养殖ETF（159865）涨超1.5%，行业供需与成本优化成关注焦点

Group 1 - The livestock ETF (159865) rose over 1.5% in early trading on August 26, indicating positive market sentiment towards the livestock sector [1] - According to Galaxy Securities, the average pig price in 2025 is expected to remain relatively stable, with differences arising from the continuous optimization of the total costs by leading pig companies, resulting in profits exceeding expectations [1] - Key factors to monitor in 2025 include changes in pig company production capacity, industry breeding conditions, and slaughter weights, which may lead to unexpected variations [1] Group 2 - In July, the Consumer Price Index (CPI) remained flat year-on-year, while the cumulative trade deficit for agricultural products decreased by 16% [1] - China's agricultural product import value in July was $18.678 billion, a year-on-year increase of 5.14%, while export value was $8.385 billion, up 1.59%, resulting in a trade deficit of $10.293 billion, which is an increase of 8.21% year-on-year [1] - The livestock ETF (159865) tracks the CSI Livestock Index (930707), which selects listed companies involved in livestock feed, breeding, animal vaccines, and veterinary drugs, reflecting the overall performance of the livestock sector [1]