养殖ETF（159865）涨超1.3%，连续4日净流入

Group 1 - The livestock sector continues to rebound, with the Livestock ETF (159865) rising over 1.3% and experiencing net inflows for four consecutive days [1] - According to Everbright Securities, the industry capacity cycle for pig farming has bottomed out, but high inventory levels continue to impact market dynamics [1] - Recent policy initiatives are accelerating the industry's efforts to reduce inventory, which is expected to realign the supply-demand relationship, potentially leading to a long-term profit uptrend after inventory reduction concludes [1] Group 2 - The Livestock ETF (159865) tracks the China Securities Livestock Index (code: 930707), which is compiled by China Securities Index Co., Ltd. and reflects the overall performance of listed companies involved in livestock farming, feed processing, and veterinary drug production [1] - The China Securities Livestock Index covers the entire livestock industry chain, including pig and chicken farming as well as related support services, demonstrating strong industry representation [1] - The recovery in pig inventory levels is boosting demand for feed and animal health products, with performance gradually improving [1]