Caitong Securities: follow the animal nutrition industry

On August 14, Jinshi Data reported that Caitong Securities research report suggested following the animal nutrition industry. In the case of the continuous promotion of the soybean meal reduction plan and the weak operation of the breeding industry, the feed raw materials may give priority to cost-effectiveness, and the solution of mixed meal + amino acid is expected to accelerate the replacement of some soybean meal demand. At the same time, coupled with the expectation of reducing foreign soybean production, the prices of soybeans and soybean meal have rebounded, further promoting the rise in demand for amino acids.