baccaratsalon|农林牧渔2024年5月投资策略：看好生猪下半年景气上行 重点推荐养殖板块

Monthly key recommendation combination: focus on the recommended pig plate. The core is optimistic about Huatong shares (breeding cycle growth stocks with steadily falling costs)Baccaratsalon, Muyuan shares (cost continuous intensive breeding leader), Tiankang biology (agricultural and animal husbandry enterprises under Xinjiang bingtuan, obviously low valuation), pre-science biology (domestic non-compulsory immunity animal vaccine leader, non-plague vaccine research and development layout leading), Tang Renshen (veteran pig-raising enterprises, steady growth). The recommended logic of each subdivision plate: 1) Pig: pig cycle has entered the right side, and we are optimistic that the plate will rise in the second half of the year. The core elastic targets are Huatong shares, Tiankang biology, superstar agriculture and animal husbandry, Tang Renshen, New Wufeng, followed by Shennong Group, Jingji Zhinong, in addition, Muyuan shares, Wen's shares and so on have allocation value. 2) poultry: the early production capacity of yellow chicken has dropped, and it is expected to resonate synchronously with the reversal of pig prices in the future. Core recommendation: Lihua shares, etc. 3) Meat products: be optimistic about Shuanghui's high cash dividend. 4) seed industry: transgenic seeds fall to the ground, core recommendations: Fengle seed industry, Longping high-tech, Dabinong and sea seed industry, etc. 5) Animal protection: pay attention to the clinical progress and commercial landing of non-plague vaccine, stock short-term bias theme, core recommendation: pre-science biology, biological shares and so on. 6) bulk agricultural products: the supply of soybeans and soybean meal is becoming more and more loose, and the market is fluctuating downwards. New corn grain is confirmed to increase production, and short-term collection and storage is expected to support the bottom. Agricultural product price tracking: 1) Pig: the pressure of pig accumulation in April is released continuously. Pig price at the end of April 14Baccaratsalon.82 yuan / kg, down 3% month-on-month from the previous month. 559 yuan per piglet for 7kg piglets, up 13% month-on-month. 2) Poultry: supply maintains the bottom, while demand suppresses prices. At the end of April, the price of white chicken feathered chicken was 7.86 yuan / kg, up 2% month on month; on April 7, the price of yellow chicken feathered chicken was 15.87 yuan / jin, up 1% from the end of last month. 3) Soybean: the supply is loose and the price continues to decline. At the end of April, the spot price of domestic soybeans was 4357.37 yuan / ton, down 1% month on month. 4) Corn: the output of new grain increases and the price weakens. At the end of April, the domestic spot price of corn was 2324 yuan / ton, down 3% from the previous month. 5) White sugar: at the end of April, the spot price of sugar in Nanning, Guangxi was 6640 yuan / ton, down 3% month-on-month. April market: pet food and breeding after the cycle plate rose sharply. In April, the SW agriculture, forestry, animal husbandry and fishing index fell 0.76%, while the CSI 300 index rose 1.89%, and the sector outperformed the market by 2.65%. The top five stocks rose 28.49%, 25.97%, 22.55%, 21.03%, 13.58% respectively, followed by Guobao Pet, Petty shares, Andely, Azure Bio and Rip Bio. Investment suggestion: recommend breeding, seeds and meat products. 1) Pig recommendation: Huatong shares, Tiankang Biology, Tang Renshen, Superstar Agriculture and Animal Husbandry, New Wufeng, Shennong Group, Jingji Zhinong, Muyuan shares, Wen shares, etc.; 2) Poultry recommendations: Lihua shares, probiotics shares, Shengnong Development, etc. 3) seed industry recommendation: Fengle seed industry, Longping high-tech, Da Bei Nong, sea seed industry, etc. 4) recommendation of animal protection: pre-science biology, biological shares, Huisheng biology, Guobang medicine and so on. 5) Feed recommendation: Haida Group, etc. 6) recommendation of meat products: Shuanghui development, etc. Risk tips: risks caused by bad weather; potential risks caused by uncontrollable animal outbreaks. [disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.

[disclaimer] this article only represents the views of a third party and does not represent the position of Hexun. Investors operate accordingly, at their own risk.