农林牧渔行业周报：它博会开幕，揭开宠物行业高景气

Investment Rating - The report indicates a positive outlook for the pet industry, highlighting its rapid growth and potential investment opportunities [1][15][17]. Core Insights - The pet industry is experiencing significant growth, with exhibition space increasing from 42,000 square meters in 2021 to 100,000 square meters by 2025, representing a 138% growth [1][15]. - The number of exhibitors has surged from 400 in 2021 to 1,200 by 2025, marking a 200% increase [1][15]. - The first day of the event saw a 43% increase in attendees compared to the previous year, with a new procurement event attracting over 120 exhibitors and 3,262 high-quality buyers [1][15]. - The transaction volume during the two-day professional visitor day exceeded 35 million yuan, a 175% increase year-on-year [1][15]. - The report emphasizes the importance of new product iterations in driving industry upgrades, with over 300 exclusive new products launched this year [2][16]. Summary by Sections Livestock Farming - The average price for lean pigs is 14.73 yuan/kg, down 0.3% from last week, indicating a relatively low valuation in the market [3][17]. - The average price for white feather chickens is 7.45 yuan/kg, down 0.4%, while chicken product prices remain stable at 8.9 yuan/kg [3][17]. - The report suggests focusing on leading companies with cost-effective growth potential, such as Muyuan Foods and Wens Foodstuff Group [3][17]. Agricultural Products - The approval of genetically modified varieties is set to enter commercial sales, with potential for significant growth in the sector [3][17]. - The report highlights the investment potential in the agricultural sector, particularly in companies that can leverage procurement and scale advantages [3][17]. Market Trends - The agricultural sector has underperformed the broader market by 1 percentage point this week, with a 1% increase in the agricultural sector overall [8][12]. - The report notes a 3.87% increase in the fishery sector, indicating a positive trend in that area [12][8].