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Minsheng Securities: Pig prices continue to fluctuate in the high prosperity range, waiting for positive transmission in the post-cycle.
The number of newborn piglets has a turning point since October 2023. Pushing back six months means that April 2024 will mark the turning point for the number of pigs slaughtered, with later pig supply pressures easing month by month.
Huachuang Securities: White chicken prices rebound in July, and industry profits may improve in the second half of the year.
From a long-term perspective, the cost-effectiveness and economic advantages of white chicken as the animal protein with the lowest feed-meat ratio will be further demonstrated, highlighting the long-term growth potential of the industry.
Should You Think About Buying COFCO Joycome Foods Limited (HKG:1610) Now?
Hong Kong stock market concept tracking | Nearly 90% of listed hog farming enterprises saw income growth in July. Leading hog farming companies have improved profitability. (See concept stocks)
The rise in pork price from the beginning of the year to now is mainly driven by supply contraction.
Swhy Research: Pig prices hit new highs, grasp the profits of livestock and poultry breeding, pay attention to the bottom of the industry and the transformation of seed industry.
Under weak demand and expectations, Swhy research believes that the supply side has a "expectation gap" which is the core reason for the strong performance of pig prices in this round, exceeding the main expectations of the industry and the market.
Founder Securities: After the continuous rise in pork prices, there may be a phased adjustment. China has reopened the export of poultry meat from Brazil without new urban areas affected by avian influenza.
China's General Administration of Customs has announced that the export of poultry products from Brazilian companies that have not been affected by the new city animal disease is now officially resumed. However, production in the state of Rio Grande do Sul will still be banned.
The Three-year Earnings Decline Is Not Helping COFCO Joycome Foods' (HKG:1610 Share Price, as Stock Falls Another 10% in Past WeekNo Data
