瑞达期货鸡蛋产业日报-20250701

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint The egg industry has entered a seasonal off - peak demand period, with a high inventory of laying hens and significant pressure from newly - opened laying hens. The supply of eggs is relatively abundant. Affected by the rainy season, the storage cost of eggs has increased, leading to cautious purchasing by downstream dealers. Egg prices are at a relatively low level compared to the same period, and the breeding end is in a continuous loss state. However, as the price reaches a relatively low level, the process of culling old hens has accelerated, reducing the inventory expectation. The futures price has shown a tendency to stop falling and recover after reaching a low - valuation area, and it is advisable to try long positions with a light position [2]. 3. Summary by Related Catalogs Futures Market - The closing price of the active egg futures contract is 3,568 yuan/500 kilograms, with a week - on - week increase of 2; the net long position of the top 20 futures holders is - 22,089 lots, a decrease of 400; the monthly spread (9 - 1) of egg futures is 51 yuan/500 kilograms, a decrease of 2; the trading volume of the active egg futures contract is 194,634 lots, a decrease of 8,395; the registered warehouse receipt volume is 55 lots [2]. 现货市场 - The spot price of eggs is 2.67 yuan/jin, a decrease of 0.03; the basis (spot - futures) is - 896 yuan/500 kilograms, a decrease of 29 [2]. Upstream Situation - The national laying hen inventory index is 110.89 (2015 = 100), a decrease of 1.46; the national culling laying hen index is 108.68 (2015 = 100), an increase of 11.92; the average price of laying hen chicks in the main production areas is 4 yuan/chick, unchanged; the national new chick index is 106.78 (2015 = 100), a decrease of 31.9; the average price of laying hen compound feed is 2.74 yuan/kg, unchanged; the breeding profit of laying hens is - 0.41 yuan/hen, an increase of 0.06; the average price of culled hens in the main production areas is 9.24 yuan/kg, an increase of 0.36; the national culling hen age is 506 days, a decrease of 4 [2]. Industry Situation - The average wholesale price of pork is 20.2 yuan/kg, a decrease of 0.08; the average wholesale price of 28 key - monitored vegetables is 4.33 yuan/kg, a decrease of 0.02; the average wholesale price of dressed chickens is 17.12 yuan/kg, a decrease of 0.04; the weekly inventory in the circulation link is 1.22 days, an increase of 0.18; the weekly inventory in the production link is 1.12 days, an increase of 0.2; the monthly export volume of fresh eggs is 12,792.51 tons, a decrease of 110.81 [2]. Downstream Situation - The weekly consumption of eggs in the sales area is 7,937 tons, an increase of 410 [2]. Industry News - The average price of eggs in Shandong, the main production area, is 5.20 yuan/kg, a decrease of 0.08 compared to the previous day; the average price of eggs in Hebei is 4.99 yuan/kg, a decrease of 0.14; the average price of eggs in Guangdong is 6.20 yuan/kg, unchanged; the average price of eggs in Beijing is 5.50 yuan/kg, a decrease of 0.10 [2].