Group 1 - The core viewpoint of the article highlights the increasing investment interest in the livestock sector, particularly through the Livestock ETF (159865), which saw a net inflow of 1 million units and a total inflow of 20 million units during trading [1] - According to Caitong Securities, pig prices are on the rise due to reduced supply, increased trading of piglets, and a slowdown in the entry of second-breeding pigs, indicating a supply-demand tug-of-war that is pushing prices upward [1] - The Livestock ETF (159865) tracks the China Securities Livestock Index (930707), which selects listed companies involved in livestock farming and feed processing, reflecting the overall performance of the livestock-related securities [1] Group 2 - The China Securities Livestock Index covers multiple sub-sectors, including livestock farming, feed, and animal health, demonstrating strong industry representation [1] - The article anticipates that supply pressure will ease, combined with policy guidance, which may accelerate capacity reduction in the livestock sector [1]