COFCO Jiajiakang (01610) rose more than 4%. As of press release, it rose 4.27% to HK$1.71, with a turnover of HK$367.193 million.
The Zhitong Finance App learned that COFCO Jiajiakang (01610) rose more than 4%. As of press release, it had risen 4.27% to HK$1.71, with a turnover of HK$367.193 million.
According to the news, according to Zhuochuang information, since the beginning of March, as terminal demand slowly recovered after the Spring Festival holiday, the breeding side was bullish on the pig market in the second quarter, and the phenomenon of suppressing sales and secondary fattening has gradually increased. The supply of pigs has been tightened, and supply and demand have jointly supported the rise in pig prices. As of March 20, the average price of three-yuan pigs traded nationwide was 15.15 yuan/kg, up 7.83% from the end of February. In addition, due to the low cost of raising piglets in the early stages, the profit from raising piglets is currently higher than the self-breeding and self-raising model. There may still be room for growth in pig prices in the second quarter, and profits from self-breeding and self-raising may continue to rise.
Fangzheng Securities pointed out that pig prices have entered a volatile upward cycle, but production capacity may continue to decline. There was only a small increase in slaughter operation rate and frozen product removal rate last week. Market demand is relatively weak, but pig prices are still fluctuating and strengthening. Last week, the average profit for self-raised pigs was -104.83 yuan. There are still losses, and the trend of loss of production capacity has not changed. On the demand side, we are about to usher in holidays such as Ching Ming Festival and Labor Day, and pig prices are expected to fluctuate and rise in the short term.