The wind rises at the end of the green duckweed.
Soybean meal was originally an insignificant by-product after soybean crushing. However, since this year, the price of soybean meal has repeatedly set new historical records, which caught the breeding enterprises taking soybean meal as the main protein source of feed unprepared. Especially for pig enterprises that are still at the bottom of the pig cycle, it is undoubtedly worse.
However, Wens Foodstuff Group Co.Ltd(300498) , Yunnan Shennong Agricultural Industry Group Co.Ltd(605296) and other relevant pig enterprises did not "lie down" and took multiple measures to control feed costs.
soybean meal price stands at a high of 5000 yuan
Soybean meal prices broke another record high. According to the monitoring data of business agency, on March 20, the Chinese market price of soybean meal reached 5026 yuan / ton, continuing to hit a record high. Since the beginning of this year, the increase has reached 42.70%. In terms of futures market, on March 21, the main futures price of soybean meal of Dachang exchange reached 4304 yuan / ton, up 34.40% this year.
With regard to the market situation in which the price of soybean meal has been rising in recent days, Shanghai Ganglian E-Commerce Holdings Co.Ltd(300226) soybean meal analyst Zou Honglin told the Securities Daily: "recently, many places in China continue to be affected by public health events. The unloading progress of soybeans after arrival in Hong Kong is slow, and the logistics and transportation efficiency of soybean meal is reduced. Superimposed on the current situation of insufficient supply and low inventory in the soybean meal industry, the spot price of soybean meal in many places has successively exceeded the 5000 yuan / ton mark, which is rare in history."
Zou Honglin further analyzed: "From the perspective of international market, the output of the three main soybean producing countries in South America is estimated to drop by nearly 30 million tons, laying the cornerstone of CBOT soybean price bull market. After the reduction of soybean production in South America, the U.S. soybean export environment is better; in addition, the geopolitical tension has exacerbated the concerns of Shenzhen Agricultural Products Group Co.Ltd(000061) market supply, and the grain and oil prices in the international market remain high. From the perspective of China's supply and demand, the recent public health events have affected the transportation of soybean meal, but the downstream The soybean meal demand of breeding enterprises is still growing; At the same time, since March, the price of soybean oil has dropped, and the price of soybean meal has become more firm passively; Further, the decline in the start-up rate of oil plants for four consecutive weeks, the continuous shortage of soybean meal supply and low inventory, the less than expected process of soybean throwing and storage, and the limited new supply of soybean meal are all the reasons for the high price of soybean meal. In the context of such favorable support, the spot price of soybean meal has continued to rise, breaking through the 5000 yuan / ton mark in many places. "
Soybean meal is one of the 12 animal and vegetable oil meal feed products, such as cottonseed meal, peanut meal and rapeseed meal, with the largest output and the widest use. As a kind of high protein, it can be used to make pastry food, health food, cosmetics and antibiotics. Soybean meal is mainly used to feed poultry. In addition, about 85% of soybean meal is used as nutritional raw material for poultry.
pig enterprises control costs at multiple levels
In Zou Honglin's view, the downstream breeding links are in a loss situation one after another, which is reflected in the substitution of soybean meal in feed by some substitutes and the reduction of protein consumption in feed. At present, the main disadvantage of soybean meal market is that the high price of soybean meal inhibits the demand. Under the rising price of soybean meal, since mid March, a number of feed enterprises have announced that pig and poultry products have increased by 75-300 yuan / ton. In terms of the breeding profits of pigs and broilers, my steel Shenzhen Agricultural Products Group Co.Ltd(000061) data show that the latest average weekly loss of pigs is 536.45 yuan / head; The breeding loss of Shandong hairy chicken in Zhou was 0.83 yuan / chicken.
At present, it is at the trough of the pig cycle, and the rise of feed prices makes pig enterprises miserable. Pig enterprises such as Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) , Yunnan Shennong Agricultural Industry Group Co.Ltd(605296) and so on seek new countermeasures.
Muyuan Foods Co.Ltd(002714) in an investor survey, he said that the recent rise in raw material prices had no significant impact on the company's costs at this stage. At the same time, the price of raw grain was already at a high level at the end of last year. According to the current situation, the current rise of raw grain has a marginal impact on the comprehensive cost of production and operation of the company.
Pig enterprises are also racking their brains to try to reduce the impact of rising feed prices on enterprise management Wens Foodstuff Group Co.Ltd(300498) in accepting the institutional research, he admitted that the rising price of feed raw materials is a common problem that the whole breeding industry needs to face. Compared with small and medium-sized farmers, large-scale breeding enterprises often have advantages in feed cost control. The company has actively taken measures to effectively control the feed cost by giving full play to the advantages of centralized collection of feed raw materials and feed nutrition formula technology, increasing the use scale of advantageous raw materials.
"At present, the main reason for the impact on the feed business is that the pig price is running at a low level. The increase in feed price will directly increase the cost of pig breeding and increase the breeding loss, resulting in the reduction of feed purchase by farmers, thus affecting the development of feed business." Yunnan Shennong Agricultural Industry Group Co.Ltd(605296) said, "with the completion and operation of the fund-raising project of Yunnan Shennong Luliang feed and biosafety center project with an annual output of 500000 tons, the feed production capacity of the company will be greatly improved. On the basis of meeting its own breeding needs, the company will actively broaden the channels of feed sales, increase the proportion of feed export and provide more profit guarantee for the company."
