生猪产能调控座谈会即将于9月16日召开，行业迎“反内卷”新阶段，农业ETF易方达(562900)备受关注

Core Insights - The Ministry of Agriculture and Rural Affairs plans to convene 25 leading enterprises on September 16 to discuss pig production capacity regulation, emphasizing "capacity control, weight reduction, and limited second breeding," reflecting the government's determination to stabilize pig prices and accelerate industry clearing [1] Industry Trends - The pig farming industry is undergoing a paradigm shift, with the traditional "pig cycle" evolving into "converging amplitude, shortened length, and reduced volatility." Policies are pushing the national breeding sow inventory to a normal retention range, shifting the industry from extensive scale expansion to a focus on cost and efficiency, making cost-advantaged enterprises more competitive [1] Highlights - Amid industry transformation and policy regulation, the investment logic in pig farming is shifting from cyclical elasticity to focusing on intrinsic enterprise value. Leading enterprises, leveraging cost control advantages, are expected to stand out in the new competitive landscape, enhancing the quality of industry development. Currently, the PB-LF of the CSI Modern Agriculture Index is 2.8 times, which is at 38% of the level seen in the past five years [1] Related Products - The E Fund Agricultural ETF (562900), which tracks the CSI Modern Agriculture Index, has a 43% allocation to the pig farming industry and a 49% allocation to the breeding industry. Investors can share in the dividends during the industry's transition towards high-quality development and "anti-involution" [1]