[Milk & Pasture Resonance | Repeated Recommendation] Milk Price Inflection Point Has Arrived; Bullish on Pasture Earnings Improvement, Dairy Competition Easing & Deep Processing Increment

English summary

Loose milk prices have been rising continuously since Q2, earlier than previous years, and in some regions have exceeded contract milk prices, with further increases expected. As Mid-Autumn Festival stocking approaches, loose milk prices may also drive contract pasture pricing. Meanwhile, inefficient social pastures continue to see inventory reduction. # Supply-demand inflection point has arrived. # Leading dairy companies have adjusted milk collection strategies in response to peak season stocking, changing past quota limits while providing certain summer subsidies to stabilize partner pastures and reduce loose milk outflow. # Deep-processing business is gradually becoming an important increment for absorbing raw milk. Future localization of raw materials for B-end cheese and other products also brings increased demand, though still in early penetration stage. # Repeated recommendation: Youran Dairy, Modern Dairy, Yili, Mengniu, Milkground, Sanyuan, New Hope Dairy. Details welcome for communication. Please support our polling points~