GOLDEN SUN SECURITIES·2025-03-09 08:22Investment Rating - The industry rating is "Maintain Increase" [4] Core Views - Recent white chicken prices have rebounded after a prolonged decline, with meat chicken prices at 6.59 yuan/kg, up 8% week-on-week, and chicken chick prices at 2.54 yuan/chick, up 10.9% week-on-week. This price recovery is attributed to a supply shortage due to seasonal factors and increased slaughter profits [10][12] - In the pig farming sector, the average price for lean pigs is 14.44 yuan/kg, down 0.6% from the previous week, indicating a continued low valuation in the market. The focus is on leading companies with cost-effectiveness and growth potential [12][14] - The planting and agricultural products sector is expected to see growth potential following the approval of genetically modified varieties for commercial sales, which will gradually confirm the growth and realization timeline for industry companies [12] Summary by Sections Livestock Farming - The average price for lean pigs is 14.44 yuan/kg, down 0.6% week-on-week, with the average wholesale price for pork at 20.81 yuan/kg, down 0.2% [14][15] - In poultry farming, the average price for white feathered meat chickens is 6.59 yuan/kg, up 8% week-on-week, while the average price for chicken products is 8.97 yuan/kg, down 0.3% [12][27] - The profit for self-bred pigs is 33.56 yuan/head, down 9.52 yuan/head, while the profit for purchased piglets is -12.52 yuan/head, down 21.91 yuan/head [16][33] Agricultural Products - The domestic corn spot price is 2229.12 yuan/ton, up 0.5% week-on-week, while the soybean spot price is 3856.79 yuan/ton, down 0.6% [42][56] - The average price for domestic wheat is 2424.61 yuan/ton, down 0.4% week-on-week, and the average price for domestic soybean meal is 3648.57 yuan/ton, down 2.2% [45][63] Industry Recommendations - Companies to watch in the white feathered chicken sector include Shengnong Development, Hefeng Co., and Xiantan Co. due to their complete industry chain [11][12] - In the pig farming sector, focus on leading companies such as Muyuan Foods, Wen's Foodstuffs, and Tangrenshen for their cost-effectiveness and growth potential [12]