---
title: "Pig prices are declining, leading major enterprises to be cautious in their sales. The agricultural ETF Tianhong (512620) has seen its underlying index rise against the trend, with institutions predicting a rebound in pig prices around May"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282488433.md"
description: "On March 14th, the three major indices of A-shares showed mixed results, with the agricultural ETF Tianhong (512620) rising against the trend, and constituent stocks performing strongly. Analysts expect that pig prices will rebound around May, although current pork prices are declining, and leading enterprises are cautious about their output. The agricultural ETF Tianhong closely tracks the CSI Agriculture Index, with a circulating scale exceeding 1.1 billion yuan, and recently received a net inflow of over 240 million yuan. Market analysis indicates that the pig inventory may reach an inflection point, but supply pressure still exists"
datetime: "2026-04-13T05:04:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282488433.md)
  - [en](https://longbridge.com/en/news/282488433.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282488433.md)
---

# Pig prices are declining, leading major enterprises to be cautious in their sales. The agricultural ETF Tianhong (512620) has seen its underlying index rise against the trend, with institutions predicting a rebound in pig prices around May

On the morning of March 14, the three major A-share indices showed mixed results, with the Shanghai Composite Index down 0.17% at midday. The aquaculture sector performed strongly against the trend, with the **Tianhong CSI Agriculture Thematic Index rising 0.53% by the end of the morning session**. Among the constituent stocks, Tianbang Food and Huaying Agriculture hit the daily limit, Juxing Agriculture and Animal Husbandry rose over 5%, Lihua Co. rose over 4%, and Andisoo rose over 3%.

In related ETFs, the agricultural ETF Tianhong (512620) traded at a noticeable premium in the morning session, with a premium/discount rate of 0.07%. Wind data shows that **this ETF saw a net inflow of over 12 million yuan last week, with a cumulative net inflow of over 240 million yuan in the past 20 trading days.**

As of the latest closing, this ETF has a circulation scale of over 1.1 billion yuan, ranking first among similar products in the Shanghai market.

**The agricultural ETF Tianhong (512620)** closely tracks the CSI Agriculture Index, covering areas such as aquaculture and agricultural chemicals. Its constituent stocks include leading agricultural companies like Muyuan Foods, Wens Foodstuff Group, and Haida Group, achieving diversified layouts, and it also includes off-market linked funds (Class A 010769, Class C 010770).

In terms of news, according to the Daily Economic News, in the first quarter of 2026, pig prices continued to decline, dragging down the revenue of several listed pig companies both year-on-year and month-on-month. In the first quarter, the industry showed significant differentiation, with leading companies like Muyuan Foods, Wens Foodstuff Group, and New Hope being cautious in their output, while second and third-tier pig companies like Zhengbang Technology, Juxing Agriculture and Animal Husbandry, and Dongrui Co. increased their output against the trend, with some companies achieving revenue growth. Analysts expect that pig inventory is likely to reach a turning point of "from increase to decrease" in April, but under the loss cycle, market supply pressure still exists.

**Dongfang Securities** pointed out that from the perspective of the inventory cycle, the current post-slaughter average weight turning point has appeared. Generally, within 1-2 months after the post-slaughter average weight rises, pig prices will show a significant increase, **and it is expected that pig prices will rebound around May.**

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