--- title: "Pig prices continue to hit new lows, with funds betting on a reversal in advance? Agricultural ETF Tianhong (512620) has attracted over 61 million yuan in the past 5 days" type: "News" locale: "en" url: "https://longbridge.com/en/news/282918487.md" description: "On April 15th, the Tianhong CSI Agriculture Thematic ETF (512620) performed actively in the A-share market, accumulating over 61 million yuan in the past 5 days. Despite a slight adjustment in the agriculture sector, with the CSI Agriculture Thematic Index falling by 0.25%, component stocks such as Tianbang Foods and Reap Bio performed strongly. The main contract for live pig futures rose, and pig prices hit a 10-year low, leading to increased discussions in the market about a reversal in pig prices. Zhongyou Securities pointed out that losses in the live pig industry are deepening, and signals of supply contraction are gradually accumulating, with expectations that pig prices will gradually stabilize" datetime: "2026-04-16T01:19:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282918487.md) - [en](https://longbridge.com/en/news/282918487.md) - [zh-HK](https://longbridge.com/zh-HK/news/282918487.md) --- # Pig prices continue to hit new lows, with funds betting on a reversal in advance? Agricultural ETF Tianhong (512620) has attracted over 61 million yuan in the past 5 days Yesterday (April 15), the three major A-share indices showed mixed results, with the agriculture sector experiencing slight adjustments. The CSI Agriculture Thematic Index closed down 0.25%. However, among the constituent stocks, **Tianbang Food achieved a three-day limit-up**, Ruipu Biotech rose nearly 4%, Huaying Agriculture increased over 3%, and Tiankang Biotech climbed nearly 3%. In related ETFs, Wind data shows that the agriculture ETF Tianhong (512620) had a total trading volume exceeding 12 million yuan yesterday, with a net inflow of over 41 million yuan. As of April 15, this ETF has accumulated a net inflow of over 61 million yuan in the past five days. **Agriculture ETF Tianhong (512620)** closely tracks the CSI Agriculture Index, covering areas such as breeding and agricultural chemicals. Its constituent stocks include leading agricultural companies like Muyuan Foods, Wens Foodstuff Group, and Haida Group, achieving diversified layouts, and it has also allocated off-market connection funds (Class A 010769, Class C 010770). On the news front, on April 15, the main contract for live pig futures surged rapidly in the afternoon, closing up 3.27%, following a previous day's increase of 1.38%. According to Yicai, **pork prices continue to hit a 10-year low, forcing the entire industry into losses and prompting capacity clearance, with funds preemptively betting on a reversal.** On April 14, the national average price for external three-yuan live pigs dropped to 8.79 yuan/kg, officially breaking below the previous low of 9.92 yuan/kg in the second quarter of 2018. In nominal terms, it set a nearly 10-year historical low since 2015. The ongoing unexpected deep losses have finally broken the previous slow capacity reduction stalemate, showing signs of accelerated clearance. Consequently, discussions in the market about a potential turning point for pork prices by the end of the third quarter are heating up, along with the secondary market's funds betting on the oversold pork sector. Zhongyou Securities believes that as losses in the live pig industry deepen, restocking willingness weakens, and capacity control continues to advance, signals of supply contraction are gradually accumulating. The pig cycle has shifted from a unilateral decline to a transitional bottom phase. It is expected that pork prices will mainly hover at low levels in the first half of the year, exerting pressure on the CPI food items; however, as capacity reduction gradually transmits to the supply side, the further downside space for pork prices may narrow. ### Related Stocks - [512620.CN](https://longbridge.com/en/quote/512620.CN.md) - [000949.CN](https://longbridge.com/en/quote/000949.CN.md) - [002124.CN](https://longbridge.com/en/quote/002124.CN.md) - [300119.CN](https://longbridge.com/en/quote/300119.CN.md) - [002321.CN](https://longbridge.com/en/quote/002321.CN.md) - [002100.CN](https://longbridge.com/en/quote/002100.CN.md) - [002714.CN](https://longbridge.com/en/quote/002714.CN.md) - [300498.CN](https://longbridge.com/en/quote/300498.CN.md) - [002311.CN](https://longbridge.com/en/quote/002311.CN.md) - [601066.CN](https://longbridge.com/en/quote/601066.CN.md) - [02714.HK](https://longbridge.com/en/quote/02714.HK.md) ## Related News & Research - [Hogs Can’t Hold Early Rally and Breakdown](https://longbridge.com/en/news/286823788.md) - [ZAWYA: Tunisia unveils $55bln plan, with water and agriculture as top priorities](https://longbridge.com/en/news/286891521.md) - [Universal Digital Inc. 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