金吾财讯 | 猪肉概念股上扬，中粮家佳康（01610）涨3.80%，牧原股份（02714）涨3.36%，雨润食品（01068）涨1.30%，万洲国际（00288）涨0.29%，德康农牧（02419）涨0.25%。万联证券表示，根据国家统计局数据，截至3Q2026，我国能繁母猪存栏量为3602万头，较去年同期减少433万头，同比-10.7%，降幅较2Q2026扩大4.2pct；环比-4.7%，降幅较2Q2026扩大1.5pct，产能去化提速明显，去化幅度超预期。此外，2026Q1-Q3我国生猪供给开始放缓，存栏同比转为下降，养殖持续亏损与政策压减形成合力，共同推动产能调整，预计猪价拐点将在4Q2026出现，建议关注：1）成本与现金流优势显着，能够在深亏期保持出栏稳定的生猪养殖龙头；2）产能弹性大，有望受益于猪价反转的弹性标的。长城证券指出，当前猪价反弹主要系底部修复，供给端出栏均重仍高、冻品库存同比高企，需求端未实质回暖，基本面反转信号尚不充分；但亏损环比收窄，板块估值处于底部区域，建议关注成本领先、现金流稳健的头部猪企。
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