瑞达期货鸡蛋产业日报-20250603

Report Industry Investment Rating - Not provided Core View - After the holiday, eggs enter the seasonal demand off - season, with high egg - laying hen inventory and large pressure from newly - opened egg - laying hens. Egg supply is sufficient. The humid and hot weather increases storage costs, and downstream dealers are cautious in purchasing, so egg prices may remain lower than the same period. However, if the spot price remains low, it may increase the enthusiasm for old hen culling and reduce the enthusiasm for replenishment, which is beneficial to the long - term price. Pay attention to the impact of spot prices on egg - laying hen inventory. The low spot price drags down the futures price, which is generally weak [2] Summary by Directory Futures Market - The futures closing price (active contract) of eggs is 2897 yuan/500 kilograms, a decrease of 41 yuan; the net long position of the top 20 futures holders is 1118 hands, an increase of 4666 hands; the egg futures monthly spread (9 - 1) is 194 yuan/500 kilograms, a decrease of 28 yuan; the futures trading volume (active contract) is 121212 hands, a decrease of 8968 hands; the registered warehouse receipt volume is 0 hands, unchanged [2] Spot Market - The spot price of eggs is 2.86 yuan/jin, a decrease of 0.05 yuan; the basis (spot - futures) is - 35 yuan/500 kilograms, a decrease of 13 yuan [2] Upstream Situation - The national laying hen inventory index is 112.35 (with 2015 = 100), a decrease of 4.09; the national culled laying hen index is 96.76 (with 2015 = 100), a decrease of 21.67; the average price of egg - laying chicken chicks in the main production areas is 4.1 yuan/chick, a decrease of 0.05 yuan; the national new chick index is 138.68 (with 2015 = 100), an increase of 23.55; the average price of egg - laying chicken compound feed is 2.78 yuan/kg, unchanged; the egg - laying chicken breeding profit is - 0.36 yuan/chicken, a decrease of 0.09 yuan; the average price of culled chickens in the main production areas is 9.58 yuan/kg, a decrease of 0.66 yuan; the national culled chicken age is 510 days, a decrease of 6 days [2] Industry Situation - The average wholesale price of pork is 20.59 yuan/kg, a decrease of 0.07 yuan; the average wholesale price of 28 key - monitored vegetables is 4.32 yuan/kg, a decrease of 0.01 yuan; the average wholesale price of dressed chickens is 17.22 yuan/kg, a decrease of 0.37 yuan; the weekly inventory in the circulation link is 1.07 days, a decrease of 0.18 days; the weekly inventory in the production link is 0.97 days, a decrease of 0.2 days; 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 area is 8750.9 tons, a decrease of 58.1 tons [2] Industry News - The average price of eggs in Shandong's main production area is 5.69 yuan/kg, a decrease of 0.18 yuan compared with yesterday; in Hebei, it is 5.33 yuan/kg, a decrease of 0.08 yuan; in Guangdong, it is 6.20 yuan/kg, unchanged; in Beijing, it is 6.04 yuan/kg, a decrease of 0.16 yuan [2] Key Points to Watch - No news today [2]