“养猪ETF”——养殖ETF（159865）盘中迎净流入近千万份，养殖行业盈利周期或将开启

Core Viewpoint - The livestock industry is entering a phase of profitability, with market expectations potentially overly pessimistic regarding capacity recovery and its impact on profit cycles [1] Group 1: Industry Analysis - The livestock ETF (159865) has seen a net inflow of 9 million units, indicating strong capital interest in livestock assets [1] - Since 2019, the industry has faced significant financial pressure, leading to a focus on loss recovery and debt reduction rather than rapid capacity expansion [1] - A decline in raw material costs and a potential macro demand recovery in 2025 are expected to positively influence the industry, suggesting that the sustainability of profits in the pig farming sector may exceed market expectations [1] Group 2: Investment Opportunities - The livestock sector may have entered a configuration phase, with attention on marginal changes in the livestock ETF (159865) [1] - For investors without stock accounts, alternative options include the Guotai Zhongzheng Livestock Breeding ETF Link A (012724) and Link C (012725) [1]