Skyrocketing feed prices feed enterprises' third quarter performance

Introduction: in recent years, the breeding industry has been declining, but the prices of feed materials such as soybean meal, corn and fish meal have been rising In such a chaotic situation, feed enterprises have become temporary beneficiaries According to the pre disclosure information of several feed production enterprises, the performance in the first half of this year will rise substantially year on year In recent years, the breeding industry has been declining, but the prices of feed materials such as soybean meal, corn and fish meal have been rising In such a chaotic situation, feed enterprises have become temporary beneficiaries According to the pre disclosure information of several feed production enterprises, the performance in the first half of this year will rise substantially year on year The researchers of agriculture, forestry, animal husbandry and fishery said that at present, there is a large stock of meat and poultry, and the demand for feed is better due to the better recovery of freshwater aquaculture In the near future, aquaculture will enter the peak season of feeding, so it can be judged that the performance of feed industry in the first three quarters is relatively guaranteed Feed prices rose across the board On July 11, the U.S Department of agriculture (USDA) released the latest crop production forecast report Due to the large-scale drought in the Middle East of the United States, corn production has been severely affected The report made a significant decline in corn production and year-end inventory The U.S Department of Agriculture said in the report that the shortage of supply may further push up the price of corn According to the data of China feed industry information network on July 12, the recent domestic corn port quotation is generally 2500 yuan / ton, up 12% compared with the same period last year The imported corn is expected to increase sharply in production reduction, and the tax payment cost completely loses the price advantage over the domestic corn According to USDA, China's corn imports will reach 5 million tons this year In fact, not only the price of corn is rising, but also the price of main feed is starting to rise sharply As the main protein feed Since the beginning of the year, the price of soybean meal has also increased significantly Recently, the price of soybean meal of oil plants in various regions in China is 3700-3980 yuan / ton In one month, the cumulative increase has reached 300 yuan / ton, while in half a year, the increase has reached 800-900 yuan / ton In recent years, the price of imported fish meal in Peru has been stable at 11500-12500 yuan / ton, with an increase of 4000 yuan / ton in half a year Driven by the increase in the price of imported fish meal, the price of domestic fish meal also increased from 7500-8000 yuan / ton to 10000 yuan / ton Although corn and soybean meal futures have experienced high volatility in recent years, the spot price is still strong July to September is the peak of feeding and fattening in freshwater aquaculture, and feed consumption will increase significantly Although wheat replaces corn, cottonseed meal and rapeseed meal replace soybean meal, the status of corn and soybean meal still cannot be shaken Most institutions believe that the feed prices of corn, soybean meal and fish meal are less likely to have a significant correction in the short term In the first half of this year, most of the enterprises involved in the production of aquatic feed were able to produce beautiful report cards On the evening of July 11, Tongwei Co., Ltd disclosed that due to the prosperity of the national end aquatic product market in the first half of the year, it is expected that the net profit attributable to shareholders of listed companies will increase by 50% - 100% over the same period of last year from January to June 2012 According to the first quarterly report of Haida group, it is expected that the net profit attributable to shareholders of Listed Companies in the first half of this year will increase by 40% - 70% year on year Tianbang's quarterly report also revealed that it is expected that the net profit in the first half of the year will be 2-7 million yuan, which will turn around the loss A person from a well-known feed enterprise told reporters that feed production enterprises generally follow the pricing principle of "cost + certain profit", with low profit margin and win by volume, so the rising cost of raw materials will consider raising prices The third quarter is the largest stage of fresh water aquaculture feed consumption According to the Research Report of Haitong Securities, the sales of aquatic feed has begun to heat up since May, and the sales of famous aquatic feed enterprises such as Haida group and Tongwei Co., Ltd are all good at present Research institutions generally believe that this will lay the foundation for the third quarter performance of aquatic feed enterprises However, a researcher of agricultural products told reporters that several well-known feed enterprises in this year may affect the gross profit margin of aquatic feed products in order to seize market share and promote more.