Agricultural ETF E Fund outperforms with a rise of over 2%, hog prices continue to hit new lows, and the industry enters a new round of capacity reduction acceleration window

As of April 2, 2026 13:37, the CSI Modern Agriculture Theme Index (930662) is strongly up by 2.00%, the Agriculture ETF E Fund (562900) is up by 2.09%, with an intraday turnover rate of 9.81% and trading volume of 13.8692 million yuan.

As of April 1, the latest net capital inflow of the Agriculture ETF E Fund (562900) was 3.8272 million yuan. Looking over a longer period, over the past 23 trading days, the total amount of funds “attracted” was 32.2526 million yuan.

Monitoring data from the Ministry of Agriculture and Rural Affairs shows that in the fourth week of March, the national average price of live pigs has fallen to 10.68 yuan per kilogram, down 3.3% month on month and down 29.8% year on year, hitting the lowest level in nearly 8 years. According to official information, to maintain the stable operation of the pork market and better play the role of central reserves in regulation, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance are currently carrying out central reserve frozen pork reserve collection work. Next, the Ministry of Commerce will continue to closely monitor pork market conditions, strengthen trend analysis, and work with relevant departments to do a good job in reserve regulation, ensuring stable market operations.

With hog prices continuing to hit the bottom, they have fallen below 10 yuan per kilogram and reached a near ten-year low. The entire industry has fallen into deep losses, and accelerated capacity deleveraging is occurring as both fat pigs and piglets continue to lose money. Shenwan Hongyuan Research believes that hog farming has entered the “darkest hour,” but expectations of a cyclical reversal are being steadily strengthened, and the sector’s left-side investment logic is smooth. In a context of ample supply, companies with strong cost-control capabilities will continue to gain market share, and breeding efficiency and cost advantages will become the core barriers for crossing cycles.

Recently, geopolitical conflicts have pushed up the international oil price center, further highlighting the importance of food security, and agrochemical products are entering an upward cycle of prosperity. Huaxin Securities pointed out that rising oil prices and geopolitical conflicts will directly drive global grain prices higher, and historically, the 1-2 years after grain prices rise are often key windows for the start of large agrochemical cycles. The widening fertilizer price spread and growing demand for pesticides are likely to be highly probable events; among them, phosphate chemicals, potash fertilizers, and pesticide sub-sectors are expected to benefit first.

The Agriculture ETF E Fund (562900) closely tracks the CSI Modern Agriculture Theme Index. The CSI Modern Agriculture Theme Index selects securities of 30 listed companies whose businesses involve areas 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.