Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-05-29 09:18Report Summary 1. Report Industry Investment Rating - Not provided 2. Core View of the Report - Corn spot price is firm, supporting egg costs, and egg prices are at a low level within the year, leading to replenishment demand in the market when prices are low. The pre - Dragon Boat Festival stockpiling also provides some support. However, the current egg - laying hen inventory is high, with significant pressure from newly - opened egg - laying hens from previous restocking, resulting in sufficient egg supply. Affected by hot and humid weather, egg storage costs increase, and downstream dealers are cautious in purchasing, so egg prices are at a relatively low level compared to the same period. If the spot price remains low in the later period, it may increase the enthusiasm for old - hen culling and reduce restocking enthusiasm, which is beneficial to long - term prices. The low spot price drags down the near - month futures prices to be generally weak [2] 3. Summary by Related Catalogs 3.1 Futures Market - The futures closing price of the active egg contract is 2916 yuan/500 kilograms, with a week - on - week increase of 34. The net long position of the top 20 futures holders of eggs is - 2503 hands, with a week - on - week increase of 1846. The egg futures monthly spread (9 - 1) is 215 yuan/500 kilograms, with a week - on - week increase of 43. The futures trading volume of the active egg contract is 157158 hands, with a week - on - week decrease of 16075. The registered warehouse receipt volume of eggs is 18 hands, with no week - on - week change [2] 3.2现货市场 - The egg spot price is 2.99 yuan/jin, with no week - on - week change. The basis (spot - futures) is 74 yuan/500 kilograms, with a week - on - week decrease of 34 [2] 3.3 Upstream Situation - The national laying - hen inventory index is 112.35 (with 2015 = 100), with a month - on - month decrease of 4.09. The national culled laying - hen index is 96.76 (with 2015 = 100), with a month - on - month decrease of 21.67. The average price of egg - laying chicken chicks in the main production areas is 4.15 yuan per chick, with no week - on - week change. The national new - chick index is 138.68 (with 2015 = 100), with a month - on - month increase of 23.55. The average price of egg - laying chicken compound feed is 2.78 yuan/kg, with a week - on - week decrease of 0.02. The egg - laying chicken farming profit is - 0.27 yuan per chicken, with a week - on - week decrease of 0.11. The average price of culled chickens in the main production areas is 10.24 yuan/kg, with a week - on - week decrease of 0.2. The national average age of culled chickens is 510 days, with a month - on - month decrease of 6 [2] 3.4 Industry Situation - The average wholesale price of pork is 20.69 yuan/kg, with a week - on - week decrease of 0.15. The average wholesale price of 28 key - monitored vegetables is 4.3 yuan/kg, with a week - on - week decrease of 0.04. The average wholesale price of dressed chickens is 17.21 yuan/kg, with a week - on - week decrease of 0.35. The weekly inventory in the circulation link is 1 day, with a week - on - week decrease of 0.33. The weekly inventory in the production link is 0.92 days, with a week - on - week decrease of 0.27. The monthly export volume of fresh eggs is 10714.73 tons, with a month - on - month decrease of 506.3 [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 8716 tons, with a week - on - week increase of 120 [2] 3.6 Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.08 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 5.56 yuan/kg, a decrease of 0.03 from yesterday; the average price of eggs in Guangdong is 6.20 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 6.40 yuan/kg, unchanged from yesterday [2]