农业行业周报：猪价维持震荡，鸡苗价格回落

Investment Rating - The report assigns a "Buy" rating to Haida Group and "Hold" ratings to Wens Foodstuffs, Muyuan Foods, and Pulaike, while recommending "Hold" for Jinlongyu [1]. Core Insights - The agricultural sector outperformed the market, with the agricultural index rising by 3.41% compared to a 0.86% increase in the CSI 300 index during the reporting period [3][9]. - Prices for live pigs and broiler chickens increased, while chick prices decreased. The average price for live pigs was 15.14 CNY/kg, up 0.26% week-on-week, driven by increased consumption expectations during the Qingming Festival [21]. The average price for broiler chickens was 3.90 CNY/jin, up 1.30% week-on-week, while chick prices fell by 5.13% to 3.70 CNY/piece [21]. Summary by Sections Market Review - The agricultural sector ranked 4th among 31 sub-industries, with significant gains in the fishery sector (+8.12%) and pig farming sector (+4.00%) [3][9]. Livestock Prices - The report notes a stable trend in pig prices, with expectations of fluctuations due to seasonal consumption patterns. The average price for live pigs was reported at 15.14 CNY/kg [21]. Investment Recommendations - The report suggests maintaining a focus on the pig farming sector, highlighting that the current valuation levels are relatively low. It recommends companies with cost advantages and faster output growth, such as Huadong Holdings, New Wufeng, and Muyuan Foods [4]. Agricultural Prices - The report provides a detailed overview of agricultural prices, indicating a slight increase in various categories, including grains and oils, while some livestock prices showed mixed trends [20].