"种业是基础 性、公益性产 业，是投资大、 门槛高、见效 慢、周期长的事 业，一般企业难 以承担。"在8月 26日召开的广东 省加快推进现代 化产业体系建设 专题会议（岭南 特色现代农业专 场）上，温氏食 品集团股份有限 公司总裁黎少松 介绍，目前广东 育种存在三方面 问题：育种企业 市场竞争压力 大，经济效益较 低；高水平综合 性人才短缺；育 种基地疫病防控 难度较大。 对此，黎少松提 出加大种业政策 支持、加快生物 育种产业化、推 进"育繁用"产业 链合理利益机制 等三方面建议。 温氏股份总裁黎 少松：在国家生 猪核心育种场周 围划定禁养区_ 南方+_南方plus 国在基因编辑等 生物育种领域具 备良好的基础和 产业应用市场条 件。"建议制订 相关政策，给研 发者定心丸，减 少研发中试的法 律风险，进一步 加快生物育种科 技成果产业化应 用进程。"黎少 松说。 此外，黎少松建 议建立育种企业 和养殖企业的合 作机制，保障育 种长期投 入，"建议借鉴 发达国家做法， 黎少松建议，进 一步优化政策环 境，遴选重点育 种企业，制订长 周期、有重点的 扶持政策，在资 金、重大项目和 人才引进培养上 支持。同时，给 ...

证券之星消息，8月26日养殖业板块较上一交易日上涨4.51%，晓鸣股份领涨。当日上证指数报收于 3868.38，下跌0.39%。深证成指报收于12473.17，上涨0.26%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300967 | 晓鸣股份 | 24.86 | 10.34% | 30.92万 | | 7.39亿 | | 002714 | 牧原股份 | 55.06 | 7.16% | 114.33万 | | 62.14亿 | | 300313 | *ST天山 | 9.40 | 7.06% | 14.06万 | | 1.28亿 | | 000048 | 京基督农 | 17.05 | 6.16% | 31.46万 | | 5.28亿 | | 002299 | 圣农发展 | 18.06 | 4.63% | 31.33万 | | 5.60亿 | | 605296 | 神农集团 | 34.38 | 3.34% | 8.63万 | | 2.92亿 | | ...

| 代码 | 名称 | 涨幅%↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | | 603363 | 傲农生物 | 10.08 | 108亿 | 17.23 | | 002714 | 牧原股份 | 8.12 | 3035亿 | 46.46 | | 300761 | 立华股份 | 4.58 | 174亿 | 9.59 | | 002100 | 天康生物 | 4.53 | 94.48 Z | 9.32 | | 000048 | 京基智农 | 4.23 | 88.77亿 | -4.91 | | 001201 | 东瑞股份 | 3.65 | 44.65亿 | 9.48 | | 002840 | 中统股份 | 3.39 | 90.81亿 | -10.55 | | 300498 | 温氏股份 | 3.18 | 1231亿 | 13.44 | | 002124 | 天邦食品 | 2.97 | 69.32亿 | 11.83 | | 603477 | 巨星农牧 | 2.90 | 112亿 | 24.75 | | 605296 | 神农集团 | 2.58 | 179亿 | 2 ...

证券研究报告|行业研究周报 [Table_Date] 2025 年 08 月 25 日 猪肉供过于求局面加剧，猪价继续下跌 [Table_Title2] 农林牧渔行业周报第 26 期 [Table_Summary] 本周观点: 种植产业链：8 月 19 日，农业农村部种植业管理司会同全国农 业技术推广服务中心在广西南宁召开全国秋粮作物中后期重大 病虫害防控现场会，组织主产省份观摩重大病虫害绿色防控作 业现场，邀请行业专家重点讲解水稻和玉米病虫害发生规律及 绿色防控技术，动员安排秋粮作物重大病虫害防控工作。会议 指出，秋粮产量占全年粮食产量的四分之三，要完成今年粮食 产量 1.4 万亿斤左右的目标任务，关键看秋粮。把好秋粮病虫 害防控关，对夺取全年粮食丰收意义重大。当前，受降雨偏多 等不利因素影响，秋粮重大病虫害发生重于上年，监测防控任 务仍较为艰巨。8—9 月份是秋粮产量形成的关键时期，也是病 虫害多发重发期。各地要高度重视，突出重点、分类指导、科 学防控，抓住主要作物、重点区域、重大病虫和关键环节，全 力以赴推进"虫口夺粮"保秋粮丰收行动。在粮食安全背景 下，转基因技术在提升单产方面具有革命性作用，我们判断 ...

新华财经北京8月25日电近期，生猪养殖企业7月的销售数据陆续披露。新华财经和面包财经研究员在剔除部分数据披露不全的上市猪企后，以沪、深两大交 易所主要上市生猪养殖企业为样本，分别统计其生猪销售收入、销量。 统计结果显示，2025年7月生猪养殖企业合计实现生猪销量1435.73万头，同比上升14.82%，环比下降4.9%。其中，牧原股份居首，销量达635.5万头，温氏 股份、新希望的销量超过130万头。同比增速方面，多数企业实现正增长，正虹科技、正邦科技的销量增速超过200%。 收入方面，生猪养殖企业7月合计实现收入233.18亿元，同比下降11.18%，环比下降6.44%。同比增速方面，多数企业负增长，金新农、华统股份等6家的跌 幅超过20%。 7月上市生猪企业销量同比上涨14.82% 根据国家生猪市场披露的数据，全国生猪成交均价进入2025年以来相对稳定，在15元／公斤上下浮动。2025年7月，生猪成交均价持续下滑，最低达到14.33 元／公斤，低于去年同期的18-19元／公斤。 图1：2024年7月以来全国生猪成交均价 正虹科技7月生猪销量达1.63万头，同比增速达288.69%，位列增速第一。2025年 ...

Investment Rating - Industry rating: Outperform the market (maintained rating) [9] Core Insights - The pet industry is experiencing significant growth, with the Asia Pet Expo showcasing over 2,600 exhibitors and 20,000 brands, indicating a thriving market driven by globalization and innovation [2][13] - China's pet food exports have shown continuous growth, with 201,000 tons exported from January to July 2025, reflecting a year-on-year increase of 6.64% [14] - The pig farming sector is facing challenges, with the average pig price at 13.82 yuan/kg, a decrease of 3.63% from the previous week, and the average weight of pigs reaching a historical high [15][16] - The dairy sector is poised for a recovery, with the original milk price expected to rebound as production capacity decreases after a prolonged period of losses [17][18] - The poultry sector is focusing on breeding gaps, with a significant decline in the import of breeding chickens due to avian influenza concerns, which may impact future supply [19][20] - The planting sector emphasizes food security and the importance of biotechnology, with a focus on high-yield and resilient crop varieties [25] - The feed sector is recommended for investment, particularly in companies like Haida Group, which is expected to benefit from market recovery and increased market share [26] Summary by Sections Pet Sector - The Asia Pet Expo has reached a record scale of 310,000 square meters, highlighting the industry's vitality and innovation potential [2][13] - Pet food exports from China have increased, with a total of 201,000 tons exported in the first seven months of 2025, showing a year-on-year growth of 6.64% [14] - Recommended companies include pet food brands like Guibao Pet, Zhongchong Co., and Petty Co. [14] Pig Sector - The average pig price is currently at 13.82 yuan/kg, with a year-to-date low in profitability for pig farming [15][16] - The average weight of pigs is at a historical high, indicating supply pressures [15] - Recommended companies include leading pig farming firms such as Wens Foodstuffs Group and Muyuan Foods [16] Dairy Sector - Yuran Dairy reported stable performance with a revenue of 10.3 billion yuan, showing a year-on-year growth of 2.3% [17] - The dairy industry is expected to see a recovery as production capacity decreases [18] - Recommended companies include Yuran Dairy and China Shengmu Organic Milk [18] Poultry Sector - The poultry sector is facing challenges with breeding imports, particularly for white chickens, due to avian influenza [19][20] - Recommended companies include Shennong Development and Yisheng Livestock [20] Planting Sector - The focus is on food security and biotechnology, with an emphasis on high-yield and resilient crop varieties [25] - Recommended companies include Longping High-Tech and Dabeinong Technology Group [25] Feed Sector - Haida Group is highlighted as a key investment opportunity due to its increasing market share and performance [26] - The animal health sector is also recommended, particularly companies like Kexin Biological [27]

Investment Rating - The industry is rated as "Maintain Increase" [4] Core Views - The price of yellow chickens continues to rise, with average prices for fast, medium, and slow-growing yellow feathered chickens at 10.84 CNY/kg, 12.68 CNY/kg, and 15.24 CNY/kg respectively, showing year-on-year increases of 5.9%, 5.0%, and 5.0% [13][14] - The supply side is experiencing a significant reduction in the supply of medium and fast-growing chickens, leading to market shortages, while high-end products are selling well [13] - Demand is being driven by seasonal factors such as graduation banquets and preparations for the Mid-Autumn Festival and National Day, which is boosting overall sales [13] - The current cycle of prosperity in the industry is expected to last about one quarter, with a recovery in the fundamentals of the sector [13] Summary by Sections Livestock Farming - The average price for lean pigs is 13.71 CNY/kg, down 0.2% from last week, indicating a relatively low valuation [14][16] - The average wholesale price of pork is 20.1 CNY/kg, up 0.2% from last week [16] - Self-breeding pigs show a profit of 33.95 CNY per head, while purchased piglets show a loss of 151.8 CNY per head [18][19] Poultry Farming - The average price for white feathered chickens is 7.33 CNY/kg, up 1.8% from last week, while the average price for chicken products is 8.75 CNY/kg, down 0.6% [30] - The price of meat chicken chicks remains stable at 3.58 CNY each [25] - The yellow chicken production capacity is being adjusted, with a focus on seasonal price elasticity opportunities [14] Planting and Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with potential growth for industry companies [14] Supporting Industries - The volatility of agricultural product prices is increasing, and leading feed companies are expected to replace smaller companies due to their advantages in procurement, scale, and capital [14]

农林牧渔 2025 年 08 月 24 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -10% 0% 10% 19% 29% 38% 2024-08 2024-12 2025-04 农林牧渔 沪深300 相关研究报告 《猪价新一轮上行或逐步开启，非瘟 疫苗打开动保板块成长空间—行业周 报》-2025.8.17 《8 月 USDA 农产品报告上调全球玉 米、水稻产量，下调大豆、小麦产量 —行业点评报告》-2025.8.15 《出猪节奏导致 7 月猪价涨幅不及预 期，后市猪价不悲观—行业点评报 告》-2025.8.14 10 收储助推猪价见底回升，宠物食品出口及国内消费 高景气延续 饲料板块国内市场受益禽畜后周期，海外强劲需求支撑价格。推荐：海大集 团、新希望等。 消费升级叠加关税壁垒，宠物板块国货崛起逻辑持续强化。推荐：乖宝宠物、 中宠股份、佩蒂股份。 本周市场表现（8.18-8.22）:农业跑赢大盘 0.23 个百分点 ——行业周报 陈雪丽（分析师） 王高展（分析师） chenxueli@kysec.cn 证书编号：S0790520030001 wanggaozhan@kysec.cn 证书编号：S ...

2025 年 8 月 24 日 本周毛鸡价格上涨，鸡苗价格持平。截至 8 月 22 日，白羽肉毛鸡价格为 7.33 元/公斤，周环比上涨 1.81%，鸡苗价格 3.58 元/羽，与上周持平。毛鸡方面， 本周屠宰企业压价、鸡肉冻品走货不畅，但肉鸡出栏量有限、局部供给偏紧， 价格暂获支撑、高位窄幅震荡。鸡苗方面，毛鸡盈利仍存、种禽场高报低走， 当前补栏窗口渐窄，规模场挺价的同时，散户补栏情绪偏谨慎，市场博弈加 剧，苗价进入震荡调整。 本周玉米、小麦、豆粕现货价格下跌。截至 8 月 22 日，玉米现货均价为 2373.53 元/吨，环比下跌 0.86%；小麦现货均价为 2432 元/吨，环比下跌 0.25%，豆粕现货均价 3084.29 元/吨，环比下跌 0.41%。玉米方面，本周玉米 现货价格继续走弱，受春玉米陆续上市、小麦替代优势仍在，以及贸易商出库 意愿增强影响，市场流通粮源充裕而用粮企业采购谨慎，压价情绪升温，玉米 价格整体偏弱运行。豆粕方面，本周豆粕价格延续跌势，受国内现货供应宽 松、油厂库存高位及新作丰产预期压制，贸易商降价出货意愿增强，但外盘成 本支撑下跌幅有限，短期弱势震荡为主。天然橡胶价格下跌。截 ...

投资建议 行情回顾： 本周（2025.08.18-2025.08.22）农林牧渔（申万）指数收于 2941.27 点(周环比+3.72%)， 沪深 300 指数收于 4378.00 点（周环比+4.18%），深证综指收于 2393.21 点（周环比+4.02%），上证综指收于 3825.76 点（周环比+3.49%），科 创板收于 1247.86 点（周环比+13.31%)，农林牧渔行业指数跑输上证综指。 生猪养殖： 本周生猪出栏均重为 127.98 公斤/头，价格偏弱下散户出栏积极性提升，本周行业冻品库容率环比+0.12%至 17.32%， 在价格持续下跌以及部分地区天气转凉的背景下，生猪出栏节奏有所放缓，整体看出栏均重依旧处于较高位置，后续 生猪价格仍存在较大压力。目前政策端对能繁母猪存栏向下调控方向不变，此外，环保管理持续推进，各个省份陆续 加强环保管理，部分母猪场因环保因素开始整顿。当下猪价表现下成本较差企业已经出现亏损，预计养殖成本较差企 业已经开始调减产能，而在供给压力持续后移的背景下，预计短期生猪价格依旧存在较大压力。若行业产能有序调控， 预计近期能繁母猪存栏出现下降，中期行业盈利中枢有望提升。 ...