Group 1: Swine Industry - The swine industry in China is currently facing three pressures: declining market prices, rising epidemic risks, and policy guidance, leading to an increased motivation for capacity reduction [1][2] - As of the end of September, the number of breeding sows in China was 40.35 million, a decrease of 30,000 from the previous month and 370,000 from the peak at the end of last year [2] - The average price of live pigs was 11.91 yuan/kg, down 0.58 yuan from the previous week, while the average price of piglets increased to 23.62 yuan/kg, up 0.48 yuan [1][2] Group 2: Poultry Industry - The price of broiler chickens is currently fluctuating at low levels, with the average price of broiler chickens at 3.53 yuan/kg, while the average price of white feather broiler chickens is 13.8 yuan/kg [3] - The poultry industry is experiencing high production capacity, with the number of breeding chickens at historical highs, leading to increased supply and potential price stabilization in the medium term [3] - The yellow chicken prices have been relatively high due to seasonal demand recovery, with prices for Wen's yellow chicken at 13.33 yuan/kg and Lihua yellow chicken at 12.58 yuan/kg [4] Group 3: Animal Health Industry - The animal health industry has seen a recovery in market conditions since the beginning of the year, with major companies expected to report positive third-quarter results [6] - Prices for key antibiotics have remained high, with products like Tiamulin and Tylosin showing price increases compared to the first quarter [6] - There is a notable increase in sales of domestic cat trivalent vaccines, indicating growth potential in the market as domestic alternatives become more prevalent [6]