养殖ETF（159865）流入2100万份，近10日净流入超12亿元，资金积极布局“含猪量”约60%的养殖ETF

Core Insights - The livestock ETF (159865) has seen significant inflows, with 21 million shares flowing in and a net inflow of 19 million shares, indicating strong capital interest in livestock assets [1] - Dongfang Securities highlights that the pig farming industry is likely to undergo a capacity reduction, driven by weak current and expected pig prices, alongside policy support, which may initiate market-driven capacity reduction [1] - The livestock ETF tracks the CSI Livestock Index (930707), which includes listed companies involved in livestock farming, feed processing, and related sectors, reflecting the overall performance of the livestock industry [1] Industry Summary - The pig prices have reached a low point for the year, and there is a possibility of further decline, suggesting that the industry is likely to start market-driven capacity reduction [1] - Policy measures are increasingly restricting the production capacity of leading firms, which, combined with market conditions, is expected to restart overall capacity reduction in the industry, potentially supporting long-term price increases for pigs [1] - The CSI Livestock Index covers various sub-sectors, including livestock farming, feed, and animal health, demonstrating strong industry representation [1]