Huatai Securities: layout of low-level pig stocks pay attention to new technology dividend

[Huatai Securities: layout low Pig stocks pay attention to New Technology dividends] Huatai Securities Research News pointed out that it is optimistic that PBLF is in the low-level pig-raising enterprises in the past seven years, breeding enterprises with outstanding technological advantages, feed leaders with strong competitive barriers, and domestic favorite food leaders. The details are as follows: 1) Live pigs: the expectation of pig prices is pessimistic, and the high operation of piglet prices makes the industry lack confidence in the reversal and rise of pig prices, and enterprises are more focused on reducing costs rather than expansion. the business toughness of leading enterprises shows; 2) Feed: fish prices gradually improve; 3) Agricultural products: under the influence of increased supply, gap substitution and other factors, it is expected that the prices of corn, soybean and white sugar will have more room to fall. 4) seed: genetically modified corn has been planted on a small scale this year, and it is expected that the field performance and industrial feedback after harvest in September may affect the progress of subsequent commercialization; 5) Pet: the removal of overseas storage is still in progress, and the domestic 618 data may be better than last year.