关注家禽价格反弹

Investment Rating - The industry rating is "Maintain Increase" [4] Core Views - The poultry prices have recently rebounded significantly, with white feather broiler chick prices rising to 3.1 CNY per chick, up 216.2% from the low in the second week of July [14][16] - The average price of broiler chickens is 7.14 CNY per kg, an increase of 14.4% from the previous low [14][16] - The average price of chicken products is 8.85 CNY per kg, up 5.7% from the low in July [14][16] - The supply side shows a notable decline in parent stock inventory, which fell to 21.385 million sets by the fourth week of July, down 6.8% from the first week of July [14] - Seasonal demand is expected to increase due to school stocking in September and October, with July marking the peak season for replenishment [14] - The sentiment in the market has been positively influenced by strict regulations on Thai poultry exports, which has led to a price increase of 500-1000 CNY per ton for chicken [14] Summary by Sections Swine Farming - The national price for lean pigs is 13.79 CNY per kg, down 2.3% from last week [16][17] - The current valuation remains relatively low, with a focus on leading companies with cost-effectiveness such as Muyuan Foods and Wens Foodstuffs [16][17] Poultry Farming - The average price of white feather broiler chickens is 7.14 CNY per kg, up 4.5% from last week [16][32] - The average price of chicken products is 8.85 CNY per kg, an increase of 3.6% from last week [16][32] - The price of broiler chicks is 3.13 CNY per chick, up 21.8% from last week [16][29] - The yellow feather broiler market is adjusting its capacity, with a focus on seasonal price elasticity opportunities [16] Planting and Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with potential growth in industry companies as prices and profit distribution become clearer [16] Breeding Support - The volatility in agricultural product prices is increasing, and leading feed companies are expected to replace smaller firms due to their advantages in procurement and scale [16]