农林牧渔行业周报：11月上调2023/24年度玉米大豆进口预测

Investment Rating - The report maintains an "Overweight" investment rating for the agricultural sector [1] Core Views - The report highlights an increase in domestic corn and soybean import forecasts for the 2023/24 season, while the 2024/25 forecasts remain unchanged [2][21] - Global production and consumption forecasts for wheat, rice, and corn have been adjusted upwards, while soybean production and inventory have been revised downwards [3][22] Summary by Sections Agricultural Data Tracking - The national average price for lean pigs is 16.34 CNY/kg, down 2.3% from last week, with expectations for a price increase due to seasonal demand recovery [24][28] - The average wholesale price of pork is 23.85 CNY/kg, down 1.6% from last week [28][29] Livestock Farming - In the white feather chicken sector, the average price remains stable at 7.64 CNY/kg, while chicken product prices have increased by 1.1% to 9.30 CNY/kg [25][43] - The report suggests monitoring the recovery of chicken prices and highlights potential investment opportunities in companies like Yisheng, Shengnong, and He Feng [25] Crop and Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with significant growth potential anticipated in the sector [25] - The report emphasizes the importance of large feed companies leveraging their advantages to replace smaller competitors [25] Key Stocks - The report identifies key stocks with "Buy" ratings, including Muyuan Foods (002714.SZ), Wens Foodstuff Group (300498.SZ), and Haida Group (002311.SZ), with projected earnings per share (EPS) for 2024E at 3.74 CNY, 1.82 CNY, and 2.59 CNY respectively [7]