Investment Rating - Maintain "Add" rating for the agricultural sector [5] Core Views - The pet sector showed strong performance during the 618 pre-sale event, with significant sales growth and a notable increase in domestic brand market share [12][13] - In the pig farming sector, the average selling price of lean pigs decreased to 14.46 CNY/kg, down 1.2% from the previous week, indicating a low valuation environment [14][15] - The poultry sector experienced a slight decline in white feather chicken prices, with the average price at 7.36 CNY/kg, down 0.5% [14][30] - The commercialization of genetically modified varieties is expected to enhance growth potential in the agricultural sector [14] - The fluctuation of agricultural product prices and the ongoing adjustment of poultry production capacity present investment opportunities [14] Summary by Sections Pet Sector - The 618 pre-sale event saw pet category sales exceed last year's first-day total within 100 minutes, with a 180% increase in live-stream sales [12] - Domestic brands are gaining market share, with significant sales growth reported for brands like Jueyan and Toptrees [13] Pig Farming - The average selling price of lean pigs is 14.46 CNY/kg, down 1.2% week-on-week, with a focus on low-cost, high-growth companies like Muyuan Foods and Wens Foodstuffs [14][15] - The average wholesale price of pork remained stable at 20.95 CNY/kg [15] Poultry Farming - White feather chicken prices decreased to 7.36 CNY/kg, while chicken product prices remained stable at 8.86 CNY/kg [30] - The price of meat chicken chicks held steady at 2.85 CNY each [30] Agricultural Products - The approval of genetically modified varieties is set to enter commercial sales, with expectations for growth in industry companies [14] Feed and Vaccines - The agricultural sector is experiencing price volatility, with leading feed companies likely to benefit from their scale and supply chain advantages [14]