农业行业周报：毛鸡价格上涨，橡胶价格有所回落

Investment Rating - The report maintains a "Buy" rating for Haida Group and "Hold" ratings for Wens Foodstuffs, Muyuan Foods, Guobao Pet, and Jinlongyu [4]. Core Insights - The agricultural sector underperformed the market, with the CSI 300 index down 3.29% and the agricultural sector down 6.06%, ranking 26th among 31 sub-industries [16]. - The report highlights fluctuations in livestock prices, with a decrease in pig prices and increases in chicken and chick prices [5][6]. - Short-term volatility is expected in the sector, but there is optimism regarding a potential rebound in pig prices as the market enters a traditional consumption demand peak [7]. Summary by Sections Market Review - The agricultural sector's performance was notably poor, with various sub-sectors experiencing significant declines, such as the fishery sector down 13.06% and the planting sector down 6.95% [16][19]. Livestock Prices - As of November 15, the average price of live pigs was 16.27 yuan/kg, down 4.24% week-on-week. Conversely, the price of毛鸡 (hairy chicken) rose to 3.85 yuan/500g, up 1.32% [5][36]. Investment Recommendations - The report suggests focusing on companies with cost advantages and faster growth rates, such as Wens Foodstuffs, Muyuan Foods, and others, as they are expected to perform better in the upcoming market conditions [7]. Valuation Levels - As of November 15, the agricultural sector's price-to-earnings (P/E) ratio was 23.44, compared to the CSI 300's P/E ratio of 11.09. The price-to-book (P/B) ratio for the agricultural sector was 2.41, while the CSI 300's P/B ratio was 1.24 [24].