Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-07-07 09:12Report Industry Investment Rating - No information provided Core View of the Report - Eggs have entered the seasonal demand off - season, with high laying - hen inventory and large pressure from newly - laid eggs of previously replenished hens, resulting in sufficient egg supply. Affected by the rainy season, high - temperature and high - humidity climate increases egg storage costs, making downstream dealers cautious in purchasing. Egg prices are continuously at a relatively low level compared to the same period, and the breeding side is in a continuous loss state. However, after the price reaches a relatively low level, the process of old - hen elimination accelerates, reducing the inventory expectation. The near - month futures price drops again due to the decline of the spot price, while the far - month contract is obviously resistant to decline, and it is advisable to try to go long on the far - month contract with a light position [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 3449 yuan/500 kilograms, down 133 yuan; the net long position of the top 20 futures holders is - 30493 hands, up 1462 hands; the egg futures monthly spread (9 - 1) is - 57 yuan/500 kilograms, down 108 yuan; the futures holding volume of the active contract is 181589 hands, up 933 hands; the registered warehouse receipt volume is 153 hands, up 3 hands [2] 现货市场 - The egg spot price is 2.62 yuan/jin, down 0.06 yuan; the basis (spot - futures) is - 831 yuan/500 kilograms, up 77 yuan [2] Upstream Situation - The national laying - hen inventory index is 110.89 (2015 = 100), down 1.46; the national eliminated laying - hen index is 108.68 (2015 = 100), up 11.92; the average price of egg - chicken chicks in the main production areas is 3.9 yuan/feather, down 0.1 yuan; the national new - chick index is 106.78 (2015 = 100), down 31.9; the average price of egg - chicken compound feed is 2.72 yuan/kilogram, down 0.02 yuan; the egg - chicken breeding profit is - 0.58 yuan/head, down 0.17 yuan; the average price of eliminated chickens in the main production areas is 9.4 yuan/kilogram, up 0.16 yuan; the national eliminated - chicken age is 506 days, down 4 days [2] Industry Situation - The average wholesale price of pork is 20.66 yuan/kilogram, up 0.08 yuan; the average wholesale price of 28 key - monitored vegetables is 4.36 yuan/kilogram, up 0.02 yuan; the average wholesale price of dressed chickens is 17.14 yuan/kilogram, up 0.02 yuan; the weekly inventory in the circulation link is 1.22 days, up 0.18 days; the weekly inventory in the production link is 1.12 days, up 0.2 days; the monthly export volume of fresh eggs is 12792.51 tons, down 110.81 tons [2] Downstream Situation - The weekly consumption of eggs in the sales area is 7937 tons, up 410 tons [2] Industry News - The average price of eggs in Shandong, the main production area, is 5.04 yuan/kilogram, down 0.16 yuan from yesterday; in Hebei, it is 4.90 yuan/kilogram, down 0.09 yuan; in Guangdong, it is 6.00 yuan/kilogram, down 0.20 yuan; in Beijing, it is 5.30 yuan/kilogram, down 0.20 yuan [2]