The current is the peak of China’s pig production capacity release, and the rigid demand in terms of demand promotes the sharp rise of feed prices.
According to the monitoring data of business agency, on February 21, the opening price of m2205 contract of soybean meal was 3785 yuan / ton, and the latest quotation was 3789 yuan / ton, up 6 yuan / ton. after the Spring Festival, all CBOT bean products rose, and the external market rose. The soybean meal market showed an upward trend. The price broke through the 4100 yuan / ton mark in a few days, an increase of more than 15%.
the surge in soybean meal led to the rise in feed prices
Soybean meal is the most important and the largest protein raw material in the feed formula. Due to the excessive pressure on the cost of raw materials, started a new round of feed price rise storm in mid February, including Zhengda, Haida, New Hope Liuhe Co.Ltd(000876) , Tequ, Tongwei, aonong, etc. have raised the price of finished products , of which the increase of aquatic feed mostly ranges from 200 yuan to 500 yuan / ton, The increase of livestock and poultry materials is led by the increase of concentrated materials, generally ranging from 200 yuan to 300 yuan / ton, followed by the full price of livestock and poultry materials ranging from 50 yuan to 100 yuan / ton.
Tight supply side is the main reason for rising prices. The main producing area of soybeans is South America. The decline in output is mainly due to the impact of disasters, the tight supply of international beans, and the low inventory of soybean meal in oil plants recently. After the festival, many feed enterprises and farms have soybean meal stock demand, and the cost of imported soybeans has risen to more than 5000 yuan / ton, Under the condition of short supply and strong market bullish expectation, the soybean meal price fluctuates at a high level; In addition, affected by the international situation, major international investment banks seek commodities, especially Shenzhen Agricultural Products Group Co.Ltd(000061) , to avoid risks and further push up prices. With the convening of the Winter Olympic Games, it has an impact on maritime transportation, reduced supply, and the price of soybean meal in China has risen.
On the demand side, the current is the peak of China’s pig production capacity release. The consumption of soybean meal by about 440 million pigs can not be underestimated, and the rigid demand on the demand side also promotes the sharp rise of feed prices.
concept stocks outperformed the market
According to the statistics of securities times and databao, the stock prices of 22 feed concept stocks have risen by an average of 6.15% this year, outperforming the market. The {603097}, {60300007} and {60300007} shares all rose by more than 3000027 Leshan Giantstar Farming&Husbandry Corporation Limited(603477) .
At present, 16 feed concept stocks have issued performance forecasts or express reports for 2021. The net profit of Tongwei Co.Ltd(600438) in 2021 ranks first, and the total operating revenue in 2021 is 66.602 billion yuan, a year-on-year increase of 50.68%; The net profit attributable to the parent company was 8.203 billion yuan, a year-on-year increase of 127.35%. Tongwei Co.Ltd(600438) said that the company’s Cecep Solar Energy Co.Ltd(000591) battery and feed business segments operated steadily and maintained strong market competitiveness.
In terms of performance growth, the performance of Tongwei Co.Ltd(600438) and Leshan Giantstar Farming&Husbandry Corporation Limited(603477) doubled in 2021. According to the express released by Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , the total operating revenue in 2021 was 2.994 billion yuan, 108.03% year-on-year, and the net profit was 269 million yuan, 111.06% year-on-year.
