Artificial soils include substrates for urban horticulture, potting soils, dike covers, roadsides, garbage pile covers, restored regions, and mining wastes. Urban gardening is practiced in sports and recreation areas, public gardens, and parks. Also, urban gardening entails the practice of cultivating edible and ornamental plants on rooftops, balconies, and windowsills. Potting soils are often used in greenhouses and rooftop gardens to grow potted plants and a wide range of vegetables. Urban horticulture requires dedicated staff and large investments in potting soils for commercial and residential gardening.

Humans are hugely dependent on animals for resources, specifically food. Since time immemorial, the most consumed meat for humans has been derived from animals. One of the many objectives behind humans rearing livestock & continuing to do so is to derive food out of animal meat. As a protein-rich food source, meat is usually preferred by humans to include in their diet. However, with the current global population sky-rocketing every year, it is evident that animals alone would not be able to meet the insatiable urge of humans to be fed. Moreover, it has been a growing concern for an adequate lot of humans being allergic and intolerant toward animal meat. The reasons for this can be variable.

关于猪周期当下的困惑点之一在于猪价拐点何时到来与板块配置的关系，我们认为在能繁母猪持续去化+猪价磨底阶段进行配置，紧抓股价处于相对低位的养殖个股，等待能繁母猪大幅去化+猪价拐点来临，迎接猪价上行周期+养殖股价加速上行阶段。

上周沪深300 指数收于4230.77 点，一周涨跌幅-1.06%，年初至今涨跌幅-14.36%；上证综指收于3251.85 点，一周涨跌幅-0.94%，年初至今涨跌幅-10.66%。申万31 个一级行业中，上周涨幅前三为建筑装饰（+6.06%）、钢铁（+3.97%）、建筑材料（+3.93%）；跌幅前三为农林牧渔（-4.72%）、电力设备（-4.68%）、电子（-4.67%）。其中农林牧渔板块上周涨跌幅为-4.72%，排名第31。年初至今，农林牧渔板块涨跌幅-5.45%，排名第7。

生猪板块，预计板块整体业绩因2022Q1 猪价同比明显下降而承压，其中，我们预计华统股份受益于产能稳步上量，2022Q1 成本或将实现边际改善，预计华统股份2022Q1 归母净利为亏损0.9-1亿元，同比下降216%-229%，亏损幅度在同行中可能将处于较低水平。另外，我们预计牧原股份2022Q1 归母净利为亏损55-65 亿元，同比下降179%-193%，公司成本管理优秀，相较于同行的单位超额盈利优势有望进一步凸显。