猪企龙头强强对话，全市场唯一农牧渔ETF（159275）开盘走高！机构：行业基本面和估值有望修复

Core Viewpoint - The agricultural, animal husbandry, and fishery sector is experiencing a positive trend, with the highest "pig content" ETF (159275) showing a price increase of 0.51% as of January 15, 2026, indicating a recovery in the market [1][8]. Group 1: Market Performance - The agricultural, animal husbandry, and fishery ETF (159275) opened with a continuous upward trend, reflecting a market recovery [1][8]. - Key stocks in the sector, such as Crown Agricultural and Huazi Industrial, saw significant gains, with Crown Agricultural rising over 5% and several others increasing by more than 3% [1][8]. Group 2: Industry Insights - The feed industry is showing signs of recovery, with upstream raw material prices at a cyclical low and structural improvements in downstream breeding [3][10]. - The pig farming industry has entered a loss phase again, driven by market and policy factors that are accelerating capacity reduction, leading to a decrease in the number of breeding sows [3][10]. - The current valuation of the agricultural, animal husbandry, and fishery sector is relatively low, with the ETF's underlying index price-to-book ratio at 2.53, indicating a favorable long-term investment opportunity [3][10]. Group 3: Future Outlook - The pig farming sector is expected to benefit from recent policies and market dynamics that promote capacity reduction, with a potential price turning point anticipated in Q2 2026 [4][11]. - The agricultural, animal husbandry, and fishery ETF (159275) is highlighted as a key investment vehicle, tracking major stocks in the pig farming industry and related sectors [4][11].