农林牧渔周观点：节后畜禽价格走势偏强，重视养殖盈利持续性

Investment Rating - The report rates the agricultural sector as "Overweight," indicating a positive outlook for the industry compared to the overall market performance [3][5][31]. Core Insights - The report highlights a strong rebound in livestock prices post-holiday, with a focus on the sustainability of farming profitability. It emphasizes the ongoing growth in the pet food sector and the anticipated commercialization of genetically modified corn in 2024 [3][5]. - The report suggests monitoring key companies in the pet food, planting, and breeding chains, including Guobao Pet, Zhongchong Co., and Muyuan Foods [3][5]. Summary by Relevant Sections Market Performance - The Shenwan Agricultural Index fell by 7.6%, while the CSI 300 dropped by 3.3%. The top five gainers included Wancheng Group (up 16.9%) and ST Tianbang (up 4.6%), while the biggest losers were Andeli (down 16.8%) and Juxing Agriculture (down 16.8%) [5][11]. Livestock Farming - Post-holiday, pig prices have rebounded significantly, with the average price for external three yuan pigs at 18.15 yuan/kg, a week-on-week increase of 3.5%. The average weight of pigs remains stable at 125.87 kg [3][5]. - The report notes a decline in piglet prices, with the average price for 15 kg piglets at 438 yuan/head, down 51 yuan from before the National Day holiday, indicating a continued low enthusiasm for restocking [3][5]. Poultry Farming - The price of broiler chicks has risen, with the average price for white feather broiler chicks at 4.30 yuan/chick, a week-on-week increase of 11.7%. The average price for broiler chickens has also seen a slight increase [3][5]. Pet Food Industry - The domestic pet food market continues to show resilience, with sales in September reaching 2.56 billion yuan, a year-on-year increase of 35% and a month-on-month increase of 20%. Key players like Guobao Pet and Zhongchong Co. are expected to maintain steady market share growth [3][5].