Core view: the pig price fluctuates at a low level, and the bulk Shenzhen Agricultural Products Group Co.Ltd(000061) price may remain strong in the short term. Recently, due to the national average pig grain price falling below 5:1, the national development and Reform Commission and relevant departments immediately started the collection and storage of the central frozen pork reserve and guided all localities to actively collect and store. We believe that the harvest reserves of frozen pork are relatively small, which is more to release policy signals, maintain the smooth operation of the pig market and protect the production enthusiasm of the industry.
Judging from the trend of China's pig price this week, the pig price did not rebound significantly due to collection and storage: as of March 4, the national pig price was 12.6 yuan / kg, rebounding 0.1 yuan / kg compared with last week. We believe that in the short term, China's pig supply level is still high, the relationship between supply and demand is difficult to reverse, and the pig price may continue to fluctuate at a low level. Under the current pig price level, the loss of self breeding and self raising of the industry has been close to 500 yuan / head for one month in a row. We expect that the short-term cash flow of most farmers will be under great pressure, and it is not easy to survive the cold winter of the industry. We maintain the current judgment that it is a good time to pay attention to the investment opportunities in the aquaculture sector, and suggest to continue to pay attention to Wens Foodstuff Group Co.Ltd(300498) , New Hope Liuhe Co.Ltd(000876) , Tangrenshen Group Co.Ltd(002567) , Tecon Biology Co.Ltd(002100) and other aquaculture enterprises.
Recently, the complex international situation has pushed foreign bulk Shenzhen Agricultural Products Group Co.Ltd(000061) prices upward significantly, and we believe that it may be transmitted to China Shenzhen Agricultural Products Group Co.Ltd(000061) prices in stages. It is expected that the bulk Shenzhen Agricultural Products Group Co.Ltd(000061) prices of corn, soybean, wheat and other bulk Shenzhen Agricultural Products Group Co.Ltd(000061) prices in China are easy to rise but difficult to fall this year. Planting chain enterprises are expected to continue the trend of economic recovery. We continue to suggest paying attention to Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) , Yuan Longping High-Tech Agriculture Co.Ltd(000998) Shandong Denghai Seeds Co.Ltd(002041) and other investment opportunities for listed enterprises benefiting from the rise of Shenzhen Agricultural Products Group Co.Ltd(000061) price.
One week market performance. This week (2.28-3.4), the market fell by 0.54%, and Haitong agricultural sector rose by 3.68%, outperforming the market by 4.22 percentage points. The planting sector rose 6.53%, of which Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) (+ 11.89%) increased significantly. The animal health sector rose 4.86%, mainly due to the large increase of Wuhan Keqian Biology Co.Ltd(688526) (+ 12.26%).
The seed sector rose 4.44%, of which Hainan Shennong Technology Co.Ltd(300189) (+ 15.19%) and Wanxiang Doneed Co.Ltd(600371) (+ 14.93%) increased significantly. Other stocks with larger increases include Shenzhen Kingsino Technology Co.Ltd(002548) (+ 13.84%), Yuehai feed (+ 13.24%), and stocks with larger decreases include Lontrue Co.Ltd(300175) (- 11.52%).
Risk warning Shenzhen Agricultural Products Group Co.Ltd(000061) prices fell sharply.
