In this regard, analysts said that in addition to the possibility of secondary fattening, the main reason is that the current feed cost continues to rise, which brings great pressure to the operation of enterprises below the waist. These enterprises can only sell pigs in advance to withdraw funds, giving the market some profit space. If feed prices continue to rise, we should consider releasing grain reserves to help the majority of pig farmers.
The monthly sales of head enterprises increased month by month.
According to the monthly sales report of 5438+ 10, the average selling price of commercial pigs in Mu Yuan was 26.05 yuan/kg, up 12.97% from the previous month, and the sales revenue was149.37 million yuan, up 24.9% from the previous month. The average selling price of Wen's pigs was 26.69 yuan/kg, up 1 1.72% from the previous month, and the sales income was 5.474 billion yuan, up 18.69% from the previous month. Tang Renshen pig sales revenue totaled 594 million yuan, up 65,438+03.95438+0% from the previous month. The average selling price of Lihua live pigs was 27. 10 yuan/kg, up 1 1.3 1% from the previous month, and the sales income was 654.38+74 million yuan, which was the same as that in September.
In a telephone interview with reporters, the staff of Shi Wen Co., Ltd. said that the company is operating steadily, and it will not sell without pressure. According to the requirements of market regulators, the standard pigs for slaughter are mainly120kg. Pigs of this weight are suitable to be slaughtered directly as white meat in slaughterhouses, and are not suitable for free-range farmers to take them for secondary fattening. Employees of Muyuan, Lihua and Tang Renshen also expressed similar views.
Mao Tengjiang, the principal researcher of Tengjiang Investment 1 1.8, analyzed in an interview with reporters. The monthly report data shows that the head enterprises in the hog sector have good operating benefits, and can seize the business opportunities in the current spot market of pigs, actively increase the amount of slaughter, and create value for shareholders while maintaining the stable expectations of the consumer market.
Enterprises with shrinking ensp may face the pressure of feed cost.
The reporter noted that in addition to the above-mentioned enterprises, the monthly sales reports of many enterprises showed that the sales volume of live pigs dropped sharply from the previous month, and the sales revenue shrank sharply from the previous month. Do such enterprises have the problems of reluctance to sell and secondary fattening?
The reporter called three companies whose sales volume and sales volume decreased month-on-month, and the other party said that they were unwilling to be interviewed, and said that the contraction of the chain was mainly caused by the production plan.
In this regard, Mao Tengjiang analyzed the shrinking enterprises, and found that the enterprises with shrinking production and sales volume are mainly enterprises below the waist of the pig sector. These enterprises have many historical debts, small business scale and tight cash flow. The financial statements of the third quarter show that the serial losses are not profitable, and there is still great pressure on the operation. It is very unwise for such shrinking enterprises to gamble on the future market, engage in secondary fattening and refuse to sell. At present, the monthly contract of live pig futures has been upside down, and investors in the futures market are bearish on the future price of live pigs. By the time the above-mentioned enterprises fatten pigs for the second time, they may have missed the opportunity to turn over. I tend to think that the above-mentioned' shrinking' enterprises are more likely to kill pigs in advance and give up part of the market profits to other pig breeding enterprises. Take the initiative to withdraw cash flow through early slaughter.
Li Binbin, a big data analyst at Huinong, said. Com, expressing support for the above viewpoint. He analyzed the reasons for the shrinkage: since the beginning of this year, major feed factories have continuously raised the price of pig feed for as many as 13 times, which has caused certain operating pressure on downstream pig breeding enterprises. After calculation, pig breeding enterprises with high feed-to-meat ratio found that it was unprofitable and even had the risk of losing money, so they could only take decisive measures such as reducing the scale of breeding and slaughtering pigs in advance to cut off losses and retain funds.
He added that the increase in feed prices is not only caused by high temperature and dry weather, but also influenced by monetary policy, epidemic prevention and control, geopolitical conflicts, energy shortage and other factors, which are difficult to subside in a short period of time. This is a big test for the whole pig plate. The leading enterprises in the pig sector have advanced breeding technology and efficient management, and have opened up the upstream and downstream industrial chains. Facing the test, the head enterprises are more resilient, which is reflected in the market structure of "survival of the fittest, strong and strong", which is the main reason for the differentiation of pig sales income of 10 listed pig enterprises.
Li Binbin said that although the leading enterprises in the field of live pigs are strong, pig breeding is an industry with highly dispersed production capacity, which is closely related to people's livelihood and employment. If the feed price remains high, the pressure will shift from the feed end to the consumption end. It is suggested that the national grain reserves should be gradually released and put into the feed market to ease the operating pressure of farmers.