农业农村部严控新增产能， “反内卷”下优质猪企价值凸显

Group 1 - The livestock ETF (516760) experienced a decline of 0.44% on July 24, with notable gainers including Roniu Mountain (000735) up 7.81% and Mido (300381) up 0.93% [1] - The Ministry of Agriculture and Rural Affairs held a meeting on July 23 to promote high-quality development in the pig industry, highlighting issues such as high production capacity, price volatility, and challenges in disease prevention and waste management [1] - The Ministry emphasized the need for strict capacity control measures, including the rational elimination of breeding sows and controlling the weight of pigs for slaughter [1] Group 2 - Huatai Securities analyzed that the national inventory of pigs aged over 5 months decreased by 0.8% in June, predicting a reduction in pig output in July and August, which may stabilize and gradually increase pig prices [2] - The Ministry's focus on "capacity adjustment" and "policy stabilization" suggests a shift towards high-quality development in the pig farming industry, potentially enhancing profitability and stability in the sector [2] - The livestock ETF tracks the CSI Livestock Breeding Index, which reflects the overall performance of listed companies in the livestock sector, and the current price-to-earnings ratio (PE-TTM) is at a historical low of 13.34 times, indicating a high safety margin for the sector [2]