招商证券2026年农林牧渔业投资策略：聚焦于周期与成长两大维度

智通财经2025-12-24

智通财经APP获悉，招商证券发布研报称，展望2026年，农林牧渔板块投资机会或主要聚焦于周期与成长两个维度：1)周期。生猪反内卷&行业亏损双管齐下，母猪产能重启去化，预计26H2猪价或逐步回暖。祖代鸡引种同比下滑，看好种禽端景气。2)成长。国内龙头饲企强者恒强，有望将国内成熟的竞争范式复制到海外市场，打开成长空间。生物育种产业化积极推进，具备核心品种优势的头部种企市占率有望迎来加速提升。招商证券...

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