farmbingo|猪价回暖 牧原股份4月商品猪销售均价再升3.9%
On the evening of May 6th, Muyuan shares (002714) took the lead in disclosing the sales report among the listed pig farming companies. Data show that since 2024, the price of commercial pigs has shown a warming trend.
Specifically, Muyuan shares sold live pigs 545 in April 2024.Farmbingo.000 head, with a sales revenue of 91.Farmbingo53 billion yuan, with sales revenue rising slightly compared with the same period last year and month-on-month. Among them, Muyuan shares sold 4.33 million commercial pigs, 1.05 million piglets and 70000 breeding pigs.FarmbingoMuyuan Co., Ltd. sells a total of 816000 live pigs to Muyuan Meat Co., Ltd., a wholly-owned subsidiary, and its subsidiaries.
The continuous rise in pig prices is good news for this issue of the sales briefing. According to the announcement, in April 2024, the average selling price of commodity pigs of Muyuan shares was 14.8 yuan / kg, up 3.93 percent from March 2024 and 4.22 percent from April 2023. From the point of view of the trend, the average sales price of commodity pigs of Muyuan shares has risen for three consecutive periods since December 2023.
"at present, the number of fertile sows in the industry has dropped to a reasonable range, and it is expected that industry prices will continue to pick up for some time in the future, and the level of pig prices in 2024 will be better than last year." Muyuan shares recently received research has released pig prices are expected to pick up. According to the company's analysis, according to the official data of the National Bureau of Statistics and the Ministry of Agriculture and Village, with the gradual appearance of the effect of pig production, the stock of breeding sows, the stock of medium and large pigs and the number of newborn piglets all showed a downward trend. the relationship between supply and demand in the pig market will further improve in the second quarter.
Muyuan shares is not an isolated case. Wen's shares (300498) said in the annual report that the overall supply of the pig industry is expected to decline in 2024, and the market situation is expected to improve gradually. Superstar Agriculture and Animal Husbandry (603477) said when receiving a survey at the end of April that the market had a reversal trend in 2024.
As proof, the first quarterly report just disclosed shows that although the pig farming industry as a whole is still in the midst of losses, the range of losses has significantly narrowed. According to Wind, the median net profit of the 10 companies included in the Shenwan pig farming index was 110 million yuan in the first quarter of 2024, much smaller than the loss of 450 million yuan in the same period last year.
It is worth noting that in March, the Ministry of Agriculture and Village revised the implementation Plan for the Regulation and Control of Pig production capacity, adjusting the national target for the normal number of breeding sows from 41 million to 39 million, and the lower limit for the normal fluctuation of the stock of breeding sows (green zone) from 95% to 92%. Industry insiders pointed out that this adjustment is very timely, which is conducive to the timely withdrawal of backward production capacity in the industry, and effectively prevent large fluctuations in pig production capacity.
Looking to the future, Li Xiaoyuan, an analyst at Everbright Securities (rights protection), recently released a research report that pig prices are more certain upward in the second quarter of 2024, upstream production capacity continues to shrink, and price suppressing factors such as superimposed average weight and frozen goods inventory are gradually digested. The slope of pig prices will be considerable. In the second half of 2024, pig prices will rise more smoothly as producers' behavior affects digestion, capacity gaps materialize, and demand picks up in the peak season.
However, although the market has a positive trend, but the overall mood of pig enterprises is "calm", less talk about pig prices when receiving research, and more discussion on pressure reduction costs and epidemic control. Wen's early speech is quite representative.FarmbingoAs far as the company is concerned, it will always be committed to improving the core competitiveness of the enterprise. I believe that after the reversal of the cycle, the company will be able to achieve more reasonable profits.