China's feed production situation in July: a substantial increase in output

According to the company's calculations that have been reported as of August 6, the total feed output in July 2020 is 21.9 million tons, an increase of 7.3% month-on-month and an increase of 16.0% year-on-year. From a trend point of view, the total feed output in March, April, June and July of this year increased month-on-month, and the month-on-month growth in July increased by 5.1 percentage points compared with the previous month. After February, except for a slight year-on-year decrease in March, the output of the remaining months Both have increased over the same period of the previous year. The feed output in July reached a high level in the past three years, which was higher than the monthly average output since 2017.

In terms of breeds, the output of pig feed in July was 7.01 million tons, an increase of 10.3% month-on-month and a year-on-year increase of 36.8%, a year-on-year increase for two consecutive months. Among them, sow feed increased by 77.8% year-on-year. The recovery of live pig production capacity accelerated in July, the pig feed output was at a low level in the same period last year, and the price increase of feed products is expected to promote the advancement of stocking by farmers, the increase in sow breeding from ingredients to commercial feed, the increase in the proportion of ternary sows and the increase in feed consumption , Commercial pigs' secondary fattening increases the amount of feed and other factors superimposed, resulting in a substantial increase in pig feed output. The output of egg poultry and meat poultry feed was 2.81 million tons and 7.95 million tons, an increase of 2.0% and 2.7% month-on-month, respectively. The year-on-year growth rate continued to narrow, increasing by 12.8% and 9.6% respectively. The output of aquatic feed was 2.76 million tons, an increase of 20.5% month-on-month and a decrease of 4.2% year-on-year. The output of ruminant feed was 1.05 million tons, an increase of 8.6% month-on-month and a year-on-year increase of 24.6%.

Prices of feed products
In July, due to the continuous increase in the price of corn, the price of energy feed ingredients such as bran has increased, and the price of compound feed has generally risen. The price of major feed varieties has increased by 5.3-6.0 percentage points over the same period of the previous year. The price of soybean meal fluctuated strongly, which drove the price of protein feed ingredients to rise to varying degrees. Except for egg and poultry concentrates which fell slightly year-on-year, the prices of other concentrated feeds rose by 0.5-3.4% compared with the same period last year. The pre-mixed feed mainly decreased slightly year-on-year.