SINOLINK SECURITIES·2025-08-24 07:31Investment Rating - The report indicates a neutral investment rating for the agricultural sector, with expectations of limited price fluctuations in the near term [82]. Core Insights - The agricultural sector index has shown a weekly increase of 3.72%, but it underperformed compared to the Shanghai Composite Index [13][14]. - The report highlights that the pig farming industry is under pressure with prices declining, but there is potential for a mid-term recovery if supply is effectively managed [3][25]. - Poultry farming is experiencing weak demand, leading to price adjustments, but there is optimism for recovery as consumer demand improves [4][40]. - The beef and dairy sectors are seeing a gradual increase in prices, with expectations of a new cycle in beef production [5][46]. - The planting industry is stabilizing, with potential improvements if there are significant reductions in grain production due to external factors [6][52]. - Feed prices are stabilizing, and the aquaculture sector is showing signs of recovery in pricing [68][73]. Summary by Sections 1. Market Review - The agricultural index closed at 2941.27 points, with a weekly increase of 3.72%, while the Shanghai Composite Index increased by 3.49% [13][14]. 2. Key Data Tracking 2.1 Pig Farming - The average price of commodity pigs is 13.73 yuan/kg, with a weekly decrease of 0.22%. The average weight of pigs at slaughter is 127.98 kg, showing a slight increase [23][24]. - The report anticipates continued pressure on pig prices in the short term, but potential for recovery if production capacity is managed [3][25]. 2.2 Poultry Farming - The average price of white feather chickens is 7.33 yuan/kg, with a weekly increase of 1.81%. The profitability of chicken farming is under pressure but may improve with better consumer demand [34][40]. 2.3 Livestock - The price of live cattle in Shandong is 26.96 yuan/kg, reflecting a 0.60% increase. The dairy sector is expected to stabilize as production capacity decreases [5][46]. 2.4 Planting Industry - Domestic corn prices are stable at 2311.43 yuan/ton, while soybean prices remain unchanged. The planting sector is stabilizing, with potential improvements if grain production decreases significantly [51][52]. 2.5 Feed and Aquaculture - Feed prices for fattening pigs are stable at 3.34 yuan/kg. Aquaculture prices are showing signs of recovery, with various fish prices remaining stable [68][73].