Report summary:
On Friday, the average selling price of three yuan pigs abroad was 11.95 yuan / kg, down 3.08% from last Friday. On Friday, the average price of Sanyuan piglets sold outside 15kg nationwide was 25.17 yuan / kg, down 0.51% from last Friday. This week, the price of pigs fluctuated weakly. As the pig grain ratio has been below 5:1 for more than three weeks, this week, the national development and Reform Commission announced that it would start the third batch of pork collection and storage in 2022, but the specific collection and storage time has not been determined. At present, the market demand is still relatively light. Residents also reflect that there are a lot of stocks for the new year, bacon and sausage are still not consumed, and there is little demand for meat. In addition, the recent covid-19 epidemic situation in the north and south is severe, the sales areas and production areas are affected, and the large supermarkets, restaurants and entertainment places are closed, resulting in increasingly light market demand. In March, farmers and breeding enterprises resumed marketing, the market supply increased, and the pork supply is sufficient and surplus, Pork prices in some areas fell below 10 yuan / kg, making it difficult for pig prices to rise. It is expected that the pig market will lack favorable support in the short term, and the pig price will continue to fluctuate weakly. According to the news report of China Central Television, at the end of February, the number of sows that can be bred in China was 42.682 million, which continued to decline by 0.51% month on month, and the production capacity is in the process of orderly reduction. Under the continuous large losses of the industry, the trend of capacity removal is highly deterministic, and the accumulation of capacity removal will eventually lead to the arrival of the inflection point of the cycle. At the current time point, we continue to focus on the pig breeding sector. We believe that at this stage, the inflection point of the cycle is expected to gradually increase. Although the sector has increased significantly, the de novo average market value dimension is still in the bottom range. Continue to recommend and focus on the breeding head enterprises with obvious advantages in cost control, followed by the second-line and small American Standard enterprises that focus on the reversal of difficulties, the expectation of greater cost improvement and the certainty of listing growth, with emphasis on Wens Foodstuff Group Co.Ltd(300498) , Tecon Biology Co.Ltd(002100) , Beijing Dabeinong Technology Group Co.Ltd(002385) , etc
Market review:
Among the sub industries of agriculture, forestry, animal husbandry and fishery this week, the weekly increases and decreases were: Fishery 1.25%, livestock and poultry breeding – 1.16%, Shenzhen Agricultural Products Group Co.Ltd(000061) processing – 2.65%, animal health care – 2.72%, feed – 3.29% and planting – 4.14%. The top five companies in agriculture, forestry, animal husbandry and fishery industry this week are: ST Toyo 14.92%, Fujian Tianma Science And Technology Group Co.Ltd(603668) 7.67%, Cnfc Overseas Fisheries Co.Ltd(000798) 6.10%, Fujian Aonong Biological Technology Group Incorporation Limited(603363) 5.08%, Shanghai Kaichuang Marine International Co.Ltd(600097) 4.70%; The top five companies are: Wellhope Foods Co.Ltd(603609) -7.65%, Xinjiang Western Animal Husbandry Co.Ltd(300106) -8.17%, Heilongjiang Agriculture Company Limited(600598) -8.33%, Henan Jindan Lactic Acid Technology Co.Ltd(300829) -8.91%, Lifecome Biochemistry Co.Ltd(002868) -12.97%.
Key tracking:
1. Muyuan announced the granting of restricted shares to incentive objects
Event: on March 15, Muyuan Foods Co.Ltd(002714) announced the implementation of the 2022 restricted stock incentive plan, granting 59685191 restricted shares to 5577 incentive objects who met the grant conditions.
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.
