Group 1 - The livestock sector is currently active, with the Livestock ETF (159865) seeing a net inflow of over 250 million yuan in the past five days [1] - The opening of the market today saw livestock prices rise against the trend, with the Livestock ETF (159865) increasing by over 0.5% [1] - Institutional reports indicate that the performance of listed pig companies is improving as the pig market rebounded last year, leading to a rise in industry optimism [1] Group 2 - The supply side is supported by nearly three years of capacity clearance, which is the foundation for rising pig prices in 2024 [1] - Although the pace of capacity reduction may fluctuate in the second half of 2024, recent data indicates a return to a downward trend [1] - Cost optimization efforts by pig farming companies have significantly supported the improvement in industry performance [1] Group 3 - While it is too early to declare a turning point for pig prices, the Livestock ETF (159865), currently at a low point, remains worthy of attention [1]