H5N1蔓延拉高禽价，养殖业板块持续走高 农业50ETF(159827)表现强劲

Group 1 - The core viewpoint of the news highlights the impact of the H5N1 avian influenza outbreak on poultry prices, leading to a rise in the agriculture sector, particularly in the livestock segment [1] - The Agricultural 50 ETF (159827) showed strong performance, with an intraday increase of 1.8% and a closing rise of 1.11% [1] - The UN Food and Agriculture Organization warned of an unprecedented spread of the highly pathogenic H5N1 avian influenza, resulting in the death of hundreds of millions of birds globally and its further spread to mammals [1] Group 2 - In February 2025, the average price of white feather broiler chicks was 2.19 yuan per chick, down 0.30 yuan month-on-month and down 1.99 yuan year-on-year; the average price of white feather broilers was 3.09 yuan per jin, down 0.54 yuan month-on-month, a decline of 14.88% [3] - The market is currently characterized by strong supply and weak demand, leading to a decrease in average broiler prices; however, with easing cost pressures and stabilization in chicken prices, the profitability of the breeding industry is expected to gradually improve [3] - The overall price-to-earnings and price-to-book ratios of the agriculture, forestry, animal husbandry, and fishery sector are below historical averages, indicating potential for valuation recovery in the future [3]