Investment Rating - The report provides an "Increase" rating for the industry, indicating a positive outlook compared to the Shanghai and Shenzhen 300 Index [46]. Core Insights - The report highlights the strengthening of pig prices, with a current price of 12.69 CNY/Kg, reflecting a week-on-week increase of 0.20 CNY/Kg. Factors contributing to this trend include a decrease in sales plans for January and the anticipated impact of a nationwide cold wave starting January 19, which may further boost prices [5][10]. - In the planting sector, corn and soybean prices have shown stability, with corn prices at 2364 CNY/ton (up 0.5% week-on-week) and soybean prices at 4072 CNY/ton (up 0.6% week-on-week). The report expresses optimism for the recovery of planting sector profitability [3][10]. - The pet industry is experiencing increased attention due to major exhibitions, with significant events scheduled in March 2026, which are expected to catalyze new product launches from leading domestic brands [4]. Summary by Sections Livestock - The report notes that pig prices are on the rise, with a current price of 12.69 CNY/Kg, up 1.60% week-on-week and 10.06% month-on-month, although down 19.33% year-on-year. The report suggests that the cold wave and increased demand during the lunar month will be key factors influencing future price movements [5][10]. - Recommended stocks in the livestock sector include Muyuan Foods, Wens Foodstuffs, and others, with a focus on companies that are expected to benefit from the recovery in pig prices [5][40]. Planting - The report indicates that corn and soybean prices are stable, with corn at 2364 CNY/ton and soybeans at 4072 CNY/ton. The planting sector is expected to see a recovery in profitability, particularly benefiting seed companies that focus on high-quality products [3][10]. Pet Industry - Major pet exhibitions are set to take place in March 2026, which are expected to enhance market interest and lead to new product launches from top brands. The report emphasizes the potential for growth in the pet sector due to these events [4][10]. Key Company Coverage - The report includes earnings forecasts and valuations for key companies in the industry, with all covered companies receiving an "Increase" rating. Notable companies include Muyuan Foods, Wens Foodstuffs, and various firms in the pet and agricultural sectors [40].

Core Insights - The report highlights a rebound in pork prices during the consumption peak season, with the average price of lean pigs at 12.49 CNY/kg, up 2.6% week-on-week but down 22.7% year-on-year [6][14]. - The report emphasizes the growth potential of leading feed companies expanding overseas, suggesting a focus on their international business growth [6][16]. Livestock Farming - The average price of 6.5 kg piglets has risen to 330 CNY/head, reflecting a 7.5% week-on-week increase, indicating a positive outlook among farmers for pork prices in the second half of the year [6][14]. - Major recommended companies in the livestock sector include Wen's Food Group and Muyuan Foods, with attention also on Dekang Agriculture and New Hope [6][14]. - The report notes that the industry is in a "tug-of-war" state, with companies possessing cost advantages having a significant competitive edge [6][14]. Dairy Industry - The current price of fresh milk in major production areas is 3.02 CNY/kg, down 0.3% week-on-week and 3.2% year-on-year, while some regions see prices rebounding to 3.3-3.4 CNY/kg [15]. - The report anticipates a continued upward trend in beef prices due to supply constraints, recommending companies like Yuran Dairy and Modern Dairy [15]. Feed and Animal Health - Prices for common and specialty fish and shrimp have continued to rise, driven by tight supply and increased demand as the Spring Festival approaches [16]. - The report suggests that leading feed companies are likely to see market share growth due to their comprehensive advantages, with a focus on international expansion [16]. - In the animal health sector, companies are expanding into pet healthcare, with recommendations for companies like Keqian Biological and Princely Biological [16]. Agricultural Sector - The report indicates that the domestic corn price is 2364 CNY/ton, up 0.5% week-on-week, while soybean meal prices are at 3196 CNY/ton, down 0.9% [18][44]. - The report highlights the importance of biotechnology advancements and industry consolidation in the seed sector, recommending companies like Suqian Agricultural Development and Beidahuang [18]. Market Performance - The agricultural sector underperformed the market by 2.7 percentage points, with the animal health sector showing a 1.2% increase [22]. - The report notes that the livestock sector is experiencing a recovery in profitability, with self-bred pigs showing a profit of 7.39 CNY/head [24].

Investment Rating - The report maintains a "Positive" investment rating for the agriculture industry [5] Core Insights - The report highlights that the recovery in pig prices is driven by inventory replenishment, with prices expected to reach a turning point in Q2 2026 [2][12] - The report emphasizes the structural growth trends in the post-cycle sector, indicating that if the current round of pig production capacity reduction proceeds smoothly, profits in the industry chain are likely to gradually transmit downstream [3][35] Summary by Sections Pig Farming Sector - The report forecasts a significant recovery in pig prices, with the national average price reaching 13 CNY/kg by January 18, 2026, following a structural supply shortage [12] - The report notes that the market's pessimistic expectations regarding pig prices are likely to be corrected, as the supply side shows structural shortages and the average weight of pigs remains at historical lows [9][12] Poultry Sector - White feather broiler prices have shown a slight decline, with the average price at 7.59 CNY/kg as of January 16, 2026, reflecting limited increases in slaughter volumes and rising inventory levels among processing enterprises [16] - Yellow feather broiler prices are expected to remain strong, with price differentials among different types of chickens widening [21] Feed Sector - The report indicates that raw material prices for feed are stabilizing at the bottom, with corn prices rising to 2363.92 CNY/ton and wheat prices at 2515.89 CNY/ton as of January 16, 2026 [25][43] - The demand side shows strong pricing from traders, with some deep processing enterprises increasing purchase prices [25] Investment Recommendations - The report recommends focusing on the pig farming sector, with specific stocks such as Muyuan Foods (002714) and Wens Foodstuff Group (300498) being highlighted for potential investment [3][35] - It also suggests opportunities in the planting chain and pet food sectors, with companies like Suqian Agricultural Development (601952) and Pet Food Company (301498) being noted [3][35]

Group 1 - The average wholesale price of pork in China increased to 18.07 yuan/kg on January 16, up 0.6% from 17.97 yuan/kg on January 9, and the weekly average price rose by 0.3% compared to the previous week [1] - The average price of live pigs (external three yuan) was 12.76 yuan/kg on January 16, reflecting a 1.2% increase from 12.61 yuan/kg on January 9, with a weekly average price increase of 1.5% [1] - The average trading weight of live pigs increased to 124.58 kg, up 0.16% week-on-week, indicating a trend of heavier pigs being sold due to market conditions [3] Group 2 - Major pig farming companies, such as Muyuan Foods and Wens Foodstuff Group, forecast a decline in net profits for 2025, with Muyuan's expected profit between 14.7 billion to 15.7 billion yuan, down 12.2% to 17.79%, and Wens' expected profit between 5 billion to 5.5 billion yuan, down 40.73% to 46.12% [4] - The supply of theoretical standard pigs is expected to remain high in the first quarter, but the price gap between fat and standard pigs is leading to tighter market conditions [4] - The demand for slaughtering is anticipated to increase as the Chinese New Year approaches, which will be a critical period for assessing supply and demand dynamics [4] Group 3 - The national market for live pigs is expected to experience fluctuations, with initial price increases in the north due to limited supply, while the south may see price declines [5] - Slaughtering enterprises report slow sales of pork, which is limiting the potential for price increases [6]

格隆汇1月16日丨温氏股份(300498.SZ)公布，实际控制人之一温鹏程拟自本公告披露日起十五个交易日 后三个月内（2026年2月9日至2026年5月8日）以证券交易所集中竞价或大宗交易的方式减持本公司股份 合计不超过21,000,000股（占公司总股本比例0.3160%），其中通过大宗交易方式将持有的不超过 18,500,000股（占公司总股本比例不超过0.2784%）公司股份转让给公司实际控制人及近亲属陈浩、朱 婉君、陈晓韵、范卫朝、冯惠萍、温淑娟、温淑颖、孙浩东；其余部分通过集中竞价或大宗交易的方式 减持。 ...

人民财讯1月16日电，温氏股份（300498）1月16日公告，公司实控人之一温鹏程拟自15个交易日后3个 月内，以集中竞价或大宗交易的方式减持公司股份合计不超过2100万股(占公司总股本的0.3160%)，其 中通过大宗交易方式将持有的不超过1850万股(占公司总股本的0.2784%)公司股份转让给公司实控人及 近亲属陈浩、朱婉君、陈晓韵、范卫朝、冯惠萍、温淑娟、温淑颖、孙浩东；其余部分通过集中竞价或 大宗交易的方式减持。 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ 每经AI快讯，温氏股份1月16日晚间发布公告称，温氏食品集团股份有限公司实际控制人之一温鹏程拟 自本公告披露日起十五个交易日后三个月内（2026年2月9日至2026年5月8日）以证券交易所集中竞价或 大宗交易的方式减持公司股份合计不超过2100万股（占公司总股本比例为0.316%），其中通过大宗交 易方式将持有的不超过1850万股（占公司总股本比例不超过0.2784%）公司股份转让给公司实际控制人 及近亲属陈浩、朱婉君、陈晓韵、范卫朝、冯惠萍、温淑娟、温淑颖、孙浩东；其余部分通过集中竞价 或大宗交易的方式减持。 ...

格隆汇1月16日｜温氏股份公告，公司实际控制人之一温鹏程拟自本公告披露日起十五个交易日后三个 月内（2026年2月9日至2026年5月8日）以证券交易所集中竞价或大宗交易的方式减持本公司股份合计不 超过21,000,000股（占公司总股本比例0.3160%），其中通过大宗交易方式将持有的不超过18,500,000股 （占公司总股本比例不超过0.2784%）公司股份转让给公司实际控制人及近亲属陈浩、朱婉君、陈晓 韵、范卫朝、冯惠萍、温淑娟、温淑颖、孙浩东；其余部分通过集中竞价或大宗交易的方式减持。 ...

温氏食品集团股份有限公司 | 证券代码：300498 | 证券简称：温氏股份 | 公告编号：2026-9 | | --- | --- | --- | | 债券代码：123107 | 债券简称：温氏转债 | | 温氏食品集团股份有限公司 关于公司实际控制人转让股份至近亲属及股份减持 计划的预披露公告 公司实际控制人温鹏程保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 温氏食品集团股份有限公司（以下简称"公司"或"温氏集团"） 实际控制人之一温鹏程拟自本公告披露日起十五个交易日后三个 月内（2026 年 2 月 9 日至 2026 年 5 月 8 日）以证券交易所集中竞 价或大宗交易的方式减持本公司股份合计不超过21,000,000股（占 公司总股本比例 0.3160%），其中通过大宗交易方式将持有的不 超过 18,500,000 股（占公司总股本比例不超过 0.2784%）公司股 份转让给公司实际控制人及近亲属陈浩、朱婉君、陈晓韵、范卫 朝、冯惠萍、温淑娟、温淑颖、孙浩东；其余部分通过集中竞价 或 ...

证券之星消息，1月16日养殖业板块较上一交易日下跌2.27%，温氏股份领跌。当日上证指数报收于 4101.91，下跌0.26%。深证成指报收于14281.08，下跌0.18%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300313 | *ST天山 | 9.53 | 2.69% | 7.31万 | 6937.06万 | | 002746 | 仙坛股份 | 6.18 | 0.16% | 13.66万 | 8425.56万 | | 002124 | 天邦食品 | 2.70 | -0.37% | 29.69万 | 8017.56万 | | 300967 | 膀ਫ਼股份 | 19.90 | -0.75% | 7.18万 | 1.44亿 | | 603477 | 巨星农牧 | 17.85 | -0.78% | 8.27万 | 1.47亿 | | 002982 | 湘佳股份 | 13.86 | -0.79% | 2.87万 | 3976.44万 | | 001201 | 东瑞 ...