The income of meat chicken companies recovers, and the industry may have entered a new rising cycle

China Commercial Daily (Reporter Ma Jia) "The price of chicken wings and chicken feet has exceeded 20 yuan/jin, 2 catties and 40 yuan, which is much more expensive than the previously bought." Workers are bargaining with merchants selling chicken products, but the merchants have never reducing their prices.

Recently, a reporter from China Business Daily found that the prices of chicken legs, chicken breasts, chicken wings and other chicken products have quietly risen, and the income of meat chicken companies such as Xiantan Co., Ltd., Shengnong Development, Proboteters, etc. also increased significantly in August this year. Has the long -lasting meat chicken market ushered in an inflection point?

Chicken products rose one or two yuan a pound

"Recently, the price of chicken wings has risen more obvious." Some merchants told a reporter from China Business Daily that the cost of ice chicken products is very low, and the price of a pound of chicken is 1 to 2 yuan more expensive than before. "Because the purchase price has risen, the price of the sales end has risen."

"Compared with the prices of the previous month, the previous quarter, and the previous year, the price of chicken products has indeed risen." The staff of Yonghui Supermarket admitted that when the price of chicken products was cheap last year, it was almost lower than the price of vegetables. However Sales have not increased much. Although the price of chicken products has risen, sales are better.

"Eating chickens is expensive because the value of meat chickens has risen." Xiangjia's shares said that the price of ice chicken products will change with the price of living birds. Generally speaking Transmit to the sales terminal around the month.

According to data released by the commodity analysis agency, the average transaction price in front of the national shed in August this year was 4.62 yuan/catties, an increase of 12.68%year -on -year. The average price of broilers in August is still at a high level. In this regard, Wang Xinyu, a chicken analyst at the Shanghai Steel Union Agricultural Products Division, said that in terms of cost, meat chicken feed has been in the rise range after the year, and meat chicken feed accounts for about 70%of the cost of breeding of meat chickens, and the meat price has been very high for the year; in terms of supply; in terms of supply; In the main producing area, pork chickens have always showed the alternate situation of staged full amount and lack of phased. The relatively insufficient supply causes the price of meat chickens to fluctuate at a high level. In addition, the price of pigs rose to a certain extent.

Corporate revenue gradually recovers

The rise in the price of broilers in August this year has been reflected in the company's financial report data. According to incomplete statistics from the China Business Daily, as of now, the listing companies of the five broilers have successively released sales briefings in August. With the decline in meat chicken sales, corporate revenue has increased.

In August of this year, Probiotics sold 46.1865 million chicken seedlings, a decrease of 4.0286 million feathers from July, with revenue of 14.3307 million yuan, an increase of 19.8456 million yuan from July. Thousands of feathers, income of 50.9824 million yuan, an increase of 14.67 million yuan from July; Wen's shares sold 9650,700 pheasant, with revenue of 3.319 billion yuan, an increase of 385 million yuan from July.

"In August this year, the average profitability of meat chickens was 2.37 yuan/piece, which is still at a good level of breeding profit." Wang Xinyu said that year -on -year, the price of hair chicken is expected to show a relatively high price in the fourth quarter of this year.

In terms of probe shares, according to the seasonal consumption rules of chicken products, good factors such as barbecue season, school opening, and National Day holidays are conducive to the rise in the price of broiler, which drives the price of chicken seedlings for commercial chicken seedlings.

In terms of Shengnong's development, with the gradual recovery of the downstream catering industry and the advent of the peak consumption season, the company's chicken sales price continued to increase in July in August. At the same time, the cost of procurement price, thermal insulation, and drug expenses of the company's raw materials has also declined. Driven by the increase in prices and the decline in cost, the company's profit level continued to increase in August.

Is the industry turning point?

It should be noted that the meat and chicken deposit column in 2020 and 2021 is at a high level, affected by overcapacity, and the industry continues to be sluggish. Tianfeng Securities Research reported that the "grinding bottom" of the meat chicken industry has been over two years, and its production capacity has continued to de -decline, which is expected to usher in cyclical reversal.

"The meat chicken industry is currently entering a new cycle." Wang Xinyu said that the sources of chickens in the meat chicken market are relatively lacking. After March this year, the price of meat chicken has been in high level. In the future, the resonance effect of the cost of meat chicken feed and the price of pigs will continue to affect the meat and chicken industry and push the price of meat chicken, which can be regarded as a new industry cycle.

In terms of beneficial shares, the supply of meat chickens has been significantly reduced year -on -year in terms of supply. In terms of demand, chicken consumption has grown. Overall, the market conditions of white feathers and chicken seedlings in the second half of this year will be significantly better than the first half of the year.

It is worth noting that at present, the expansion of the production of slaughtering companies will continue to promote the price of meat chickens. For example, the leading company in Linyi, Shandong, has a plan to build a new production line in the fourth quarter of this year; the largest broiler slaughter project in the largest elephant agriculture, animal husbandry food in Shanxi Province; 150 million/year -old integrated projects meet the production conditions and are about to be produced.

Wang Xinyu said: "Leading companies in various places still have a plan to expand production. After the slaughtering capacity is expanded, if the production capacity of the farming end cannot keep up with the expansion of slaughter production capacity, it will exacerbate the supply of meat chickens and promote the price of meat chickens. A certain 'supporting effect'.

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