Aquaculture ETF Penghua (159867) rose over 2.4%, and Muyuan Foods' slaughter and meat business achieved its first annual profit.

In terms of news, Muyuan Foods plans to slaughter 28.66M pigs in 2025 and sell 3.23 million tons of fresh and frozen pork products. The slaughter and meat business achieved operating revenue of 45.23B yuan, an increase of 86.32% compared to the same period last year. After six years of developing the slaughter and meat sector, Muyuan Foods has finally achieved annual profitability in this segment.

CITIC Securities pointed out that the current pig breeding industry has entered its “darkest hour”: in late March, the first peak season piglet loss in nearly five years occurred, coupled with the fat pig price falling below 9.5 yuan/kg, leading the industry into deep losses across the board; according to Yongyi Consulting’s estimates, the average loss per sow in large-scale farms with 5,000–10,000 sows has increased to 344.9 yuan per head, up 53 yuan from the previous week. Against this backdrop, the pace of culling reproductive sows is expected to shift from “passive observation” to “active reduction,” with supply pressure gradually easing starting in the second quarter of 2026, and signs of cycle reversal becoming increasingly clear.

As of 10:10 on April 2, 2026, the CSI Livestock Breeding Index(930707) surged 2.49%, with constituent stocks such as Chengdu Bosen Biological up 8.83%, China Animal Husbandry Group up 5.80%, Lihua Group up 4.98%, Juxing Agriculture, Tainong Biological, and others following suit. The Penghua Livestock Breeding ETF(159867) increased by 2.45%, with the latest price at 0.63 yuan.

The Penghua Livestock Breeding ETF closely tracks the CSI Livestock Breeding Index, which selects listed companies involved in animal feed, veterinary drugs, and livestock farming as samples to reflect the overall performance of livestock breeding-related listed companies.

Data shows that as of March 31, 2026, the top ten weights in the CSI Livestock Breeding Index(930707) are Wen’s Food Group, Haida Group, Muyuan Foods, Zhengbang Technology, Meihua Biological, New Hope, Biological Co., Ltd., North Agriculture, Sanong Development, and Lihua Group, with the top ten stocks accounting for a total of 67.68%.