“反内卷”下重视优质猪企长期价值，养殖ETF(516760)成交放量，现涨2.43%

Group 1 - The pig farming sector experienced a rise in stock prices, with the breeding ETF (516760) increasing by 2.43% and significant trading volume observed. Key stocks such as Muyuan Foods (002714) rose by 9.19%, Xiaoming Co. (300967) by 7.19%, and Shennong Development (002299) by 4.46% [1] - The National Development and Reform Commission reported that the national average pig-to-grain price ratio fell below 6:1, prompting the government to initiate central frozen pork reserves. The China Storage Network announced a one-time pork reserve of 10,000 tons on August 25 and a rotational storage of 19,000 tons from August 26 to 29. This storage initiative is expected to boost market sentiment and support a new upward trend in pork prices [1] - Recent funding inflows into the breeding ETF totaled 693,800 yuan, with 9 out of the last 17 trading days showing net inflows, accumulating to 10.8 million yuan [1] Group 2 - The breeding ETF closely tracks the CSI Livestock Breeding Index, which includes listed companies involved in livestock feed, veterinary drugs, and livestock farming. The latest price-to-earnings ratio (PE-TTM) for the index is 13.71, indicating it is at a historical low, below 84.54% of the time over the past three years [2] - The current industry sentiment is at a bottom, providing a sufficient safety margin. With expectations of supply contraction due to anti-involution policies, the profitability and stability of leading pig farming companies are expected to improve significantly, leading to a potential revaluation of quality pig enterprises [2]