On Friday, the average selling price of three yuan pigs abroad was 12.47 yuan / kg, down 1.66% from last Friday. On Friday, the average price of Sanyuan piglets sold outside 15kg nationwide was 25.34 yuan / kg, down 4.41% from last Friday. After the excessive decline of pig price, it entered the shock adjustment range, and the subsequent collection and storage work has caused resistance to the continuous decline of short-term market price. However, the oversupply of pig prices is still difficult to reverse, and the losses at the breeding end will continue. The sharp rise in feed prices caused by the current Shenzhen Agricultural Products Group Co.Ltd(000061) comprehensive price rise of bulk will further push up the breeding cost and continue to promote the industry to take the initiative to reduce production capacity, which will further strengthen our expectation of starting the next round of rise in 22 years. We believe that at this stage, the inflection point of the cycle is expected to gradually increase. Although the sector has increased greatly, the de novo average market value dimension is still in the bottom range, and the pig breeding sector is continuously recommended. Recommend targets with both safety and growth, with emphasis on Wens Foodstuff Group Co.Ltd(300498) , Tecon Biology Co.Ltd(002100) , Beijing Dabeinong Technology Group Co.Ltd(002385) , etc.
In the past two days, the escalation of the situation in Russia and Ukraine has begun to have an impact on the global Shenzhen Agricultural Products Group Co.Ltd(000061) trade pattern. Ukraine is one of the main sources of China’s corn imports and an important exporter of corn and wheat in the world. Before the conflict between the two countries shows no clear signs of easing, it is expected that the overall strength of international corn prices will push up the cost of imported corn from China. We believe that under the background of geopolitics pushing up international food prices, the cost advantage of feed leading enterprises will be further highlighted and feed leading enterprises will continue to promote Guangdong Haid Group Co.Limited(002311) . In terms of animal protection, it is suggested to continue to pay attention to the progress of non plague vaccine and usher in valuation and repair opportunities with the marginal improvement of breeding market, and focus on the leader of animal protection Jinyu Bio-Technology Co.Ltd(600201) .
Market review:
Among the sub industries of agriculture, forestry, animal husbandry and fishery this week, the weekly increases and decreases were: planting industry 0.39%, Shenzhen Agricultural Products Group Co.Ltd(000061) processing 0.07%, fishery – 1.04%, animal health – 1.89%, feed – 3.68% and livestock and poultry breeding – 5.25%. Among the companies in agriculture, forestry, animal husbandry and fishery industry this week, the top five companies are: Lontrue Co.Ltd(300175) 25.12%, 6 C&S Paper Co.Ltd(002511) 5.19%, Zoneco Group Co.Ltd(002069) 11.90%, Sdic Zhonglu Fruit Juice Co.Ltd(600962) 10.83%, Jinjian Cereals Industry Co.Ltd(600127) 10.45%; The top five companies are: Dayu Water-Saving Group Co.Ltd(300021) -8.02%, Shandong Xiantan Co.Ltd(002746) -8.28%, Yihai Kerry Arawana Holdings Co.Ltd(300999) -8.38%, Shenzhen Kingsino Technology Co.Ltd(002548) -9.66%, Fujian Aonong Biological Technology Group Incorporation Limited(603363) -11.77%.
Key tracking:
1. Jinyu Bio-Technology Co.Ltd(600201) announced the acquisition of new veterinary drug registration certificate and approval document of veterinary drug product approval number
Event: on February 24 and 25, Jinyu Bio-Technology Co.Ltd(600201) announced that its subsidiary Jinyu Baoling had obtained the new veterinary drug registration certificate of “Brucella gene deletion live vaccine (M5 – 90 △ 26 strain)” and the veterinary drug product approval number of “porcine circovirus type 2 and porcine Mycoplasma pneumoniae inactivated vaccine (recombinant baculovirus dbn01 strain + dj-166 strain)”.
Key recommendations:
[key recommendations] Wens Foodstuff Group Co.Ltd(300498) , Beijing Dabeinong Technology Group Co.Ltd(002385) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Guangdong Haid Group Co.Limited(002311) , Jinyu Bio-Technology Co.Ltd(600201)
[suggestions for attention] Tecon Biology Co.Ltd(002100) , Jiangxi Zhengbang Technology Co.Ltd(002157) , Yantai China Pet Foods Co.Ltd(002891) , Petpal Pet Nutrition Technology Co.Ltd(300673) , Wuhan Keqian Biology Co.Ltd(688526)
Risk tips: the risk of livestock and poultry price fluctuation, the impact of extreme weather, the impact of animal diseases, etc.
