农牧渔板块强势爆发，高“含猪量”农牧渔ETF（159275）盘中涨近2%！布局时机或至？

Core Viewpoint - The agricultural, animal husbandry, and fishery sector is experiencing a strong upward trend, with the first agricultural ETF (159275) showing significant gains, driven by rising prices in key components like edible fungi and poultry feed [1][3]. Market Performance - The agricultural ETF (159275) opened with a maximum intraday increase of 1.84%, closing with a gain of 1.53% [1]. - Key stocks in the sector, such as Zhongxing Junye and Tiankang Biology, saw substantial increases, with some stocks reaching their daily limit [1]. Price Trends - As of October 24, 2025, the average price of live pigs in China was 11.81 CNY/kg, reflecting a week-on-week increase of 0.63 CNY/kg but a year-on-year decrease of 5.74 CNY/kg [2][3]. Industry Insights - Short-term price increases in pig farming are attributed to seasonal consumption recovery and heightened second fattening sentiment, while long-term trends indicate a downward shift in pig prices, leading to increased production losses [3]. - The agricultural sector's valuation remains relatively low, with the market's first agricultural ETF showing a price-to-book ratio of 2.53, placing it in the lower 25.1% of the past decade [3]. Future Outlook - Analysts suggest that the current low prices of live pigs are putting pressure on cash flow for farming entities, potentially accelerating capacity reduction in the industry [4]. - Continuous monitoring of breeding sow inventory is recommended as the industry faces significant losses and ongoing regulatory policies [4]. - The agricultural ETF (159275) is highlighted as a key investment opportunity, tracking the CSI Agricultural Index, with a focus on leading companies in the sector [5].