中信农业指数2022年下跌8.44%，跑赢上证指数（下跌15.13%）和沪深300（下跌21.63%）。其中动物保健、渔业、饲料业和养殖业跑赢农林牧渔行业，农产品加工业和种植业跑输农林牧渔行业。22Q3农林牧渔板块基金重仓占股票投资市值比例上升至0.79%。22Q3基金低配比例为0.10%，环比降低0.02pct。预计2023年随着猪肉消费需求恢复叠加转基因产品落地，农业板块基金重仓市值比例或将提升。

12 月出栏量增价跌，布局超跌养猪股。截至1 月13 日，全国猪价14.3元/公斤、周环比下跌5.4%。根据上市公司公告整理，13 家上市猪企12 月合计出栏生猪1261 万头，环比增速扩大至8.9%，猪价跌幅20%，22 年出栏完成度处于98%的较高水平。我们认为，短期供给压力仍在，预计节前生猪供需两旺有望支撑猪价企稳回升；中期受母猪产能恢复较慢以及疫情管控放松影响，23 年猪价或整体优于22 年。目前板块估值已降至历史低位，建议布局低位养猪股投资机会，推荐：1）已经多轮周期验证过成本优势的牧原股份；2）成长确定性高的温氏股份；3）性价比小猪巨星农牧等。

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for artificial photosynthesis by geography and historical trend. The scope of the report extends to sizing of the artificial photosynthesis market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for artificial grass by geography and historical trend. The scope of the report extends to sizing of the artificial grass market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.

The market study aims at estimating the market size and the growth potential of this market. Topics analyzed within the report include a detailed breakdown of the global markets for aquafeed by geography and historical trend. The scope of the report extends to sizing of the aquafeed market and global market trends with market data for 2021 as the base year, 2022 and 2022 as the estimate years and forecast for 2024 with projection of CAGR from 2024 to 2029.