China Galaxy Securities' Research Reports point out that based on the value of fertile sows and breeding efficiency, pig prices may show a downward trend year-on-year in 2025, with relatively stable running throughout the year. Coupled with unexpected profits from declining costs, focus on high-quality pig companies with significant marginal cost changes and good financial conditions. The price of yellow chickens is somewhat correlated with pig prices, and considering the low level of self-supply, there is potential for price increases in the future. Focus on the high-growth sub-sector "Pet Sector" in the Agriculture Sector. Attention can be given to the post-cycle of the breeding chain, including the leading Fodder company Guangdong Haid Group, and companies related to animal vaccines. Continuous sectoral attention is being paid as the upstream supply of white chickens contracts in the Industry Chain transmission.