Changes in Hong Kong stocks | Industry inventory removal combined with recovery in demand for raw milk, Youran Animal Husbandry (09858) rose nearly 6%, Modern Animal Husbandry (01117) rose more than 5%

The Zhitong Finance App learned that leading ranches were higher in early trading. As of press release, Youran Animal Husbandry (09858) rose 5.98% to HK$4.43; Modern Animal Husbandry (01117) rose 5.38% to HK$1.665.

According to the news, in July of this year, the price of raw milk in the main production areas achieved a year-on-year correction during the traditional off-season. Combined with the continuous decline in dairy cows, the market expects an inflection point or early arrival of the raw milk cycle. According to Huachuang Securities, in terms of the intensity of elasticity, it is determined by the extent to which the increase in milk prices is reflected in the report, and the ranch itself directly benefits and has the greatest flexibility. Recently, the interim reports released by Hyundai Animal Husbandry and Youran Animal Husbandry showed that both companies turned losses into profits in the first half of the year. Guoyuan International said that as industry stocks continue to decline and demand for raw milk gradually picks up, the animal husbandry industry will usher in a cycle reversal and performance will unleash elasticity.