来源：市场资讯 （来源：博亚和讯） 春节期间生猪价格先涨后跌，节后跌破11元/kg；种鸡场挺价拉涨，肉鸡苗价格小幅上涨；鸡蛋价格跌 至2.8元/斤，淘汰鸡价格反弹；关税风波再起，节后国内豆粕稳中震荡；补库需求提振，华北玉米价格 小幅上涨；鱼粉市场高位运行；国内维生素E厂商密集涨价、赖氨酸报价坚挺……博亚和讯现将节日期 间畜牧市场、行业、企业重点信息进行汇总，供大家参考。 NEWS 市场动态 | ਸ਼ਾ 区 | 日前 | | 外三元生猪价格(元/kg) | | | 外三元.仔猪(元/kg.20kg体重) | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 2026年 | 2月14日 | 2月24日 | 趋势 | 2月14日 | 2月24日 | 趋势 | | 东北 | 黑龙江 | 11.51 | 10.71 | 7 | 24.55 | 24.55 | → | | | 吉林 | 11.45 | 10.60 | 7 | 24.51 | 24.51 | - | | | 辽宁 | 11.60 | 10.80 | 7 | 24.51 | 24.51 | -> ...

Group 1 - The core viewpoint of the article highlights the robust performance of Pakistan's marine fisheries sector, with seafood export volume reaching approximately 123,000 tons and export value exceeding $250 million, reflecting a year-on-year increase of 19.1% and 21.6% respectively for the first half of the fiscal year 2025-2026 [1][2] - The fisheries sector is a crucial pillar of Pakistan's marine economy, providing livelihoods for hundreds of thousands in coastal regions, particularly benefiting Sindh and Balochistan provinces [1] - The industry has gradually recovered by expanding processing capacity, improving cold chain logistics, and implementing strict international certification standards [1] Group 2 - The export product mix is diverse, with frozen fish as the core export category, accounting for approximately 27,000 tons and over $53 million in export value; shrimp products follow as the second-largest category with an export value exceeding $40 million [1] - Other contributing products to export value growth include shrimp meal, crab, sardines, mackerel, flounder, and fish meal, indicating a trend towards diversification in the seafood value-added processing sector [1] - China remains the largest seafood export market for Pakistan, with imports exceeding 83,000 tons and an import value of around $150 million, representing nearly 59% of Pakistan's total seafood export value during the period [2]

鱼粉作为优质高蛋白水产养殖饲料原料，是通过去除鱼类或鱼排中大部分水分及部分或全部油脂制成的棕色 粉末或饼状物料。其富含优质蛋白质、脂质、矿物质及维生素等营养成分，广泛应用于水产养殖系统、家畜 日粮配制，亦可作为高端有机肥料使用。 据QYResearch最新行业调研报告数据，2031年全球鱼粉市场规模预计将攀升至82.22亿美元，2025-2031年期间 年复合增长率（CAGR）稳定维持在3.1%，市场整体呈现稳步增长态势。 第三，市场价格强势复苏叠加利润修复，激活产业链全环节活力。2025年鱼粉市场行情实现实质性反转，价 格中枢持续上移。以秘鲁超级鱼粉为例，其中国市场年末报价较年初上涨约4000元/吨，外盘价格同步从1750 美元/吨攀升至2250美元/吨。价格上涨背后，核心支撑因素包括国产鱼粉产能释放不及预期、进口鱼粉港口库 存持续走低至历史相对低位——2025年10月国内进口鱼粉港口库存同比降幅达30%。市场格局从此前的"亏损 对冲"阶段全面转向"盈利修复"阶段，不仅提振了上游生产商、中游贸易商的经营信心，也推动下游饲料企业 提前启动旺季库存补充，进一步放大市场需求活力。 二、行业发展核心阻碍 一、市场核 ...

Group 1 - The price of fish meal in the main market remains high, with prices reaching 17,000-18,000 yuan/ton, a significant increase of 5,000 yuan/ton from the beginning of the year [3] - The auction for imported soybeans has resumed, with a total transaction volume of 397,043 tons and a high transaction rate of 77.5%, indicating strong demand [5] - The average auction price for soybeans was 3,935.3 yuan/ton, showing a price advantage compared to currently imported soybeans [5] Group 2 - In December, multiple feed companies have raised prices for shrimp and crab feed by 300-500 yuan/ton, reflecting the rising costs of raw materials [6][10][13] - The price adjustments for livestock feed have also been widespread, with companies like New Hope and Chia Tai announcing increases ranging from 50 to 175 yuan/ton [39][44][50] - The price hikes are attributed to the continuous rise in raw material prices, particularly corn and soybean [39][50][58]

Core Insights - Chancay Port celebrated its first anniversary as a new hub in the South Pacific, handling over 270,000 TEUs and 289 vessels, with 67% being container cargo and 33% general cargo [1] - The port's foreign trade volume reached $1.88 billion, with imports at $1.161 billion and exports at $718 million during the same period [1] - The port collected 821.6 million soles in customs duties from January to October 2025, with key trade products including minerals, fishmeal, avocados, grapes, and blueberries for exports, and heavy machinery, solar panels, appliances, and grains for imports [1] Investment and Economic Impact - The first phase of investment totaled $1.3 billion, creating 7,500 jobs during construction and 830 jobs during operation [2] - Real estate values in the region have increased more than threefold due to the port's development [2] - A social development fund was established to allocate 20% of customs revenue from the province to address infrastructure and public service gaps [2] Future Outlook - The port aims to solidify its position as a regional trade center and national development engine, with plans to improve connectivity in the next phase [2] - Transportation time between Peru and Asia has been reduced by 10 to 15 days, enhancing the competitiveness of Peruvian products and lowering import costs [2] - Total cargo volume is expected to reach 352,591 TEUs by the end of 2025, surpassing the initial target of 350,000 TEUs [1]

Core Viewpoint - The recent increase in fish meal prices from 12,000 to 17,000 and the rise in fish oil prices have prompted investor inquiries regarding the production capacity of fish meal and fish oil by the company [1] Company Production Capacity - The company stated that the production of fish meal and fish oil is highly resource-dependent, with output influenced by various dynamic factors [1] - The annual production capacity of the company's fish meal plants is approximately 10,000 to 20,000 tons, while the annual production capacity for fish oil is around 2,000 to 4,000 tons [1] Industry Factors - The primary raw materials for fish meal and fish oil come from marine fish, and the catch volume is significantly affected by global fishery resource distribution, seasonal fishing changes, and local fishing bans [1] - The fluctuation in the fat content of raw fish directly impacts the extraction efficiency of fish oil and the final output [1]

Core Insights - The opening of Chancay Port has significantly boosted regional economic development, with a total container throughput exceeding 270,000 TEUs and handling of bulk cargo reaching approximately 1.36 million tons since its opening [1] - The port has facilitated a substantial increase in trade, with export and import values reaching $603 million and $984 million respectively in the first nine months of the year, generating tax revenue of about 6.97 billion Peruvian Soles [1] Group 1: Operational Efficiency - Chancay Port has entered a phase of efficient operation, becoming a hub for the new Asia-Latin America maritime corridor [1] - The direct shipping route from Chancay to Shanghai has enabled fresh blueberries to reach Shanghai in just 31 days, a reduction of 13 days compared to previous times [4] - The port has established a multi-modal shipping system, supporting various types of cargo including containers, roll-on/roll-off vehicles, and hazardous materials [5] Group 2: Trade Growth - The "Chancay-Shanghai" shipping route has seen a total of 15,400 tons of goods with a value of 3.97 billion yuan in the first three quarters, with a year-on-year increase of 56.9% in trade value from Shanghai to Peru [5] - The port has become a key entry point for Chinese brands into the Peruvian and Latin American markets, with over 12,000 vehicles shipped [5] Group 3: Network Expansion - New shipping routes have been established, including a branch line to Arequipa, significantly reducing transportation distances for goods from Brazil [8] - The port's service network now extends to multiple Latin American countries, enhancing its role as a regional distribution center [9] Group 4: Technological Advancements - Chancay Port is equipped with advanced automated and smart port facilities, enhancing operational efficiency and attracting businesses to shift their supply chains [10] - The port has achieved significant milestones, including record unloading volumes and the establishment of new shipping lines to various Latin American countries [10] Group 5: Future Prospects - The opening of Chancay Port and the "Chancay-Shanghai" direct shipping route have optimized the logistics supply chain between China and Latin America, with expectations for further deepening of maritime cooperation [11]

Core Viewpoint - The company has undergone significant changes in its financial performance, with a notable increase in revenue and a substantial turnaround in net profit, driven by improvements in various business segments and strategic operational adjustments [2][6][7]. Financial Performance - The company reported a revenue of 17.407 billion yuan for the first half of 2025, representing a year-on-year increase of 16.27% [2]. - The net profit attributable to shareholders reached 233 million yuan, marking a significant turnaround from losses in the previous year, with a year-on-year increase of 784.44% [6][7]. - The net cash flow from operating activities was -512 million yuan, indicating a substantial increase in cash outflow compared to the previous year [15]. Business Segments - The main business segments include feed and feed raw material trading, poultry, and pig farming, with no major changes in the core business structure [4][6]. - The feed raw material trading segment achieved a net profit of 62 million yuan, contributing positively to the overall profitability [8][12]. - The pig farming segment saw a significant increase in output, with 840,000 pigs sold, a 42.37% increase year-on-year, leading to improved profitability [13]. Operational Adjustments - The company has optimized its procurement strategies, enhancing its ability to capitalize on market opportunities and improve profit margins [9][10]. - Sales structure improvements have been made by expanding customer bases and enhancing sales quality, which has positively impacted overall revenue [10][11]. Investment Income - The company reported investment income of 104 million yuan, an increase of 77 million yuan compared to the previous year, primarily due to significant profit growth from associated companies [14]. Cash Flow and Borrowing - The company experienced a significant increase in short-term borrowings, rising by 239.51% to 1.925 billion yuan, primarily due to business expansion and acquisitions [38]. - The increase in cash outflow from operating activities was attributed to rapid business growth and changes in procurement and sales credit policies [15][40]. Inventory Management - The company's inventory reached 4.414 billion yuan, a year-on-year increase of 61.21%, largely due to acquisitions in the poultry business [42].

Core Viewpoint - The company anticipates a significant decline of approximately 40% in both HEPS (Headline Earnings Per Share) and overall earnings for the current financial period, primarily driven by fluctuations in the fishmeal and fish oil markets [2]. Industry Insights - The fishmeal and oil market has experienced notable volatility, particularly in fish oil prices, which has adversely affected the company's financial results [3]. - Peru, as the largest global producer of fishmeal and fish oil, contributes around 35% to 40% of the world's supply, significantly influencing pricing and supply dynamics in the commodity market [3].

Core Insights - The establishment of the smart green port in Peru, known as the Chancay Port, marks a significant milestone in enhancing trade efficiency between Asia and Latin America, particularly benefiting Peru's economy and employment [1][2][4] Group 1: Economic Impact - Chancay Port has already shown a positive impact on Peru's economy, with a reported container throughput of 94,400 TEUs and bulk cargo of 626,900 tons in the first five months of the year [1] - The port is projected to generate $4.5 billion in annual revenue and create over 8,000 direct jobs, with more than 600 workers already employed [3] Group 2: Trade Efficiency - The direct shipping route from Chancay to Shanghai has reduced shipping time from approximately 33 days to 23 days, resulting in a 20% decrease in logistics costs [2] - The port has facilitated a significant increase in exports, particularly in the fishing industry, with fishmeal exports rising by 605.3% year-on-year [2] Group 3: Regional Connectivity - Chancay Port has established six shipping routes, including three main lines and three branch lines, connecting to neighboring countries such as Colombia, Chile, and Ecuador [3] - The port is expected to become a new regional hub in Latin America, promoting prosperity in surrounding nations [4]