养殖ETF（159865）盘中流入超3亿份，近20日净流入超11亿元，资金抢筹布局

Group 1 - The core viewpoint of the article indicates that the pig farming industry has officially entered a phase of loss and capacity reduction, with significant supply pressure expected to continue in the coming years [1] - Longjiang Securities predicts that the limited improvement in industry debt ratios and liquidity ratios may lead to an accelerated capacity reduction [1] - The interaction between industry capacity regulation policies and loss-driven capacity reduction may result in a more thorough capacity reduction cycle compared to 2021 and 2023 [1] Group 2 - The Livestock ETF (159865) has seen an inflow of 301 million shares and a net inflow of 244 million shares, indicating strong capital interest in livestock assets [1] - The Livestock ETF tracks the China Securities Livestock Index (930707), which selects listed companies involved in livestock farming and feed processing to reflect the overall performance of the livestock industry [1] - The China Securities Livestock Index covers multiple sub-sectors, including livestock farming, feed, and animal health, demonstrating strong industry representation [1]