Pork stocks rose in a straight line in the afternoon, and continued to be strong at the end of the day**, as of December 11, 2023**, superstar agriculture and animal husbandry rose 463% led the rise, recording the highest ** price since listing, with Tiankang Biological, New Hope, Biological Shares, and Pleco among the top gainers.
CSI Livestock Index** and Constituent Stocks Performance].
***wind
Pig Cycle" layout sharp weapon animal husbandry ETF (516670)** rose 138%, closed at 0735 yuan, the premium rate is 005%, with a full-day turnover of 35.26 million yuan.
Livestock ETF (516670)**Figure].
Snowball.
Industry dynamics: Pig prices continue to decline, and the index trend "diverges".
On the news side, according to the data of relevant state departments, as of December 6, the national pig market was 1463 yuan kg, than November 29 **135%；The price of pig grain is 550, than 0 on November 2918%。
Data**: wind
It is worth noting that the recent hogs have been obvious after hitting the bottom of the stage. According to the data, the contract rose 481% at 14,395 yuan ton, more than 1,000 yuan per ton from the low level on December 6.
At the same time, the stock price of listed pig companies has also been obvious in recent times**, and the underlying index of the livestock ETF (516670) CSI Animal Husbandry Index (930707) has accumulated **1095%, the overall performance is significantly stronger than that of A-shares in the same period**.
***wind
Institution: Breeding capacity is de-regulated or enters the acceleration stage].
The latest view of the Yangtze River ** pointed out that the pig breeding industry is at the bottom stage, and with the continuous consumption of cash flow in the industry, the breeding capacity is expected to accelerate the clearance. The current round of pig cycle industry loss time and magnitude have hit a record high, the current stage of the breeding industry is also facing unprecedented cash flow pressure, whether it is the head of the listed group or the industry small and medium-sized farms, the current financial pressure and disease prevention and control is the two core elements that determine whether this round of the pig cycle can be passed.
The essence of the pig breeding industry is survival of the fittest, and high-cost breeding capacity may be phased out. At the current point in time, judging from the fitting of sow and piglet feed data, the overall supply of commercial pigs in the first half of next year may still be abundant, and the industry will continue to lose money for more than 1 year in this cycle. Both the cash flow of the industry and the length of the loss reflect that the aquaculture industry is experiencing the bottom of the clearing, the breeding capacity of the de-escalation or into the acceleration stage.
Pig Cycle "Investment Weapon - Animal Husbandry ETF (516670)].
The CSI Livestock Index (930707CSI) selects listed companies** involved in livestock and poultry feed, livestock and poultry drugs, and livestock and poultry breeding businesses from the Shanghai and Shenzhen A-shares as sample stocks to reflect the overall performance of listed companies related to animal husbandry**. At present, there are 35 constituent stocks in the index, which fully cover the entire industry chain of animal husbandry and breeding, and focus on the layout of the core track of pig breeding. According to historical performance, the animal husbandry sector has shown obvious cyclicality for a long time according to the relationship between supply and demand, and there is a strong correlation between the overall and pig prices.
Livestock ETF Connection**: Pig Cycle "Layout Through Train].
The Livestock ETF has a connection** (A share**014414 C share**014415), which also tracks CSI Livestock (Index**930707CSI), which provides OTC investors with an investment tool for efficient layout of the livestock breeding industry chain.
Risk Warning: **There are risks, investment should be cautious. The above views, opinions and ideas are based on the current situation and are subject to change in the future. Past performance is not indicative of future performance, and other performance managed by the Manager does not constitute a guarantee of this performance. Investors should carefully read the "Contract", "Prospectus", "Product Key Facts Statement" and other legal documents, fully understand the risk and return characteristics of the product, and on the basis of understanding the product situation and listening to the suitability opinions of the sales agency, make independent decisions on the investment and choose the right product according to their own risk tolerance, investment period and investment objectives. For the above views or information quoted from external institutions such as ** company, we do not make any substantive guarantee or commitment to the authenticity, completeness and accuracy of such views and information, nor do they constitute investment recommendations.
The performance of the CSI Animal Husbandry Index in the past five years is as follows: 93%(2021)、-13.21%(2022)。The CSI Animal Husbandry Index is compiled and published by the CSI Index. The Compiler of the Index will take all necessary measures to ensure the accuracy of the Index, but does not guarantee this and will not be liable to any person for any errors in the Index. Past performance of the Index is not indicative of its future performance and does not constitute a guarantee of investment income or any investment advice. Indices operate for a relatively short period of time and do not reflect all stages of market development.
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