农林牧渔行业：深蓝引擎－万米深海技术突破与海洋经济新格局－2025年中国深海科技产业研究报告

The global buffalo meat market is a part of the global packaged foods and meats market. The global packaged foods and meats market was valued at $5,988.64 billion in 2021 and reached $7,124.2 billion in 2023. The global packaged foods and mea

The agritech market includes the use of advanced technologies such as IoT, AI, drones, biotechnology, and data analytics to enhance agricultural productivity, sustainability, and efficiency. It covers a wide range of areas including precision farming, smart irrigation, farm management software, supply chain tech, biotechnology, and indoor farming. Agritech also supports financial inclusion through agri-fintech solutions and improves post-harvest management with innovations in logistics and traceability. Driven by rise in food demand, climate challenges, and rural digitization, the market is rapidly expanding globally, offering significant opportunities for innovation and investment.

Animal feed is an edible material that is fed to livestock or farm animals, which provides energy and/or nutrients. Modern animal feed is produced from ingredients that have been selected and blended carefully to provide nutrition-rich diets, which help maintain the health of the animals and increase the quality of end products such as meat, milk, and eggs.

Animal healthcare consists of essential tools that are used for evaluating the health of animals and identifying pathogens and infections. They enable the early detection, management, and control of animal diseases, including zoonosis.

Agricultural films encompass stretchable plastics used to protect crops in open fields and greenhouses, enhancing productivity and crop quality. These films are made from materials like polyethylene and ethyl vinyl acetate, and are used in applications such as mulching, silage, and greenhouse covering.

上市猪企 25 年 5 月出栏量为 1605.08 万头，同比+30.33%，环比-1.67%。头部企业中，牧原股份/温氏股份/新希望生猪出栏 640.60/315.54/133.39 万 头，同比分别+30.42%/+32.64%/-2.41%，环比分别-2.54%/-0.64%/-16.42%。25 年 5 月上市猪企出栏量同比大增，产能增加明显。5 月进入生猪消费淡季， 导致出栏环比小幅回落。上市猪企 25 年 1-5 月累计出栏量为 7806.29 万头，同比+19.83%。1-5 月上市猪企出栏量同比增速维持在+20%左右，牧原、温氏出栏量增速与行业增速大体相同，新希望出栏量同比小幅下降。24H2 行业盈利大幅改善，上市猪企增加产能，导致 25 年 1-5 月出栏生猪较多。

农林牧渔行业：如何看待2025年4月生猪产能数据？－专题研究

2025 年初至今农林牧渔表现强于对标指数。2025 年初 -6 月 16 日，农林牧渔指数（中信）绝对收益率为+12.81%，在中信一级 30 个行业中排第 8 位，跑赢沪深 300 指数 14.5 个百分点。从细分子行业表现来看，2025 年初至今，宠物食品板块涨幅居前，水产加工板块涨幅居后；2025 年一季度，水产养殖、畜牧养殖、饲料加工板块归母净利润实现同比大幅增长。当前行业估值处于历史相对低位，建议把握细分子行业投资价值。

农林牧渔行业：如何看待2025年4月生猪产能数据？－专题研究

5 月毛鸡价格微涨，整体波动幅度较小：1）供给维度：今年 5 月整体饲养成活率偏低，市场有效供给收窄；2）需求维度：终端消费持续疲软，价格低位徘徊。鸡苗价格平稳，均价微降，波动有限。行业白羽鸡苗均价 2.88 元/羽，环比 +0.38%，同比-8%。大厂月末成交价约 3.5 元/羽。本月养殖端补栏较为谨慎，需求端对鸡苗存在利空影响。鸡肉价格有所反弹，但仍维持下滑趋势。

生猪养殖行业：4月猪价仍较坚挺，母猪产能稳降－202504月报点评

农产品行业：当前时点如何看水产料行业景气？