猪企闷声发财，官方再次出手“反内卷”，大资金悄悄布局中？

Core Insights - The Ministry of Agriculture and Rural Affairs convened major pig farming companies to discuss promoting high-quality development in the pig industry, signaling a shift towards efficiency rather than scale [1][2] - The industry is transitioning from a focus on scale to efficiency, with leading companies like Muyuan, Wens, and New Hope benefiting from cost reduction and efficiency improvements [3][4] - The government aims to stabilize pig prices and prevent overproduction, indicating a commitment to maintaining industry balance and supporting cost-effective producers [4][6] Industry Dynamics - The recent meetings and discussions reflect a clear "anti-involution" strategy, aiming to curb reckless expansion among high-cost producers [2][4] - The profitability of pig farming has been consistent for 14 months, with 11 out of 14 listed pig companies reporting positive performance in their semi-annual reports [3][4] - Large funds are increasingly investing in leading pig farming companies, as evidenced by significant inflows into the livestock farming ETF (516670), which has seen over 100 million yuan in recent investments [4][6] Market Trends - The ETF related to livestock farming shows strong upward momentum, indicating growing investor interest in the sector [6] - The government's proactive stance on industry regulation is expected to increase in intensity, reinforcing the trend towards prioritizing quality over quantity in production [4][6] - The focus on cost control and efficiency is likely to further enhance the competitive edge of leading companies in the pig farming sector [4][6]