养殖ETF（159865）上一交易日净流入超1.0亿，肉牛周期反转预期引关注

Group 1 - The livestock sector within the agriculture, forestry, animal husbandry, and fishery industry is showing differentiated trends across various segments [1] - In the beef and raw milk sectors, a turning point is expected in the domestic beef cycle by 2025, with both domestic and international markets likely to experience upward momentum; as of July 11, 2023, the domestic beef market price was 59.23 yuan/kg, reflecting a year-on-year increase of 27.38% [1] - In the pig farming sector, the price of live pigs was 14.70 yuan/kg on July 11, 2023, and it is anticipated that pig prices will remain favorable through 2025, with a rational inventory of breeding sows [1] Group 2 - Leading companies in the feed industry are expected to achieve excess returns, benefiting from the recovery in the aquaculture market [1] - Overall, the valuation recovery potential of leading companies in the livestock sector is noteworthy, particularly the opportunity presented by the reversal of the beef cycle [1] - The Livestock ETF tracks the CSI Livestock Index, which is compiled by the China Securities Index Company and includes listed companies involved in livestock farming and feed production, reflecting the overall performance of the livestock-related listed companies [1]