White-feathered broiler ancestor breeding blocked, the industry chain boom is quite high, and white-feathered meat ducks because of white-feathered broiler with a certain degree of complementarity or even alternative, the second half of the industry boom also greatly enhanced. "Since the second half of the year, the commercial generation of duckling prices rose from 2 yuan / feather to more than 7 yuan / feather, the price of duck feathers per catty also rose 1 yuan. Recently, with the end of the restocking peak, duckling prices have fallen back." The head of a white-feathered meat duck breeding enterprise in Shandong told Caixin.
At the listed company level, ST Huaying (002321.SZ) is a white-feathered meat duck whole industry chain enterprise, Yik Foods (301116.SZ) ducklings and duck meat products revenue accounted for nearly half of the total, and New Hope (000876.SZ) and Xiangjia shares (002982.SZ) also have related businesses. "Previously, the meat duck industry than broiler industry tends to lag, this cycle is almost synchronized, the company's second half of the benefit is much higher than the first half of the year, if the impact of avian influenza abroad continues to stimulate, and pig prices are rising steadily, the industry boom is expected to continue for a longer period of time." In the face of the Caixin reporter called as an investor to consult, ST Huaying securities department staff said so.
Meat duck industry chain rose
Since the second half of the year, the white-feathered broiler parent generation breeder rose more than 200%, the commercial generation of the price of day-old chicks also doubled. The same as the poultry industry in the second half of the meat duck industry chain prices also rose dramatically.
According to Mysteel agricultural data statistics, in the first half of the year, the price of commercial white-feathered broiler duck seedling once fell below 2 yuan / feather, but to the third quarter, seedling prices broke through the year's highs, rose to 7 yuan / feather near the rate of increase far more than the commercial generation of white-feathered broiler seedling. seedling prices continued to go up in the early part of October, into November most of the small and medium-sized enterprises to enter the stop hatching period, seedling support weakened and prices continued to ladder downwards. As of now, the overall is still running at a high level.
The Caixin reporter was concerned that the price fluctuations of white-feathered meat duck wool duck and ducklings are basically the same. The difference is that duckling prices fell back in mid- to early November, but duck prices continued to rise due to the demand driven by the southern curing season, superimposed on the high cost of early placement.
According to Shanghai Steel Union statistics, the first half of this year, the average price of woolly duck market 3.84 yuan / catty, in November, the price of woolly duck to maintain more than 5 yuan / catty, compared with the first half of the year, there is a larger increase.
Yiker food related person in charge told Caixin News Agency that the industry has experienced a longer period of downturn, supply-side capacity de-emphasis, supporting the white-feathered meat duck chain product prices higher. "The supply of ducklings increased in the second half of the year, so the price dropped. Although the white-feathered meat duck progeny is bred in China and will not have a shortage caused by the introduction of breeding as in the case of white-feathered chickens, the recovery of biological asset capacity will still take some time, and the current increase in supply is relatively limited."
In this regard, Shanghai Steel Union Agricultural Products Division duck industry analyst He Liming told Caixin News Agency reporter, although the duck as red meat, the cycle of the situation is more strongly linked to the pig, but the history of pigs, chickens, ducks, are associated, showing synchronized or sequential changes. Yik Foods said the same person in charge of the white-feathered meat duck products, duck neck, duck intestines, etc. are mainly used as leisure food, and broiler is not very relevant, but the duck breast can be in the group meal market instead of chicken. Duck meat prices are usually slightly lower than chicken, but this year the two prices are close.
For the later trend of meat duck industry chain prices, He Liming believes that the short-term by the hatching period and downstream game continues to affect the seed eggs, seedling prices to the end of November support weak, the medium and long term from the national seedling volume and market demand, there is still support. The recent drop in seedling prices will lead to late December, the cost of ducks down, but more traditional festivals in December, the premise of accelerated product movement, ducks offer or the overall shock is mainly.
Related listed companies are actively expanding production
With the industry's new boom cycle, related listed companies are actively expanding production.
The aforementioned person in charge of Yik Foods told Caixun that the company's annual output of chicken and duck fry now accounts for about one-third of the demand for fry from cooperative farmers, and that in order to improve the degree of synergy in the company's industrial chain, it is now actively working to increase its poultry fry production capacity through cooperation, leasing, and other forms of cooperation.
ST Huaying, the company's relevant responsible person said, the company's breeding, hatching, commercial duck breeding and slaughtering are in the capacity to continue to restore the stage, the company this year, the commercial generation of ducklings are no longer exported, all changed to self-feeding, in order to enhance the output to match the downstream slaughtering capacity.
The Caixin reporter is concerned that the only supplier of domestic Cherry Valley duck progeny chicks Cherry Valley Breeding Science and Technology Co. Ltd. is sprinting to the main board of the Shanghai Stock Exchange IPO in the second half of this year, the total investment in the proposed investment project is 258 million yuan, to be invested in the fund-raising of 184 million yuan, the main fund-raising project is the Cherry Valley Breeding Center project as well as the annual hatching of 10 million breeding chicks hatchery with the Research office building project.