Weekly observation: in 2021, 13 breeding listed enterprises sold a total of 99.01 million pigs
As of January 16, 2021, major listed pig breeding enterprises have released pig sales data for December 2021 and the whole year of 2021. We selected 13 major listed pig breeding enterprises for statistics. In 2021, 13 enterprises sold a total of 99.01 million pigs, which is expected to account for about 14.6% of the total number of pigs sold in 2021, an increase of 3.7 PCT year-on-year. From the perspective of the growth rate of pig slaughter volume, Muyuan Foods Co.Ltd(002714) , Beijing Dabeinong Technology Group Co.Ltd(002385) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Luoniushan Co.Ltd(000735) all increased by more than 100% year-on-year. In 2021, the five enterprises sold 4026.3/430.8/324.6/92.0/394000 pigs respectively, with a year-on-year increase of 122.3% / 132.8% / 141.1% / 192.1% / 156.2%. From the perspective of the completion degree of the expected slaughter volume, Muyuan Foods Co.Ltd(002714) and Wens Foodstuff Group Co.Ltd(300498) have better completed the pig slaughter target set at the beginning of the year.
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 (1.10-1.14): Agriculture outperformed the market by 0.76 percentage points
This week, the Shanghai Composite Index fell 1.63%, and the agricultural index fell 0.87%, outperforming the market by 0.76 percentage points. In terms of sub sectors, the fishery sector led the increase, with an increase of 29.23%; The pet food sector led the decline, down 3.57%. In terms of individual stocks, Zhanjiang Guolian Aquatic Products Co.Ltd(300094) (+ 69.51%), Fortune Ng Fung Food (Hebei) Co.Ltd(600965) (+ 34.24%) and jiawo shares (+ 28.94%) led the gains.
Price tracking this week (1.10-1.14): the prices of piglets, white feather chickens, medium speed chickens, bass, shrimp and corn rose this week
Pig breeding: according to the monitoring of Boya Hexun, on January 14, 2022, the average price of three yuan pigs abroad was 13.97 yuan / kg, compared with -0.87 yuan / kg last Friday; The average price of piglets was 24.11 yuan / kg, up from last Friday + 0.19 yuan / kg; The average price of white striped meat was 18.86 yuan / kg, down from -1.11 yuan / kg last Friday. The price ratio of pig feed today is 3.89:1. According to wind data, on January 14, the average profit of self breeding head was -269.75 yuan / head, month on month -154.29 yuan / head; The average profit of purchased piglet head was -38.76 yuan / head, compared with -141.82 yuan / head.
White feather broiler: according to wind data, the average price of chicken seedlings this week was 1.05 yuan / feather, a month on month ratio of 7.14%; The average price of wool chicken was 7.99 yuan / kg, with a month on month ratio of 0.38%; The breeding profit of hairy chicken was -0.54 yuan / feather, a month on month increase of + 0.32 yuan / feather.
Risk tip: the macro economy is down, and the consumption remains depressed; Uncertainty of animal diseases in winter, etc.
