瑞达期货鸡蛋产业日报-20250513

Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core Viewpoints - The increase in corn prices supports the cost of eggs. After continuous decline, egg prices are at a low level within the year, and there is a demand for restocking at low prices in the market, so the spot price tends to stop falling and rebound [2]. - However, the current laying - hen inventory is at a high level, and the newly - opened production of laying hens supplemented earlier is gradually increasing, resulting in sufficient egg supply. The pattern of strong supply and weak demand is difficult to change, which may limit the upward space [2]. - If the spot price remains low in the later period, it may force an increase in the enthusiasm for culling old hens and a decrease in the enthusiasm for replenishment, which is beneficial to the long - term price. Attention should be paid to the impact of the spot price on the laying - hen inventory [2]. - From the perspective of the futures market, the decline of futures prices has slowed down after falling to the previous low. It is advisable to wait and see in the short term [2]. 3. Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 2918 yuan/500 kilograms, a decrease of 9 yuan compared with the previous period [2]. - The net long position of the top 20 futures holders is - 3446 hands, a decrease of 1527 hands [2]. - The egg futures monthly spread (9 - 1) is 109 yuan/500 kilograms, an increase of 11 yuan [2]. - The futures trading volume of the active contract is 100393 hands, a decrease of 2576 hands [2]. - The registered warehouse receipt volume is 0 hands, unchanged [2]. 现货市场 - The egg spot price is 3.22 yuan/jin, an increase of 0.09 yuan [2]. - The basis (spot - futures) is 298 yuan/500 kilograms, an increase of 102 yuan [2]. Upstream Situation - The national laying - hen inventory index is 112.35 (with 2015 = 100), a decrease of 4.09 [2]. - The national culling laying - hen index is 96.76 (with 2015 = 100), a decrease of 21.67 [2]. - The average price of laying - hen chicks in the main production areas is 4.2 yuan/feather, unchanged [2]. - The national new - chick index is 138.68 (with 2015 = 100), an increase of 23.55 [2]. - The average price of laying - hen compound feed is 2.8 yuan/kg, an increase of 0.04 yuan [2]. - The laying - hen breeding profit is - 0.3 yuan/hen, a decrease of 0.15 yuan [2]. - The average price of culled hens in the main production areas is 10.5 yuan/kg, an increase of 0.02 yuan [2]. - The national culling - hen age is 510 days, a decrease of 6 days [2]. Industry Situation - The average wholesale price of pork is 20.81 yuan/kg, a decrease of 0.04 yuan [2]. - The average wholesale price of 28 key - monitored vegetables is 4.29 yuan/kg, a decrease of 0.04 yuan [2]. - The average wholesale price of white - striped chickens is 16.93 yuan/kg, a decrease of 0.34 yuan [2]. - The weekly inventory in the circulation link is 1.33 days, an increase of 0.05 days [2]. - The weekly inventory in the production link is 1.19 days, an increase of 0.03 days [2]. - The monthly export volume of fresh eggs is 10714.73 tons, a decrease of 506.3 tons [2]. Downstream Situation - The weekly consumption of eggs in the sales areas is 8816 tons, a decrease of 180 tons [2]. Industry News - The average price of eggs in Shandong, the main production area, is 6.58 yuan/kg, an increase of 0.20 yuan compared with the previous day; in Hebei, it is 6.18 yuan/kg, an increase of 0.21 yuan; in Guangdong, it is 6.41 yuan/kg, unchanged; in Beijing, it is 6.84 yuan/kg, an increase of 0.20 yuan [2]. Key Points of Attention - There is no news today [2].