“养猪ETF”——养殖ETF（159865）盘中迎净流入1.6亿份！机构：养殖行业盈利周期或将开启

Group 1 - The core viewpoint is that the livestock industry is entering a phase of profitability, with a significant inflow of funds into livestock assets, as indicated by the 160 million shares net inflow into the Livestock ETF (159865) [1] - Despite financial pressures since 2019, the industry is more focused on reducing losses and liabilities rather than rapidly expanding capacity, leading to potentially overly pessimistic market expectations regarding the recovery of production capacity [1] - A decline in raw material costs and a potential rebound in macro demand by 2025 are expected to positively impact the industry, suggesting that the sustainability of profitability in the pig farming sector may exceed market expectations [1] Group 2 - The livestock sector may have gradually entered a configuration zone, with attention on the marginal changes in the Livestock ETF (159865) [1] - Investors without stock accounts are advised to consider the Guotai CSI Animal Husbandry Livestock ETF Connect A (012724) and Guotai CSI Animal Husbandry Livestock ETF Connect C (012725) [1]