生猪养殖：猪价区间震荡，三方数据产能环比减少。2 月猪价区间震荡。 2 月上旬，供应节后逐步恢复，需求承接有限，价格呈下行趋势；中旬，标肥 价差支撑猪价，养殖企业压栏惜售增加，二育滚动进场增加，猪价持续下行； 下旬，出栏积极性有所提升，淡季需求支撑不足，猪价区间震荡。2 月生猪均 价为 16.00 元/kg，月环比-3.68%，月同比+4.97%。由于节前降重较快，节后标 肥价差支撑较强，增重出栏意愿增加，出栏均重呈上行趋势。据涌益咨询，2 月全国平均商品猪出栏体重为 125.36kg，月环比+1.37%。2 月行业产能环比减 少。2 月，行业整体主动去化意愿不高，规模企业以产能的优化更替为主。根 据钢联统计，2 月能繁母猪存栏量月环比+0.06%（1 月-0.04%），其中规模场环 比+0.05%，中小散环比+0.19%；根据涌益咨询，2 月能繁母猪存栏量月环比- 0.05%（1 月+0.63%)。伴随天气回暖，仔猪补栏将逐步进入季节性补栏高峰期， 带动仔猪价格回升，据农业农村部，2 月仔猪均价 36.21 元/kg，月环比+6.59%， 月同比+28.27%。由于春节错位，2 月上市公司生猪出栏量同比普遍增加。15 家生猪养殖上市 1-2 月出栏量合计为 2611 万头，同比-17.47%。

Agricultural pesticides are chemical, biochemical, and biological substances that are used to kill pests and seize the growth of weeds and selective uneconomic plants and grasses. The size of the market has been derived based on the revenue generated from the sales of agricultural pesticide products.

Agricultural biologicals assist the methods of enhancing crop productivity in different ways. One of them is the application of biopesticides, which, when applied to crops, directly improve crop health and reduce further damage. This is achieved by reducing the occurrence of pests like bugs, mildew, and weeds that result in enormous damage to crops.

Botanical extracts are mixtures obtained from different parts of plants that have medicinal or therapeutic properties, flavor, and/or scent. These extracts are used in products across industries such as the food and beverages (F and B), nutraceuticals, and cosmetic industries

Blueberries are small, round, and typically blue or purple berries that belong to the genus Vaccinium. They are native to North America and are known for their sweet and slightly tart flavor. Blueberries are rich in antioxidants, vitamins C and K, and dietary fiber, making them a popular choice for a healthy diet.

Cocoa beans are the dried and fully fermented seed of Theobroma cacao, from which cocoa solids and cocoa butter are extracted. Cocoa trees grow in hot, rainy tropical areas within 20-degree of latitude from the Equator. Cocoa harvest is not limited to one period per year, and a harvest naturally is completed over several months. Cocoa is harvested in several countries at any time of the year. Cocoa has proven to be one of the most useful ingredients in chocolate and cosmetic products.

经济三驾马车中，我国消费占GDP比重较发达国家有显著提升空间。长年来，中国消费占GDP比重仅为50%左右，与之相比，同期美国、英国、日本的消费占GDP比重约80%，可见中国的消费支出还有很大的提升空间。24年下半年以来，系列重要会议强调消费重要性。24年7月召开的党的二十大三中全会审议通过《中共中央关于进一步全面深化改革、推进中国式现代化的决定》，提出“加快培育完整内需体系”“完善扩大消费长效机制”；2024年岁 末召开的中央经济工作会议明确，将大力提振消费、提高投资效益，全方位扩大国内需求列为2025年九大重点任务之首，并提出实施提振消费专项行动、加力扩围实施“两新”政策； 24年下半年召开的三次中共中央政治局会议也强调了促进消费的重要性。

本月 USDA 供需报告中，对 2024/25 年度全球（除中国外）玉米的预计产量上调 了 170 万吨，至 9.19 亿吨，同比上一年度减少 2.1%。其中，美国玉米供需数据与上月相比没有变化；印度产量上调 200 万吨，反映了其种植面积增加，且季风降雨理想，使得单产潜力改善；根据当地的最新数据，俄罗斯和乌克兰的产量分别上调了 75 万吨和 30 万吨。贸易方面，全球贸易的主要调整包括巴西出口下调了 200 万吨，南非出口下调了 90 万吨，中国玉米进口下调了 200 万吨。最终，全球（除中国外）2024/25 年度玉米结转期末库存上调 62 万吨至 8775 万吨，同比减少 14.5%；库销比上调 0.1pct 至 9.5%。

宠物经济蓬勃发展的内核是宠物的“人格化、家人化”。近年来，中国宠物经济市场规模从 2018 年的 1708 亿级跃升至 2024 年的超 3000 亿元。这一增长不仅源于宠物数量的扩张，更与年轻一代将宠物视为“家人”的情感价值重构密不可分。宠物经济正是基于这一情感纽带蓬勃发展，从提供高品质的宠物食品、个性化的宠物用品，满足宠物的物质需求；到宠物医疗、保险，为宠物的健康保驾护航；再到宠物美容、摄影、社交活动等，满足主人与宠物之间情感互动的精神需求。每一个细分领域，让宠物真正融入家庭生活，也让宠物经济的内涵和外延得以不断拓展和深化。

Dairy foods, also known as milk products or lacticinia, are food products made or derived from the milk of mammals such as cows, goats, ewes, or water buffalo. Common dairy products include milk, cheese, butter, and yogurt.