The agriculture, livestock, and fisheries sector opened higher and fluctuated upwards today (January 15). The market's highest "pig exposure" Agriculture, Livestock & Fisheries ETF (159275) continued trading in positive territory after opening. As of this writing, its price was up 0.51%.
Regarding constituent stocks, some individual stocks in sectors like animal health and livestock breeding led the gains. As of this writing, Guan Nong Bio surged over 5%, while Hui Sheng Bio, Hua Zi Shi Ye, Mei Hua Bio, Xiao Ming Gu Fen, and others followed with gains exceeding 3%.
On the news front, from December 26 to 27, 2025, a delegation led by Wen's Co., Ltd. Vice President Zhang Xiangbin visited Mu Yuan Co., Ltd. The two sides held in-depth exchanges on areas including breeding pig health management, feed nutrition, and environmental protection technologies, promoting industry-wide technical sharing and collaborative development. Additionally, in December 2025, 22 listed pig farming enterprises (including Mu Yuan, Wen's, New Hope, etc.) collectively sold 20.78 million pigs, with most showing year-on-year and month-on-month growth.
Shanxi Securities pointed out that the feed industry's景气度 is bottoming out and recovering, with upstream raw material prices at cyclical lows and downstream breeding showing structural repair. The pig farming industry has re-entered a loss-making zone, with both market forces and policy adjustments accelerating capacity reduction. The inventory of breeding sows is declining at an accelerated pace, suggesting potential recovery for both industry fundamentals and valuations. This week, hog prices rose sequentially, narrowing farming losses. The pet food industry demonstrates prominent growth, with competition shifting from heavy marketing to a focus on R&D and supply chain.
From a valuation perspective, the agriculture, livestock, and fisheries sector remains at relatively low levels, potentially presenting a favorable配置时机. Data shows that as of yesterday's close (January 14), the price-to-book ratio of the CSI All Share Agriculture, Livestock & Fisheries Index, tracked by the market's highest "pig exposure" Agriculture, Livestock & Fisheries ETF (159275), was 2.53 times, situated at a low 26.17% percentile point over the past five years, highlighting its medium-to-long term配置性价比.
Looking ahead, Orient Securities expressed optimism for the pig breeding sector. Recent policy and market forces are jointly accelerating capacity reduction in the pig farming industry. Combined with data on newborn piglets, a turning point in hog prices is anticipated in Q2 2026, with long-term improvement in sector performance looking promising.
To position for a reversal in the pig cycle, focus on the market's sole Agriculture, Livestock & Fisheries ETF (159275). According to China Securities Index Co., Ltd., the Agriculture, Livestock & Fisheries ETF (159275) passively tracks the CSI All Share Agriculture, Livestock & Fisheries Index. Its heavyweight constituents include leading pig farming stocks like Mu Yuan Co., Ltd. and Wen's Co., Ltd., and it also covers major sub-sectors of the agriculture, livestock, and fisheries industry chain such as feed, grain planting, and animal health. Off-exchange investors can also access the sector through the Agricultural, Livestock & Fisheries ETF联接基金 (Class A 013471 / Class C 013472).
Data source: Wind, as of end of November 2025. Industry classification follows Shenwan third-tier industry classification. Image and data sources: Shanghai and Shenzhen Stock Exchanges, etc., as of January 15, 2026. Note: "The market's sole Agriculture, Livestock & Fisheries ETF (159275)" refers to the only ETF tracking the CSI All Share Agriculture, Livestock & Fisheries Index. "The market's highest 'pig exposure' Agriculture, Livestock & Fisheries ETF (159275)" indicates that, as of end-November 2025 based on Shenwan third-tier industry classification, the pig farming sector weighting within the ETF's underlying CSI All Share Agriculture, Livestock & Fisheries Index was 39.44%, higher than the pig farming sector weightings in comparable indices like the CSI Livestock Index tracked by similar ETFs. "The market's first" refers to the first ETF tracking the CSI All Share Agriculture, Livestock & Fisheries Index. Risk Warning: The Agriculture, Livestock & Fisheries ETF passively tracks the CSI All Share Agriculture, Livestock & Fisheries Index, which has a base date of December 31, 2004, and was published on December 12, 2016. The index constituents are adjusted according to its compilation rules, and its backtested historical performance does not indicate future index performance. Any stocks mentioned are listed solely for the objective illustration of index constituents and do not constitute stock recommendations or represent the investment direction of the fund manager. All information appearing herein (including but not limited to stocks, commentary, forecasts, charts, indicators, theories, and expressions of any form) is for reference only. Investors must be responsible for any independent investment decisions. Furthermore, any views, analysis, or forecasts herein do not constitute investment advice of any form for readers, and Hua Bao Fund shall not be liable for any direct or indirect losses arising from the use of this content. Investors should carefully read the "Fund Contract," "Prospectus," "Fund Product Summary," and other legal fund documents to understand the fund's risk-return characteristics and select products matching their own risk tolerance. A fund's past performance does not predict its future results, and the performance of other funds managed by the fund manager does not guarantee this fund's performance. Based on the fund manager's assessment, the Agriculture, Livestock & Fisheries ETF has a risk rating of R3-Medium Risk, suitable for investors with a Balanced (C3) or higher risk profile. Suitability matching opinions are subject to the selling institution. Selling institutions (including the fund manager's direct sales channels and other selling institutions) evaluate the above fund's risk according to relevant laws and regulations. Investors should promptly pay attention to the suitability opinions issued by the fund manager. Suitability opinions from various selling institutions may not necessarily be consistent, and the risk rating results for the fund product issued by fund selling institutions shall not be lower than the risk rating result determined by the fund manager. Differences may exist between the fund's risk-return characteristics described in the fund contract and its risk rating due to different consideration factors. Investors should understand the fund's risk-return profile and cautiously select fund products based on their investment objectives, horizon, experience, and risk tolerance, bearing their own risks. The China Securities Regulatory Commission's registration of the above funds does not indicate a substantive judgment or guarantee of their investment value, market prospects, or returns. Fund investment involves risks.
MACD golden cross signals formed, these stocks are performing well!
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