Net inflow over the past 20 days has exceeded 360 million yuan! The Agriculture ETF Tianhong (512620) underlying index rose nearly 2% yesterday. Institutions are optimistic that this year's industry will be driven by both policy and technology.

Yesterday (April 7), the three major indexes rose collectively. The CSI Agriculture Thematic Index (000949.CSI) rose 1.75%. Among its constituent stocks, China Animal Husbandry hit the daily limit, Cofco Technology rose more than 8%, Juxing Agriculture and Animal Husbandry rose nearly 8%, while Rui pu Bio and Yangnong Chemical rose more than 7%.

Regarding related ETFs, Agriculture ETF Tianhong (512620) recorded a full-day trading volume of 4.2436 million yuan, with a premium/discount rate of 0.06%.

As for fund flows, according to Wind, as of April 3, Agriculture ETF Tianhong (512620) had accumulated inflows of over 360 million yuan in the past 20 days, with a net inflow rate exceeding 45%. The ETF’s latest outstanding shares were 1.07B, and its latest outstanding size was 1.07B yuan.

Agriculture ETF Tianhong (512620) closely tracks the CSI Agriculture Index, covering areas such as livestock breeding and agricultural chemicals. Its constituent stocks bring together leading agricultural enterprises such as Muyuan Co., Ltd., Wen’s Shares, and Haid Group, enabling a diversified allocation, and it also allocates for an off-exchange linked fund (Class A 010769, Class C 010770).

On the news front, according to Securities Times, pork prices have hit the lowest level in more than ten years. On April 3, the domestic hog futures main contract price fell to 9,370 yuan/ton, reaching a new low since listing. Meanwhile, in the spot market, the average price at which hogs are sold fell to below 10 yuan/kg, also the lowest in more than ten years. Faced with the cyclical trough, at present, livestock breeding companies are “getting through the winter” by reducing costs and improving efficiency, optimizing their financial structure, and expanding into overseas markets, in order to enhance their risk resilience.

CITIC Securities believes, in 2026, the agriculture sector is set to be driven by both policy and technology. Food security remains the core policy focus. The commercialization pace of genetically modified breeding is accelerating, driving performance releases among leading seed industry companies. In the hog breeding industry, capacity continues to be optimized; the number of sows in stock has fallen to a reasonable range. In the second half of 2026, hog prices may enter an upward cycle, and profitability improvements for leading companies are expected. In addition, the penetration rate of smart agriculture is rising quickly.