According to the China Galaxy Securities Research Report, the livestock and poultry farming chain is still the current focus, focusing on the low layout opportunities of the pig cycle, comprehensively considering the length of losses in the industry, the extent of degeneration of sows, and expectations of the intensification of future supply and demand conflicts, and the historical low valuation of the industry. The focus is on high-quality pig companies with leading cost control and good capital, and can focus on Muyuan Co., Ltd., Wen's shares, and Tiankang Biotech. Second, there is a certain correlation between the price of yellow feather chicken and pig prices. At the same time, considering its low supply-side level, there is a possibility that the price will rise in the future. You can pay attention to Lihua Co., Ltd. Also, focus on the post-cycle sector of the aquaculture chain, including feed leader Haida Group and Guangdong Feed, which focuses on aquatic products; at the same time, focus on the marketing process of new animal vaccine products, and focus on high-quality vaccine companies such as Placo and Zhongmu Co., Ltd. The upstream supply of white feather chicken is shrinking. Overall, it is in the early stages of the upward cycle, and sector attention can be paid.