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中信建投:豬價上行助推豬企增收,關注市場生豬供給情況
中信建投證券研報認為,湧益數據顯示,7月母豬能繁存欄整體增幅仍不大,行業補欄母豬情緒謹慎。主要上市豬企陸續披露7月生豬銷售數據,隨着豬價上升,各大豬企月銷售收入均實現環比增長。價格端來看,7月銷售均價範圍在17.5~19.8元/公斤,環比增幅範圍為3.2%~15.6%;銷售收入端來看,生豬售價上升推動下,部分豬企收入端實現20%以上增速。綜合來看,在養殖成本持續優化背景下,豬價回暖將不斷改善豬企盈利水平,部分豬企已實現扭虧,養殖利潤持續擴大。展望後市,一方面,關注產能長期去化後市場生豬供給情況;另一方面,需關注豬價衝高後市場情緒的變化。
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