农业行业周报：猪价稳中震荡，糖价有所回落

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 Viewpoints - The agricultural sector underperformed the market, with the Shanghai and Shenzhen 300 Index rising by 1.32% while the agricultural sector increased by 3.24%, ranking 11th among 31 sub-industries [6][16] - The report highlights a mixed performance in sub-sectors, with the fishery sector up by 11.07%, planting sector up by 5.28%, and animal health sector up by 6.00% [6][16] - Pig prices are experiencing slight fluctuations, with the national average price for pigs at 16.51 CNY/kg, a week-on-week increase of 0.18% [44] - The report anticipates a new upward cycle for pig prices starting in Q2 2024 due to a decrease in supply and seasonal demand improvements [7] Summary by Sections Market Review - The agricultural sector's performance was noted, with specific sub-sectors showing varied growth rates during the reporting period [6][16] Livestock Prices - As of November 29, the average price for pigs was 16.51 CNY/kg, with a slight increase from the previous week, while the price for broiler chickens was 3.85 CNY/500g, showing a decrease [44] Investment Recommendations - The report suggests focusing on companies with cost advantages and faster growth rates in livestock production, such as Wens Foodstuffs and Muyuan Foods [7] Agricultural Prices - The report provides a detailed overview of agricultural prices, including grains, oils, and livestock, indicating trends and changes in pricing [41]