农林牧渔行业周报：10月集团场生猪出栏节奏加快，宠物多条赛道持续利好

Investment Rating - The report maintains a recommendation rating for the pig farming and pet food industries [5][22]. Core Insights - The pig farming industry has seen an acceleration in the outflow of pigs in October, leading to a decrease in sales revenue for most companies due to falling pig prices. However, companies like Tangrenshen, Zhengbang Technology, and Muyuan Foods have reported significant increases in their monthly outflow [3][19]. - The pet food market is expanding both domestically and internationally, with domestic brands increasingly replacing foreign products in the vaccine sector. The development prospects for pet hospitals are also promising [4][22]. Summary by Sections 1. Industry Review - The report highlights that from November 4 to November 8, 2024, the stock indices showed significant increases, with the pig farming sector experiencing varied performance among companies [13][19]. - The report notes a recent outbreak of foot-and-mouth disease in a pig slaughterhouse in Guangxi, which has been effectively controlled [17]. 2. Current Perspectives - The report emphasizes the need for strategic investments in quality pig farming companies during the industry's adjustment period, as it is expected to lead to consolidation and an increase in industry concentration [19][21]. 3. Recommended Stocks - Key recommendations include: - Juxing Agriculture (603477.SH) for its leading cost position and potential for cost reduction [5][23]. - Zhengbang Technology (002157.SZ) for its recovery potential following restructuring [5][23]. - Dekang Agriculture (2019.HK) for its competitive cost structure [5][23]. 4. Industry Data - As of November 8, 2024, the average price for pigs was reported at 17.13 yuan/kg, with a week-on-week decrease of 1.27% [26][31]. - The report provides detailed data on feed prices, indicating fluctuations in corn and soybean prices, which are critical for the pig farming industry [26][31].