相关产品：农业ETF易方达（562900）跟踪的中证现代农业指数中，生猪养殖行业占比 43%，养殖行业 占比 49%，投资者可通过该 ETF 分享生猪养殖行业 "反内卷"、向高质量发展迈进过程中的红利。 热点事件：农业农村部计划于9月16召集25家头部企业召开生猪产能调控座谈会，持续强调 "控产能、 降体重、限二育"，体现了官方对生猪产能调控、稳定猪价的决心，行业出清有望加速。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 产业趋势：生猪养殖产业正经历范式变革，传统"猪周期"波动规律逐渐演变为 "振幅收敛、长度缩短、 波动下降"。政策推动全国能繁母猪存栏量调减至正常保有量区间，行业从粗放式规模扩张转向注重成 本与效率，具备成本优势的企业将更具竞争力。 亮点：在行业变革与政策调控下，生猪养殖产业投资逻辑从博弈周期弹性转向关注企业内生价值，龙头 企业凭借成本控制等优势，有望在新一轮竞争中脱颖而出，行业发展质量将持续提升。当前中证现代农 业指数的PB-LF为2.8倍，处于近5年以来的38%。 ...

Market Overview - A-shares showed mixed performance with the Shanghai Composite Index down 0.4%, Shenzhen Component Index up 0.3%, and ChiNext Index down 0.8% [1] - The market saw more stocks declining than rising, with sectors like pork, gaming, consumer electronics, and beauty care leading in gains, while CRO, rare earth permanent magnets, PEEK materials, and military industries faced declines [1] Index Performance - The STAR Market 50 Index, STAR Innovation Index, and ChiNext Index experienced adjustments, with related products seeing capital inflows, as evidenced by net subscriptions of 555 million and 389 million units for the STAR Innovation ETF and ChiNext ETF respectively [1] - The China Modern Agriculture Theme Index rose over 2% due to strong performance in poultry, pork, and agricultural processing sectors, with the corresponding ETF, E Fund (562900), showing active trading [1] Sector Analysis - The current market is characterized as a "healthy bull" market, led by technological growth, with indices reaching new highs without showing signs of overheating [1] - Most industries remain in a moderate crowding zone, with some sectors still at lower crowding levels, indicating a potential for continued market opportunities [1] - The market is experiencing a "blooming" trend, with various sectors and themes alternating in opportunities, suggesting sustainability despite significant upward movements [1] Daily Index Changes - The top performing indices included the Small and Medium 100 Index up 1.56% and the Deep Main Board 50 Index up 1.02%, while the STAR Market 50 Index and STAR Innovation 20 Index both fell by 1.31% [2] - The China Modern Agriculture Index and CS Modern Agriculture Index saw increases of 2.71% and 2.60% respectively, while the Rare Earth Industry Index decreased by 2.37% [2]

Group 1 - The core viewpoint of the article highlights that Muyuan Foods reported a significant year-on-year increase in net profit attributable to shareholders, rising by 1169.77% to 10.53 billion yuan in the first half of the year [1] - The company plans to reduce its breeding sows inventory to 3.3 million heads by the end of the year, actively responding to industry capacity regulation policies [1] - Muyuan Foods intends to distribute over 5 billion yuan in dividends, demonstrating its capability to return value to shareholders [1] Group 2 - CITIC Securities suggests that there may be continued policy intensification, accelerating industry capacity reduction, and continues to recommend the breeding sector, focusing on profitable and innovative companies [1] - The China Modern Agriculture Theme Index, which consists of 30 stocks related to various agricultural sectors, shows that the pig farming industry accounts for over 40% of its weight, with a current price-to-book ratio of 2.67, positioned at the 25th percentile since its inception in 2015 [1] - The E Fund Agricultural ETF (562900) tracks this index and has a low management fee rate of 0.15% per year, providing investors with a cost-effective way to capitalize on the recovery opportunities in the breeding industry [1]