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August is the peak period of profitability for pig enterprises, with daily profits exceeding one billion yuan. | Industry News
①In August, the pig market continued to recover, with sales prices of major pig companies reaching a new high this year; ②The peak of profitability for pig companies still focuses on reducing costs and increasing efficiency. Muyuan Foods, Shennong Group, and Wens Foodstuff Group have all reduced their fully loaded costs to below 14 yuan/kg; ③Some industry insiders believe that breeding companies will continue to maintain a considerable profit trend this year.
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.
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.
Open Source Securities: Pig prices start to rise rapidly, and the supply of live pigs is expected to continue to be tight in the fourth quarter.
During the hot season from July to August, the consumption of fat pigs is low, but there is still a high premium for fat pigs reflecting the tight supply of market hogs. It is expected that in the future market, as the temperature gradually decreases and the premium for fat pigs drives up, the average weight of market hogs may gradually increase.
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