【【9-9.1【/【【【【【【【【【【【2400-2500【/【【【【【【【【【【【【【【【【1600【【【【【【【【【【【【【【【【【【【【【6【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 生猪专题 【【【【【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【 【【【【【【【【【【【【【 【【【【【【【【【【【【【 【【【【【【【【【【【【【 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 生猪专题 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【7【【【【【【【【11【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【 【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【【