行业ETF风向标丨内需板块整体强势，4只畜牧养殖ETF半日涨幅超1%

Core Viewpoint - The livestock farming sector is showing strong performance in the market, with related ETFs experiencing significant gains today, particularly in the context of domestic demand recovery [1][3]. Group 1: ETF Performance - Livestock farming ETFs have shown robust performance, with all four related ETFs rising over 1% in half a day [1]. - Specific ETF performances include: - Livestock Farming ETF (516670) up by 1.44% to 0.634 - Breeding ETF (159865) up by 1.4% to 0.578 - Livestock ETF (159867) up by 1.38% to 0.587 - Breeding ETF (516760) up by 1.32% to 0.614 [2]. Group 2: Market Trends and Investment Logic - The overall scale of livestock ETFs has remained stable this year, with minimal changes in shares, particularly the largest Breeding ETF (159865), which saw a decrease of just over 30 million shares [3]. - The investment logic indicates that by 2025, pig prices may enter a loss zone, leading to a focus on capacity reduction within the industry. Long-term trends suggest that cost management will become increasingly critical, with low-cost companies likely to achieve better profits and higher valuation premiums [3]. - In the poultry sector, the decline in feed costs and improved breeding efficiency have led to a significant reduction in the cost of raising broilers, with expectations of stable cost reductions this year, especially for leading companies with full industry chain advantages [3]. Group 3: Index and Weighting - The CSI Livestock Farming Index selects listed companies involved in livestock feed, veterinary drugs, and livestock farming to reflect the overall performance of related companies [4]. - The index has demonstrated the best historical returns within the agricultural sector while also exhibiting lower drawdowns, resulting in superior Sharpe ratios compared to other agricultural indices [4]. - Major weighted stocks in the CSI Livestock Farming Index include: - Haida Group (002311) with a weight of 11.28% - Muyuan Foods (002714) with a weight of 10.17% - Wens Foodstuffs (300498) with a weight of 10.15% - New Hope Liuhe (000876) with a weight of 66.8% [5].