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X @Bloomberg
Bloomberg· 2025-10-11 23:42
New Zealand has lowered its 2050 methane target for livestock and other farm sources to a 14-24% cut from 2017 levels, down from the previous goal of 24-47% https://t.co/a378n2Ka6s ...
乐山巨星农牧2025年9月生猪销售情况简报发布
Xin Lang Cai Jing· 2025-10-09 08:57
乐山巨星农牧股份有限公司发布2025年9月养殖业务销售情况。9月销售生猪35.18万头,同比增 42.75%,其中商品猪34.88万头,销售收入5.77亿元。1 - 9月累计销售生猪293.42万头,累计销售收入 51.53亿元。需注意,披露仅含生猪销售情况,数据未经审计,或与定期报告有差异。生猪市场价格波 动和动物疫病是行业系统性风险,可能影响公司业绩,提醒投资者审慎决策。 ...
Beef prices hit record highs as nationwide cattle inventory drops to lowest level in 70 years
Yahoo Finance· 2025-10-01 18:22
Beef prices are at a record high in the wake of a drought that left cattle inventory at the lowest level in 70 years amid strong demand, resulting in price increases for steak and ground beef. The Bureau of Labor Statistics' consumer price index report for August showed a surge in beef prices over the past year. Ground beef prices were up 12.8% on a year-over-year basis in August, while beef roasts were up 13.6%, and steak prices were 16.6% higher. Those inflation figures are well above the 3.2% year-over- ...
X @Bloomberg
Bloomberg· 2025-09-23 08:32
Denmark is vying to be the first country in the world to tax emissions from cows and pigs. Here's how https://t.co/RSmPngOzj6 ...
齐商银行潍坊分行落实小微企业融资协调工作机制显成效
Qi Lu Wan Bao· 2025-09-10 09:12
Group 1 - Qi Commercial Bank's Weifang branch successfully issued a 2 million yuan small export loan to a green food company in Shandong, addressing the company's urgent cash flow needs [1] - The green food company specializes in the processing and sale of fruits and vegetables and faced cash flow pressure due to a recent export order requiring significant upfront investment [1] - Since the launch of the small and micro enterprise financing coordination mechanism in November last year, Qi Commercial Bank has taken significant actions to alleviate financing difficulties for small and micro enterprises [1] Group 2 - The financing coordination mechanism has expanded the coverage of loan policies, effectively reducing the refinancing pressure and financing costs for small and micro enterprises [1] - A livestock company in Gaomi City, which raises lake sheep, faced challenges in procuring feed and raw materials due to an expiring loan [1] - The Weifang branch of Qi Commercial Bank is focusing on building the small and micro enterprise financing coordination mechanism to provide high-quality, convenient, and efficient financial services [2]
温氏股份_盈利回顾_2025 年上半年业绩低于预期;家禽利润率低迷;维持中性
2025-08-31 16:21
Summary of Wens Foodstuff Group Earnings Call Company Overview - **Company**: Wens Foodstuff Group (300498.SZ) - **Industry**: Agriculture, specifically hog and poultry farming in China Key Financial Highlights - **1H25A Performance**: - Net profit of Rmb3.47 billion, EPS of Rmb0.522 per share, compared to Rmb1.34 billion in 1H24A - Recurring net profit of Rmb3.67 billion, up from Rmb1.28 billion a year ago, but below expectations due to depressed poultry margins [1][2] - No interim dividend declared, same as last year [1] Earnings Estimates Revisions - **2025E**: Recurring earnings estimates revised down by 32% - **2026E**: Revised up by 8% - **2027E**: Revised up by 6% [2] Market Outlook - **Hog Market**: - Expected improvement in supply/demand fundamentals in 2026E due to better industry supply discipline - Anticipated hog price of Rmb16.5/kg in 2026E, up from Rmb14.7/kg in 1H25A [2][18] - **Poultry Market**: - Yellow-feather broiler margin is currently depressed, but improvements expected in 2026E as supply responds to producer feedback [2][33] Cost Management and Profitability - Wens is focusing on cost-cutting measures, including breeding development and optimizing feed formulation, which is expected to support unit profit in hog operations in 2026E [2][33] - Total unit cost for hogs reduced to Rmb12.5/kg in 1H25A, down Rmb1.9/kg year-on-year [20] Revenue Breakdown - **Total Revenue**: Rmb49.88 billion in 1H25A, a 6% increase from Rmb47.09 billion in 1H24A [28] - **Hog Revenue**: Rmb32.74 billion, up 16% year-on-year - **Chicken Revenue**: Rmb15.13 billion, down 9% year-on-year [30] Gross Profit Analysis - **Total Gross Profit**: Rmb6.89 billion, a 32% increase year-on-year - **Hog Gross Profit**: Rmb6.57 billion, up 125% year-on-year - **Chicken Gross Profit**: Rmb74 million, down 96% year-on-year [30] Valuation and Price Target - **Current Price**: Rmb18.19, with a 12-month price target of Rmb19.00, implying a 4.5% upside [1][2] - **P/E Ratio**: Current share price implies an 11x P/E on 2026E, within historical range of 10-20x [2] Risks and Challenges - **Hog Price Uncertainty**: Affected by domestic supply changes and imports [26][34] - **Operational Risks**: Including bio-security measures and disease control [26][34] - **Poultry Pricing Volatility**: Influenced by industry supply/demand dynamics and consumer preferences [26][34] Conclusion - Wens Foodstuff Group is navigating a challenging environment with depressed poultry margins but is expected to benefit from improving hog market conditions and effective cost management strategies. The current valuation reflects a cautious outlook on earnings growth in both the hog and poultry segments [33][37]
FirstFarms A/S’ interim financial report 1 January – 30 June 2025
Globenewswire· 2025-08-27 06:51
Core Viewpoint - FirstFarms A/S reported a pre-tax profit of 7 million DKK in the first half of 2025, despite challenges from a foot and mouth disease (FMD) outbreak affecting milk production and lower-than-expected prices in pig and crop production [1][9]. Financial Performance - The company's turnover decreased by 28 million DKK, with EBITDA down by 11 million DKK and EBIT down by 13 million DKK compared to the previous year [1][9]. - The pre-tax result was 12 million DKK lower than the same period last year [1]. Impact of Foot and Mouth Disease - The FMD outbreak in Slovakia led to the culling of 3,521 animals, significantly impacting operations and financial results [2][6]. - The construction of a dairy facility in Plavecky Stvrtok is temporarily on hold due to the FMD outbreak, with plans to resume in the second half of 2025 [2]. - The total positive impact on the value adjustment of pigs, cattle, and unharvested crops was 42 million DKK, while the negative impact from culling milking cows due to FMD was 35 million DKK, resulting in a net impact of 4 million DKK [4]. Future Expectations - The company expects to re-establish full milk production in Plavecky Stvrtok by Q4 2025, with a complete herd restoration anticipated by 2026 [7][8]. - Following the FMD outbreak, the company adjusted its expectations for the year's results downwards by 45 million DKK but later revised them upwards, anticipating subsidies of 40-55 million DKK [10][11]. Operational Developments - The company is focusing on the full re-establishment of milk production and aims to operate the rest of its production more efficiently and sustainably [11]. - Ongoing construction projects, including a silo expansion and irrigation system enhancement in Romania, continue despite the challenges faced [5].
粪肥还田要理顺各方关系
Core Viewpoint - The new "Technical Specifications for Returning Livestock Manure to Fields" implemented from August 1 aims to enhance resource utilization and address pollution from livestock farming while reducing chemical fertilizer usage [1][2] Group 1: Implementation and Benefits - The implementation of manure return can effectively solve pollution issues from livestock farming and decrease the reliance on chemical fertilizers [1] - A practical manure distribution system has been established where livestock farmers transport manure to storage pools located in fields, allowing crop farmers to easily access and utilize the manure [1] - This system benefits both livestock farmers, who can extend their facilities and increase storage capacity, and crop farmers, who save on fertilizer costs and have convenient access to manure [1] Group 2: Construction and Management of Storage Pools - Local authorities need to strengthen guidance on the construction of manure storage pools, ensuring that livestock and crop farmers sign comprehensive utilization agreements [2] - The construction of storage pools should consider factors such as terrain, transportation conditions, and environmental protection measures like odor control and water-fertilizer integration [2] - Agricultural departments must provide guidance during the manure application phase to control application rates and methods, preventing secondary pollution [2]
种植端发力,提高畜禽粪污资源化利用水平
Core Viewpoint - Resource utilization is a viable path to address pollution issues from livestock farming, but there are significant imbalances in crop and livestock integration in some areas, and the methods of resource utilization are not sufficiently scientific [1] Group 1: Factors Affecting Manure Disposal - Factors such as crop types, soil types, terrain, and climate significantly influence the disposal capacity of livestock manure [1] - In some regions, insufficient agricultural capacity leads to excessive application of manure, resulting in severe nutrient runoff and accelerating the eutrophication of receiving water bodies [1] - In mountainous and hilly areas, manure is often disposed of improperly, leading to localized nutrient excess while other areas lack sufficient nutrients [1] Group 2: Safety and Resource Utilization - With advancements in livestock farming technology, stricter requirements have been established for feed and additives, reducing heavy metals and antibiotics in manure, thus enhancing the safety of manure resource utilization [1] - The high nitrogen and phosphorus content in livestock manure should be prioritized for resource utilization [1] Group 3: Recommendations for Improvement - It is recommended that regions determine the minimum required planting area based on the least favorable conditions and enhance the capacity for manure disposal at the planting end [2] - Livestock manure can serve as a natural substrate for soilless cultivation, such as growing pig fodder; utilizing dry land for crops like corn to achieve integrated water and fertilizer management; and directing manure resources to greenhouse vegetable planting bases [2] - Overall, efforts should be made to improve the planting sector's capacity to absorb livestock manure through precise regional adjustments to enhance resource utilization levels [2]
FirstFarms A/S applies for regional subsidy and adjust the expectations upwards for the years result in connection with foot and mouth disease
Globenewswire· 2025-07-11 06:00
Core Insights - FirstFarms has the opportunity to apply for subsidies related to the outbreak of foot and mouth disease, which affected its farm in Slovakia, resulting in the culling of 3,521 animals [1] - The expected subsidy amount is between 40-55 million DKK, with 10 million DKK anticipated to impact profits in 2025 [2] - The company expects a positive reception for its subsidy application, which will allow for the recognition of some subsidies as income in 2025, leading to an upward adjustment in profit expectations for that year [3] Financial Expectations for 2025 - The updated expectations for 2025 include an EBITDA range of 85-125 million DKK, an increase from the previous expectation of 70-110 million DKK [4][8] - The EBIT expectation has also been adjusted to a range of 15-55 million DKK, up from the earlier forecast of 0-40 million DKK [4][8] - The adjustments reflect the company's ability to start production in 2025 and recognize subsidies as income once conditions are met [3]