逆市上涨“少数派”！农牧渔ETF（159275）盘中翻红

Core Viewpoint - The agricultural and livestock sector demonstrates resilience amid market pullback, with the highest "pig content" ETF (159275) rising 0.4% despite overall market decline [1]. Group 1: Market Performance - As of November 4, the agricultural and livestock ETF (159275) is trading at a price-to-book ratio of 2.57, which is at the 30.08% percentile relative to the past decade, indicating a favorable long-term investment opportunity [1]. Group 2: Policy and Industry Dynamics - The Ministry of Agriculture and Rural Affairs has reiterated the need for stronger regulation of pig production capacity, with the number of breeding sows in China decreasing to 40.35 million by the end of September, down 450,000 from the peak last year [1]. - East Asia Securities notes that the industry is entering a phase of capacity reduction, with a cumulative decrease of 90,000 breeding sows reported in Q3, and the ongoing losses in pig farming are expected to accelerate this trend [1][2]. Group 3: Investment Opportunities - The agricultural and livestock ETF (159275) tracks the CSI All Agricultural and Livestock Index, which includes leading companies in pig farming such as Muyuan Foods and Wens Foodstuffs, as well as sectors like feed, grain planting, and animal health [2].