Investment Rating - The industry investment rating is "Maintain Overweight" [3] Core Viewpoints - The agricultural sector is experiencing a strong trend towards high-yield, densely planted varieties, particularly in hybrid corn, with MY73 maintaining the top position in terms of planting area at 20.97 million acres, showing a slight increase from last year [1][10] - In the pig farming sector, the average selling price of lean pigs is 12.44 yuan/kg, down 3% from last week, indicating a continued low valuation in the market [2][11] - The poultry sector shows mixed trends, with white feather chicken prices rising by 0.3% to 6.9 yuan/kg, while chicken product prices remain stable at 8.65 yuan/kg [11][31] - The introduction of genetically modified varieties is expected to enhance the growth potential of industry companies, with commercial sales anticipated to begin following the public announcement period [11][12] Summary by Sections Agricultural Data Tracking - The average selling price of lean pigs is 12.44 yuan/kg, down 3% from last week, while the average wholesale price of pork is 19.42 yuan/kg, down 0.3% [12][20] - The price of 15kg piglets is 23.98 yuan/kg, down 4.7% week-on-week [19][23] Pig Farming - The self-breeding profit per head is -74.11 yuan, a decrease of 49.66 yuan from last week, while the profit from purchasing piglets is -236.57 yuan, down 37.25 yuan [16][17] - The average weight of slaughtered pigs remains stable at 89.07 kg [19][21] Poultry Farming - The price of meat chicken seedlings has increased by 4.4% to 3.29 yuan each, while the price of parent chicken seedlings has decreased by 0.4% to 43.19 yuan/set [26][29] - The profit from parent chicken breeding is 0.54 yuan each, up 0.14 yuan from last week, while the profit from meat chicken breeding is -2.22 yuan each, down 0.66 yuan [36][37] Crop Prices - Domestic corn prices have risen by 0.2% to 2365.29 yuan/ton, while soybean meal prices have decreased by 0.4% to 3019.71 yuan/ton [45][67] - The price of domestic wheat is 2436.28 yuan/ton, also up by 0.2% [47] Market Trends - The agricultural sector has underperformed compared to the CSI 300 index, with a decline of 1.97% [7][8] - The overall market sentiment indicates a potential recovery in chicken prices following emotional adjustments in the market [11][12]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002299 证券简称：圣农发展 公告编号：2025-054 福建圣农发展股份有限公司 第七届董事会第十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或者重大 遗漏。 大宗原料玉米、豆粕等是公司经营相关的主要原材料，为降低原材料价格波动对公司经营业绩的影响， 提升公司整体抵御风险的能力，公司拟以自有资金最高不超过10,000万元（不含标的实物交割款项）开 展商品期货套期保值业务。公司编制的《关于开展商品期货套期保值业务的可行性分析》作为议案附件 与本议案一并经本次董事会审议通过。 具体内容详见公司于2025年9月27日在公司指定信息披露媒体《证券时报》、《中国证券报》、《上海 证券报》、《证券日报》或巨潮资讯网（www.cninfo.com.cn）披露的《福建圣农发展股份有限公司关 于开展商品期货套期保值业务的公告》（公告编号：2025-055）。 二、审议通过《关于修订〈商品期货套期保值内部控制制度〉的议案》。表决结果为：9票赞成，0票反 对，0票弃权。 根据《中华人民共和国证券法》、《中华人民 ...

网络上，有三个传说：没有一只鸭，能活着走出南京；没有一只兔子，能活着蹦出四川；没有一只羊，能活着离开新疆…… 如果非要加上第四个，那么，肯定非下面这句莫属了： 没有一只鸡，能端着架子，走出沈阳。 沈阳人到底有多爱吃鸡架呢？ 1978年，考古学家们在沈阳新乐遗址（原始社会母系氏族公社时期）出土一件极为罕见的木雕艺术品——木雕鸟。 沈阳太阳鸟雕塑 不过，沈阳人给这个雕塑取了个更接地气的名字：烤鸡架。 因为，鸡架是沈阳人最喜爱的美食。 沈阳人到底有多爱吃鸡架呢？ 他们甚至搞了一个沈阳鸡架美食文化节。 "2024沈阳鸡架美食文化节"吸引众多游客前来品尝鸡架 在纪录片《宵夜江湖》中，沈阳被定义为"鸡架消耗量最大的城市"。 根据当地媒体报道，沈阳市每年的鸡架消费超过了3亿只，约占到全国一半的鸡架消费数量，是不折不扣的"鸡架之都"。 鸡架是真正属于沈阳人的"市井美食"，吃面喝啤酒，再配一份鸡架，才是会吃的沈阳人。 无论远行之前，还是归乡之后，吃上一份鸡架，是很多沈阳人的仪式感。 聚会可以吃，刷剧可以吃，看球可以吃……任何场合，任何氛围，鸡架永远是沈阳人专宠的"美食伴侣"。 爱吃鸡架的沈阳人，还建造了一座"鸡架博物馆"，不仅 ...

齐鲁晚报.齐鲁壹点杜晓丹通讯员由佳牟奎南 秋分时节，金风送爽。9月23日，全国农民丰收节主场活动在烟台招远举行。在这场集中展现全国农业发展成果的盛会中，烟台白羽肉鸡产业链展台前人 气十足，鸡肉滑、鸡米花、卤味鸡胗等琳琅满目的白羽肉鸡产品整齐陈列，彰显了烟台白羽肉鸡产业的蓬勃生机与深厚底蕴。 中端强化龙头引领，推动集群发展。依托本地畜牧产业基础，烟台重点培育龙头企业，形成"龙头带动、链条延伸、集群发展"的产业格局。目前，全市拥 有益生股份（002458）、民和股份（002234）、仙坛股份（002746）、春雪食品（605567）4家白羽肉鸡上市企业，占全国白羽肉鸡上市企业总数的4/5， 上市企业数量位居全国地级市首位。同时，集聚国家级农业产业化重点龙头企业5家、省级重点龙头企业6家，产业引领力显著增强。依托肉鸡产业的核心 带动，饲料、兽药、加工等配套产业同步快速发展，累计培育相关企业百余家，形成"主业突出、配套完善"的产业生态，让从鸡苗到各类鸡肉制品的生产 环节紧密相连、高效运转。 末端提升价值内涵，打造优质品牌。烟台高度重视肉鸡产品品牌建设，通过品质提升、标准制定、品牌培育，不断挖掘产品附加值，塑造优质品牌 ...

Investment Rating - The report maintains a "Recommended" rating for the agricultural, forestry, animal husbandry, and fishery industry [1] Core Viewpoints - The report emphasizes the ongoing adjustment in the pig industry, highlighting the potential for value reassessment due to production capacity control and low-cost performance realization [3][16] - The poultry sector is expected to see improvements in fundamentals, with a focus on the white feather chicken breeding segment and price trends [4][29] - The animal health sector is witnessing a competitive landscape improvement and technological innovation, with several new products receiving clinical approval [5][37] - The pet economy is thriving, with domestic brands rapidly emerging, indicating sustained profitability improvements in the sector [9][59] Summary by Sections Pig Industry - Continuous deepening of pig price control measures is noted, with a focus on maintaining prices within a reasonable range [3][16] - Current average pig price is 13.15 yuan/kg, with a slight weekly decline [15] - Recommended companies include Muyuan Foods and Wens Foodstuffs, with ongoing recommendations for Juxing Agriculture and Shennong Group [3][16] Poultry Industry - The white feather chicken breeding segment shows potential for improvement, with significant updates in breeding stock [4][29] - Current prices for white feather chicken and related products are stable, with slight fluctuations noted [27][28] Animal Health Industry - The competitive landscape is improving, with notable profit differentiation among leading companies [5][36] - Several new vaccines have received clinical approval, marking significant advancements in the sector [5][37] Planting Industry - Prices for corn and soybean meal have shown a week-on-week decline, with ongoing commercialization of genetically modified seeds benefiting early adopters [7][42] Feed Industry - Feed prices are experiencing fluctuations, with a noted increase in production volume [8][48] - Recommended companies include Haida Group, with a focus on rising industry concentration [8][49] Pet Industry - The pet market is projected to reach 300.2 billion yuan in 2024, with a notable increase in consumer spending on pets [9][58] - Recommended companies in the pet food sector include Guobao Pet and Zhongchong Co., with a focus on the growing pet medical segment [9][59]

Core Viewpoint - The poultry industry is experiencing a recovery in chicken prices, particularly for white-feathered and yellow-feathered chickens, driven by supply adjustments and improved profitability for farmers [1][2][3]. Group 1: White-feathered Chicken - In August, the average price of chicken seedlings was 3.29 yuan per chick, down 4% year-on-year but up 133% month-on-month; the average price of meat chickens was 7.17 yuan per kilogram, down 6% year-on-year but up 9.9% month-on-month [1]. - The reduction in chicken supply in August, along with distributors actively stocking up for the school season, has provided strong support for chicken prices, leading to significant improvements in farmer profitability [1]. - The overseas breeding volume has significantly decreased since the beginning of the year, and it is expected that the supply of parent meat chicken seedlings will be tight in the second half of 2025, which will also affect the supply of commercial meat chicken seedlings in 2026 [1][3]. Group 2: Yellow-feathered Chicken - In August, the average price of fast-growing chickens was 5.11 yuan per pound, down 3.3% year-on-year but up 30% month-on-month; the average price of snow mountain grass chickens was 8.51 yuan per pound, down 3% year-on-year but up 32% month-on-month [2]. - The supply of yellow-feathered chickens remains relatively abundant, but most farming entities have reported losses by mid-year, leading to expectations of accelerated elimination of outdated production capacity [2]. - As supply and demand conditions improve, yellow chicken prices have rebounded, and high-quality production capacity has turned profitable [2][3]. Group 3: Industry Outlook - The demand for quality parent chicken seedlings is expected to remain strong in 2025, despite an increase in imports of grandparent breeding chickens in 2024 [3]. - The current inventory of parent breeding chickens is at a historically low level, and the ongoing industry losses have set the stage for future price increases [3]. - Long-term prospects for the ice-fresh yellow-feathered chicken market remain promising due to changing consumer habits, the implementation of sales bans, and economic recovery boosting consumption [3].

Investment Rating - The industry rating is "Outperform the Market" [5] Core Insights - The report highlights the coexistence of low pig prices and policy adjustments, indicating that capacity reduction may gradually become evident in the swine breeding sector. The average price of live pigs was 12.69 CNY/kg as of September 19, reflecting a week-on-week decrease of 0.66 CNY/kg. The utilization rate of fattening barns has declined, averaging 40.12% across 17 provinces, down 4.82 percentage points from August 31 [2][10][33]. - In the beef sector, prices for calves and fattening bulls remained stable at 32.44 CNY/kg and 25.97 CNY/kg respectively, with year-to-date increases of 35% and 10%. The long-term outlook suggests tightening beef supply, with a potential price upturn expected in 2026-2027 [3][35]. - The poultry sector is experiencing weak performance, particularly in the white-feathered chicken market, where prices have decreased to 6.88 CNY/kg. The ongoing avian influenza outbreaks may further restrict upstream production capacity [4][41]. - In the agricultural products segment, soybean meal prices have faced downward pressure due to fluctuating market expectations regarding U.S.-China trade negotiations. As of September 19, soybean meal futures were priced at 3014 CNY/ton, down 65 CNY/ton week-on-week [4][55]. Summary by Sections Swine Breeding - Continued supply pressure has led to a decline in pig prices, with a current average of 12.69 CNY/kg. The utilization rate of fattening barns has dropped to 40.12% [2][10]. - The average weight of pigs at slaughter has increased slightly to 128.45 kg, indicating a strong outflow from larger farms [20][33]. - The price of piglets has reached a yearly low, averaging 259 CNY/head, down 11% week-on-week [27][33]. Beef Industry - The beef market is stabilizing after recent price increases, with expectations of tightening supply leading to a potential price upturn in 2026-2027 [3][35]. - Current prices for calves and fattening bulls are stable, reflecting a recovery trend in the market [35]. Poultry Sector - The white-feathered chicken market is underperforming, with prices at 6.88 CNY/kg. The ongoing avian influenza situation may further impact production capacity [4][41]. - Egg prices have fluctuated, recently peaking at 8 CNY/kg before settling at 7.92 CNY/kg [4][41]. Agricultural Products - Soybean meal prices have been volatile, influenced by U.S.-China trade negotiations, with current prices at 3014 CNY/ton [4][55]. - The report emphasizes the importance of monitoring weather conditions and trade policies affecting soybean imports [4][55].

Investment Rating - The industry is rated as "Maintain Buy" [3] Core Viewpoints - The pig price has rapidly dropped below 13 yuan/kg, leading to a decrease in self-breeding and self-raising profitability to -24.44 yuan/head, a reduction of 41.29 yuan/head from the previous week. The high supply pressure is expected to continue to weigh on pig prices. The average weight of pigs has increased to 128.45 kg, up 0.5% from the low point in early August. The feed data shows a month-on-month increase in fattening feed prices of 5.6%, 6.6%, and 5.8% from June to August. The government is expected to implement policies to stabilize production and limit breeding in response to the price pressure [1][13][14] - The average selling price of lean meat pigs nationwide is 12.82 yuan/kg, down 3% from last week, while the average wholesale price of pork is 19.48 yuan/kg, down 2% [2][15] - The poultry sector shows mixed results, with the price of white feather chickens at 6.88 yuan/kg, down 2%, while chicken product prices remain stable at 8.65 yuan/kg. The price of meat chicken seedlings is 3.15 yuan each, down 3.1% [14][31] - The planting and agricultural products sector is expected to benefit from the commercialization of genetically modified varieties, with potential growth opportunities for industry companies [14] - The livestock support sector is experiencing increased price volatility, with leading feed companies likely to replace smaller competitors due to their advantages in procurement, scale, and capital [14] Summary by Sections Pig Farming - The average selling price of lean meat pigs is 12.82 yuan/kg, down 3% from last week [15] - Self-breeding and self-raising profitability is -24.44 yuan/head, down 41.29 yuan/head from the previous week [19] - The average weight of pigs has increased to 128.45 kg, showing a recovery trend [13] Poultry Farming - The price of white feather chickens is 6.88 yuan/kg, down 2% [31] - The price of meat chicken seedlings is 3.15 yuan each, down 3.1% [29] - The average price of chicken products remains stable at 8.65 yuan/kg [31] Agricultural Products - The commercialization of genetically modified varieties is expected to enhance growth potential for industry companies [14] Livestock Support - Leading feed companies are expected to gain market share over smaller competitors due to their advantages [14]

Group 1 - The company, Minhe Holdings (002234), primarily produces commodity broiler chicks and chicken products [1] - Chicken products include chicken parts processed after slaughter and deep-processed cooked food and prepared dishes mainly based on chicken [1] - The cooked food and prepared dishes are available for sale on online platforms such as Tmall, WeChat Mall, and Douyin Live [1]

Core Viewpoint - The article highlights the development of five key agricultural industries in Zhaoqing's Gaoyao District, focusing on the integration of modern agricultural practices and the establishment of a comprehensive agricultural industry chain to boost local economic growth and improve farmers' incomes [8][9][10]. Group 1: Key Agricultural Industries - The five distinctive industries include high-quality shrimp, ducks, geese, and cinnamon, which are pivotal in driving local economic development and enhancing the livelihoods of farmers [9][10]. - The annual output value of the high-quality shrimp industry is projected to exceed 70 billion yuan, with farmers earning an average annual income of over 200,000 yuan [15][16][36]. - The high-quality duck industry aims to produce 1 billion ducks, with an expected annual output value surpassing 55 billion yuan [60][66]. Group 2: Agricultural Practices and Innovations - Gaoyao has adopted an ecological model for shrimp farming, integrating cinnamon into the feed to enhance shrimp health and reduce disease, which has led to a significant increase in survival rates and reduced farming cycles [24][26]. - The district has established a digital platform for the entire shrimp industry chain, improving market access and efficiency in sales [27][29]. - The rice cultivation area spans over 498,000 acres, with an average yield of 882 pounds per acre, making it a crucial rice-producing region in the Pearl River Delta [38][54]. Group 3: Economic Impact and Future Goals - The comprehensive output value of the high-quality goose industry has reached 51.6 billion yuan, with plans to enhance processing and distribution capabilities [73][76]. - The cinnamon industry occupies 20% of the national planting area and accounts for over 50% of the country's cinnamon exports, generating significant foreign exchange earnings [90][92]. - Future projections indicate that the combined output value of the high-quality goose and duck industries will continue to grow, with targets set for 2025 and beyond [66][80].