农业周观点：农村工作会议强调粮食安全，关注种业

Investment Rating - The report maintains a "Buy" rating for the agricultural sector, indicating expected returns exceeding 10% relative to the CSI 300 index over the next six months [106]. Core Insights - The recent Central Rural Work Conference emphasized food security and the importance of seed industry revitalization as a key driver for increasing production and ensuring supply [2][14]. - The report highlights the long-term investment value in the seed industry, particularly in biological breeding companies and those with advantageous varieties [13][21]. - The agricultural sector is expected to see a stable increase in grain production, with a projected total grain output of 1.413 trillion jin in 2024, marking an increase of 22.18 billion jin from the previous year [14][54]. Summary by Sections Market Performance - The agricultural sector experienced a decline of 3.65% in the past week, with notable performances from companies like Guai Bao Pet (+6.1%) and Yuehai Feed (+5.4%) [12][13]. - The report notes significant price fluctuations in livestock and poultry, with a focus on the ongoing trends in pig and chicken prices [49][71]. Policy and Industry Trends - The report discusses the government's commitment to enhancing agricultural disaster prevention and mitigation capabilities, ensuring stable grain production [2][28]. - It also mentions the acceleration of domestic alternatives in the pet medicine sector, supported by recent policy initiatives [18][22]. Key Companies to Watch - The report suggests focusing on leading companies in the seed industry such as Longping High-Tech and Dabeinong, as well as prominent players in the pet food market like Guai Bao Pet and Zhongchong Co [7][22][40].