瑞达期货鸡蛋产业日报-20250429

Report Industry Investment Rating - Not provided Core Viewpoint - The price of feed raw materials has increased due to the Sino-US tariff policy, which supports the cost of eggs. However, after the previous strengthening of egg prices, the culling of old hens has slowed down again. Currently, the inventory of laying hens is at a high level, and the newly opened production of laying hens supplemented earlier is gradually increasing, resulting in sufficient egg supply. Meanwhile, as the festival stocking is coming to an end, the purchasing power of downstream terminals has weakened, and egg prices tend to stop rising and decline. From a market perspective, dragged down by the decline in spot prices, the near-term market has also weakened synchronously, and market volatility has increased. It is advisable to wait and see in the short term [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 2989 yuan per 500 kilograms, up 8 yuan; the net long position of the top 20 futures holders is -5033 lots, down 2340 lots; the monthly spread between September and January contracts is 128 yuan per 500 kilograms, unchanged; the futures open interest of the active contract is 141311 lots, down 16805 lots; the registered warehouse receipt volume is 101 lots, unchanged [2] 现货市场 - The spot price of eggs is 3.22 yuan per catty, down 0.03 yuan; the basis (spot - futures) is 229 yuan per 500 kilograms, down 41 yuan [2] Upstream Situation - The national laying hen inventory index is 112.35 (with 2015 as the base of 100), down 4.09; the national culled laying hen index is 96.76 (with 2015 as the base of 100), down 21.67; the average price of laying hen chicks in the main production areas is 4.25 yuan per chick, unchanged; the national new chick index is 138.68 (with 2015 as the base of 100), up 23.55; the average price of laying hen compound feed is 2.74 yuan per kilogram, unchanged; the breeding profit of laying hens is 0.05 yuan per hen, up 0.01 yuan; the average price of culled hens in the main production areas is 10.38 yuan per kilogram, up 0.28 yuan; the average age of culled hens nationwide is 510 days, down 6 days [2] Industry Situation - The average wholesale price of pork is 20.78 yuan per kilogram, down 0.09 yuan; the average wholesale price of 28 key monitored vegetables is 4.5 yuan per kilogram, down 0.02 yuan; the average wholesale price of dressed chickens is 17.34 yuan per kilogram, up 0.22 yuan; the weekly inventory in the circulation link is 1.28 days, up 0.29 days; the weekly inventory in the production link is 1.16 days, up 0.27 days; the monthly export volume of fresh eggs is 10714.73 tons, down 506.3 tons [2] Downstream Situation - The weekly consumption of eggs in the sales areas is 8996 tons, up 4 tons [2] Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.36 yuan per kilogram, unchanged from yesterday; the average price of eggs in Hebei is 6.25 yuan per kilogram, down 0.20 yuan from yesterday; the average price of eggs in Guangdong is 6.83 yuan per kilogram, unchanged from yesterday; the average price of eggs in Beijing is 6.88 yuan per kilogram, down 0.30 yuan from yesterday [2]