Sou Hu Cai Jing·2025-12-10 06:16Core Viewpoint - The agricultural, animal husbandry, and fishery sector is experiencing a rise, with the only agricultural ETF (159275) increasing by 0.93% as of the report time, driven by significant gains in individual stocks within the sector [1][3]. Group 1: Market Performance - The agricultural ETF (159275) has shown a price increase of 0.93%, with a trading price of 0.981 [2]. - Key stocks in the sector include Shennong Seed Industry, which hit the daily limit with a 20% increase, and other notable performers like Tianma Technology and Hainan Rubber, which rose by over 7% and 5% respectively [1][3]. Group 2: Industry Trends - The average price of market pigs has been declining since early November, with a reported price of 11.11 CNY/kg as of December 5, reflecting a 0.18% week-on-week decrease [2][3]. - The Ministry of Agriculture and Rural Affairs has announced measures to strengthen the regulation of pig production capacity and adjust the target for the normal retention of breeding sows [3]. Group 3: Valuation and Investment Opportunities - The current valuation of the agricultural and fishery sector is considered low, with the market's highest "pig-related" ETF showing a price-to-book ratio of 2.48, which is at the 21.48% percentile of the last decade [3]. - Analysts suggest that the ongoing reduction in production capacity within the pig farming industry may lead to an upward adjustment in pig prices in the medium to long term, with a focus on improving quality and efficiency [3][4].