中国饲料工业协会披露8 月全国饲料产量数据，2022 年8 月全国工业饲料总产量2635 万吨，同比下降6.7%。分品种看，猪饲料产量1067 万吨，同比下降11.2%；蛋禽饲料产量253 万吨，同比下降9.9%；肉禽饲料产量789万吨，同比下降4.8%；水产饲料产量369 万吨，同比增长3.0%；反刍动物饲料产量129 万吨，同比增长4.7%。2022 年1-8 月全国工业饲料总产量18746万吨，同比下降5.0%。其中，猪、蛋禽、肉禽饲料产量分别为8081 万吨、2045 万吨、5646 万吨，同比分别下降7.9%、5.4%、6.8%；水产、反刍动物饲料产量分别为1803 万吨、970 万吨，同比分别增长15.1%、3.3%。

8 月我国上市养殖企业生猪销量合计1007 万头，环比+4.3%；其中牧原股份、温氏股份、新希望出栏量为488.7 万头、150.41 万头、94.28 万头，环比+6.38%、+13.58%、+0.05%。在出栏环比方面，正邦科技、东瑞股份、唐人神、天邦食品5 家公司销量环比为负；而环比增速领先的有神农集团、华统股份、大北农、天康生物。在出栏同比方面，除正邦科技、大北农、天邦食品、中粮家佳康同比下行以外，其余均保持增长状态；其中傲农生物、金新农、唐人神、牧原股份同比涨幅领先。

7 月CPI 同比+2.7%，猪肉价格大幅上涨 7 月我国CPI 同比+2.7%， 其中食品价格同比+6.3%，食品中猪肉同比+20.2%。从环比来看，7 月 CPI 环比+0.5%，其中食品项环比+3.0%。期间猪肉价格处于上升区间， 影响CPI 猪肉环比+25.6%。7 月我国农产品进口金额为209.36 亿美元， 同比+8.71%，出口金额为86.10 亿美元，同比+28.98%，贸易逆差123.3 亿美元，同比-2.04%。

2022 年4 月份以来，美元对人民币汇率（中间价）持续走高，截止8 月底达到了6.89。目前我国上市宠物食品企业境外业务在营收中占比较高，2021 年受到汇率影响，宠物上市企业毛利率与净利率均受到很大影响。22H1 汇率影响已转正，我们认为，宠物企业短期经营拐点已至，2022 年全年有望迎来持续的业绩修复。我国宠物消费正处于快速发展期，消费空间有望进一步释放，其中食品和医药作为刚需品类有望持续发力，国产自主品牌快速发展，持续推荐关注宠物食品企业中宠股份和佩蒂股份，此外建议关注宠物药品和疫苗上市进程和推广情况，建议关注普莱柯、生物股份、科前生物等动保企业。

The practice of using limited space and resources for planting is known as vertical farming. It’s a way of harvesting crops on shelves and towers located vertically rather than conventional horizontal farming. In vertical farming, crops are cultivated indoors, underneath artificial conditions of light and temperature. In other words, vertical farming aims to offer higher productivity in smaller spaces. During vertical farming, preferred arrays of the light spectrum sub for the Sun and nutrients are delivered with water, eradicating the need for soil. Vertical farming predominantly focuses on efficiencies, such as growing crops more quickly than conventional farming, employing technology such as sensors, robots, and LEDs as a Sun replacement, with algorithms to optimize lighting and growing conditions. Vertical farms require costly energy and costlier engineers than conventional farming.

Smart farming is a concept in agriculture that involves data collection, data analysis, and data-driven decision making to increase yield, monitor crops and animals, and improve overall efficiency in all possible agricultural operations. Smart farming method or concept employs various technologies that become the means of operation. For example, to collect data, smart farming depends on the internet of things (IoT) and other sensorbased technologies, which allow seamless data collection. For data analysis, various farm management software and artificial intelligence (AI) based tools can be used to make sense of the collected data, and later autonomous machines and other mechanical equipment can be utilized to take necessary actions; for example, drones can be used to spread inputs such as pesticides and fertilizers.

Indoor farming is an important part of modern agriculture for producing crops in a controlled environment. There is an increasing growth for indoor farming globally propelled by the rising world population along with a consequent demand for consistent food supplies. Conventional agriculture is suitable for areas with sufficient land and water supply. Since the percentage of arable land and water supply to support conventional agriculture is diminishing, the demand for indoor farming is heightening. Indoor farms can help to grow the total crop yield per unit area by utilizing the stacked layers of potted seeds, and this is further expected to drive the market. Indoor farming mainly implements methods, including aquaponics, aeroponics, and hydroponics also utilizes artificial lighting such as LED lights for adequate light levels and nutrients. Indoor farming method or concept further employs various technologies that become the means of operation. For instance, to collect data, indoor farming depends on the Internet of Things (IoT), GPS, and other sensor-based technologies, which allow seamless data collection. For data analysis, several farm management software and artificial intelligence (AI) based tools can be utilized to make sense of the collected data, and later autonomous machines and other mechanical equipment can be employed to take necessary actions.