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农林牧渔行业周报:猪价震荡回落,鸡苗价格下跌
INDUSTRIAL SECURITIES·2025-01-22 02:37

Investment Rating - The industry investment rating is maintained as "Recommended" [1] Core Insights - The report highlights fluctuations in pig prices and a decline in chick prices, indicating market volatility [2] - Key investment points include the analysis of price trends in various agricultural sectors, including livestock and feed [2] Market Review Industry Market - The report provides a comprehensive overview of the agricultural market, noting a 2.14% increase in the industry index [6] - Specific price movements include a slight decrease in pig prices to 15.69 CNY/kg, a 0.06% drop, and a significant decline in chick prices by 6.25% to 3.00 CNY per chick [17] Individual Stock Performance - The report notes positive stock performance in the agricultural sector, with increases of 5.47% and 4.42% in selected stocks [8] Valuation Levels - The TTM (Trailing Twelve Months) valuation for the industry is reported at 22.05, indicating a robust valuation compared to historical averages [13] Important Announcements - The report includes significant announcements regarding price changes in various agricultural products, such as a 1.12% increase in domestic corn prices [14] Price Trends Livestock Prices - The report details livestock prices, with pig feed ratios at 5.42 and a notable increase in piglet prices by 15.56% [16] Grain Prices - Domestic corn is priced at 2055.71 CNY/ton, reflecting a 1.12% increase, while domestic wheat is at 2397.78 CNY/ton, showing a 0.33% increase [16] Oil Prices - The report notes that soybean oil is priced at 7956.00 CNY/ton, with a slight increase of 0.51% [16] Sugar, Cotton, and Rubber Prices - Domestic sugar is priced at 6030.00 CNY/ton, with a decrease of 0.50%, while domestic cotton is at 14776.00 CNY/ton, reflecting a 0.91% increase [16] Aquaculture Prices - The report highlights prices for aquatic products, with sea cucumber priced at 180.00 CNY/kg, showing a 5.88% increase [16]