Sou Hu Cai Jing·2026-01-15 02:15Core Viewpoint - The agricultural, animal husbandry, and fishery sector is experiencing a positive trend, with the highest "pig content" ETF (159275) showing a 0.51% increase in price as of the latest report, indicating a recovery in the market [1][3]. Group 1: Market Performance - The agricultural, animal husbandry, and fishery ETF (159275) opened with a continuous upward trend, rising by 0.51% [1]. - Key stocks in the sector, such as Guan Nong Biological, have seen significant gains, with some stocks increasing by over 5% [1][3]. - The ETF's underlying index, the CSI Agricultural, Animal Husbandry, and Fishery Index, has a price-to-book ratio of 2.53, which is at a low point compared to the past five years [3]. Group 2: Industry Insights - The feed industry is showing signs of recovery, with upstream raw material prices at a cyclical low and structural recovery in downstream breeding [3]. - The pig farming industry has entered a loss phase again, but market and policy factors are accelerating capacity reduction, leading to a decrease in the number of breeding sows [3]. - The pet food industry is highlighted for its growth potential, shifting competition from marketing to research and supply chain [3]. Group 3: Future Outlook - Analysts are optimistic about the pig farming sector, expecting a turning point in pig prices by Q2 2026 due to policy and market forces driving capacity reduction [3]. - The agricultural, animal husbandry, and fishery ETF (159275) is positioned as a strategic investment opportunity, covering major players in the pig farming industry and related sectors [4][6].