Agricultural ETF E Fund strengthened, rising over 2%, as live pig prices continue to bottom out, and the industry welcomes a new round of accelerated capacity reduction window

As of April 2, 2026, 13:37, the CSI Modern Agriculture Theme Index (930662) surged by 2.00%, and the agriculture ETF E Fund (562900) rose by 2.09%, with an intraday turnover of 9.81% and a transaction volume of 13.8692 million yuan.

As of April 1, the latest net inflow of funds into the agriculture ETF E Fund (562900) was 3.8272 million yuan. Looking at a longer time frame, a total of 32.2526 million yuan has been "absorbed" over the past 23 trading days.

According to monitoring data from the Ministry of Agriculture and Rural Affairs, the national average price of live pigs in the fourth week of March has fallen to 10.68 yuan per kilogram, a decrease of 3.3% month-on-month and 29.8% year-on-year, reaching a nearly eight-year low. According to official news, to maintain the stable operation of the pork market and better play the role of central reserves, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance are currently carrying out the central reserve frozen pork storage work. In the next step, the Ministry of Commerce will continue to closely monitor the pork market situation, strengthen trend analysis, and work with relevant departments to ensure reserve regulation and maintain stable market operations.

The price of live pigs continues to probe the bottom, having fallen below 10 yuan/kg and reaching a nearly ten-year low, with the industry fully plunged into deep losses, and both fat pigs and piglets experiencing accelerated losses, leading to a reduction in production capacity. Shenwan Hongyuan Research believes that the current pig farming industry has entered the "darkest hour," but expectations for a cyclical reversal are continuously solidifying, and the left-side investment logic of the sector is smooth; against a backdrop of ample supply, companies with strong cost control capabilities will continue to gain market share, and breeding efficiency and cost advantages will become core barriers to navigating the cycle.

Recently, geopolitical conflicts have pushed up the central price of international oil, further highlighting the importance of food security, and agricultural chemicals have entered an upward cycle. Huaxin Securities points out that rising oil prices and geopolitical conflicts will directly drive global grain prices upward, and historically, the 1-2 years following a rise in grain prices often mark a key window for the onset of a major cycle in agricultural chemicals. The widening price gap for fertilizers and the growth in pesticide demand are likely events, with segments such as phosphorus chemicals, potash fertilizers, and pesticides expected to benefit first.

The agriculture ETF E Fund (562900) closely tracks the CSI Modern Agriculture Theme Index, which selects 30 listed companies involved in fields such as agricultural products, seed industry, feed, animal health and breeding, livestock products, fishery products, and agricultural machinery as index samples to reflect the overall performance of listed companies in the modern agriculture theme