养殖ETF（159865）回调近4%，行业前景向好，回调或可布局

Core Viewpoint - The production capacity of breeding sows is expected to continue to decline until December 2025, remaining at historically high levels with further reduction potential. Pig prices are anticipated to gradually recover in 2026, leading to improved farming profitability. [1] Livestock Industry - The price of broiler chickens has seen a rebound, and farming profits are expected to gradually improve. [1] - The animal health sector should focus on leading companies with strong R&D capabilities and smooth progress in research. [1] Seed Industry - The revitalization of the seed industry is ongoing, aiming to achieve technological self-reliance and independent control over seed sources. [1] Pet Industry - There remains significant growth potential in both domestic and international markets for the pet industry. [1] Investment Products - The Livestock ETF (159865) tracks the China Securities Livestock Index (930707), which selects listed companies involved in livestock feed, breeding, vaccines, and veterinary drugs to reflect the overall performance of the livestock farming industry chain. [1] - This index emphasizes allocation within the agriculture and biotechnology sectors. [1]