Weekly observation: Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) successfully achieved the goal of pig slaughter in 2021
As of January 8, 2022, seven listed pig breeding enterprises have disclosed the sales data of December 2021 and the whole year of 2021, of which the year-on-year increase of pig slaughter volume in December Muyuan Foods Co.Ltd(002714) is the largest. In December 2021, the slaughter volume of Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) , Jiangxi Zhengbang Technology Co.Ltd(002157) , Tech-Bank Food Co.Ltd(002124) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Tecon Biology Co.Ltd(002100) , Shenzhen Kingsino Technology Co.Ltd(002548) pigs was 502.5/122.7/80.5/36.8/41.7/14.7/206000 respectively, with a year-on-year change of + 90.3% / + 37.9% / – 40.0% / + 37.9% / + 87.6% / – 39.7% / + 9.2%.
According to the annual pig slaughter data, the slaughter volume of pigs in Fujian Aonong Biological Technology Group Incorporation Limited(603363) and Muyuan Foods Co.Ltd(002714) doubled, with a year-on-year increase of 141.1% and 122.3% respectively; The year-on-year increase of pig slaughter in Tecon Biology Co.Ltd(002100) was relatively small, with a year-on-year increase of + 19.2%. In terms of the completion of the annual pig marketing goal, Muyuan Foods Co.Ltd(002714) and Wens Foodstuff Group Co.Ltd(300498) have better achieved the pig marketing goal set at the beginning of the year. The completion degree of pig slaughter target in Jiangxi Zhengbang Technology Co.Ltd(002157) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Tecon Biology Co.Ltd(002100) Shenzhen Kingsino Technology Co.Ltd(002548) is in the range of 70-80%. The completion of the launch goal in Tech-Bank Food Co.Ltd(002124) is relatively low, reaching only 61.1%.
Zhou’s view: the pig cycle reversal is imminent, and the transgenic breeding policy is implemented
The pig cycle is about to reverse in 2022, and the layout is in the period of capacity removal. It is recommended that the breeding cost is leading Muyuan Foods Co.Ltd(002714) ; The recovery of production indicators was accelerated, and the cost decreased by Wens Foodstuff Group Co.Ltd(300498) , New Hope Liuhe Co.Ltd(000876) ; Cycle reversal drives Fujian Aonong Biological Technology Group Incorporation Limited(603363) with excellent performance elasticity; Leshan Giantstar Farming&Husbandry Corporation Limited(603477) with both breeding cost and capital advantages; Relevant beneficiary object Tecon Biology Co.Ltd(002100) .
Feed sales benefit from the high scale of pig stock, and the increase of column pressure in winter is unabated. It is suggested to pay attention to the leading feed enterprises Guangdong Haid Group Co.Limited(002311) with outstanding advantages in product power and service power.
The price rise conduction superimposes weather disturbance, and the planting chain landscape continues. It is suggested to pay attention to the Jiangsu Provincial Agricultural Reclamation And Development Co.Ltd(601952) target of grain price increase. Highlight the recommendation of transgenic technology with outstanding advantages Beijing Dabeinong Technology Group Co.Ltd(002385) ; And Yuan Longping High-Tech Agriculture Co.Ltd(000998) where the fundamentals will improve; Related beneficiary objects Shandong Denghai Seeds Co.Ltd(002041) , Winall Hi-Tech Seed Co.Ltd(300087) , Syngenta (to be listed).
Market performance this week market performance this week (1.3-1.7): Agriculture outperformed the market by 3.22 percentage points. This week, the Shanghai Composite Index fell by 1.65%, and the agricultural index rose by 1.56%, outperforming the market by 3.22 percentage points. In terms of sub sectors, the fishery sector led the increase, with an increase of 5.78%; The seed sector led the decline, down 7.15%. In terms of individual stocks, Shandong Oriental Ocean Sci-Tech Co.Ltd(002086) (+ 12.38%), Fujian Aonong Biological Technology Group Incorporation Limited(603363) (+ 8.30%) and Wuhan Keqian Biology Co.Ltd(688526) (+ 7.33%) led the gains.
Price tracking this week (1.3-1.7): the prices of piglets, medium speed chicken, bass, shrimp and soybean meal increased
Pig breeding: according to the monitoring of Boya Hexun, on January 7, 2022, the average price of three yuan pigs abroad was 14.84 yuan / kg, compared with -1.21 yuan / kg last Friday; The average price of piglets was 23.92 yuan / kg, up from last Friday + 0.02 yuan / kg; The average price of white striped meat was 19.97 yuan / kg, down from -1.82 yuan / kg last Friday. The price ratio of pig feed today is 4.13:1. According to wind data, on January 7, the average profit of self breeding head was -115.46 yuan / head, compared with -75.69 yuan / head; The average profit of purchased piglets was 103.06 yuan / head, with a month on month ratio of -64.74 yuan / head.
White feather broiler: according to wind data, the average price of chicken seedlings this week was 0.98 yuan / feather, a month on month ratio of – 11.71%; The average price of wool chicken was 7.96 yuan / kg, a month on month increase of – 0.13%; The breeding profit of hairy chicken was -0.22 yuan / feather, a month on month increase of + 0.17 yuan / feather.
Risk tip: the macro economy is down, and the consumption remains depressed; Uncertainty of animal diseases in winter, etc.
