A股震荡之际，这个赛道持续逆市吸金，原因何在？

Core Viewpoint - Significant capital is flowing into the agricultural, animal husbandry, and fishery sectors, which are perceived as undervalued despite the overall market stagnation [1][4] Group 1: Industry Dynamics - The pig farming industry is currently facing substantial losses due to declining pork prices, which may lead to a significant industry reshuffle [1] - Recent government policies emphasize supply-side reforms, with major pig farming companies required to reduce production by 1 million heads by the end of the year [1] - Historical data indicates that the pig farming sector has experienced four cycles since 2006, and current prices are at a four-year low, suggesting limited downside potential [1][3] Group 2: Market Valuation - The agricultural, animal husbandry, and fishery sectors are viewed as a "golden pit" for investment, with the agricultural ETF's price-to-book ratio at 2.57, placing it in the 29.3 percentile of the last decade [4][5] - The current valuation levels are below historical averages, indicating a potential for significant upside as the industry recovers [5] Group 3: Future Outlook - Long-term projections suggest that as the market clears and supply-side policies take effect, pork prices are expected to stabilize and eventually rise [3] - The correlation between pork prices and the stock prices of pig farming companies is strong, indicating that an increase in pork prices could lead to substantial profits for these companies [3] - Investment institutions express optimism about the agricultural sector's role in food security and economic development, highlighting opportunities in large-scale farming and emerging consumer trends [6]