天风·农业 | 2025年第35周周报:2025年半年报收官,农业板块总结和展望

天风研究
Sep 02, 2025

生猪板块:猪企出栏增长分化显著,重视生猪板块预期差!牛板块:原奶价格持续磨底,静待新周期;肉牛超级周期或已启动;重视牛产业机会!宠物板块:国产品牌持续崛起,关注结构性增长龙头!禽板块:25H1景气度蛋鸡>白鸡&黄鸡,后续关注困境反转逻辑!种植板块:种业盈利处于近十年低谷、静待困境反转,重视生物育种产业化机遇!后周期:饲料板块,重点推荐市占率提升+业绩持续兑现的海大集团;动保板块,养殖盈利带动需求,...

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