建信期货鸡蛋日报-20250718

Report Information - Industry: Eggs [1] - Date: July 18, 2025 [2] - Research Team: Agricultural Products Research Team [4] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [4] Key Points Report's Core View - The spot price of eggs is expected to rise quickly in the first wave, and then be adjusted according to market conditions. Although the fundamental direction is bearish, short - chasing is not recommended. Traders can consider long positions in the 09 contract for band trading and use put options to hedge risks. There is no sign of a significant trend - based rebound for now [8] Market Review and Operation Suggestions - Market Review: The national egg price rose today. The average price in the main production areas was 2.85 yuan/jin, up 0.11 yuan/jin from yesterday; the average price in the main sales areas was 3.09 yuan/jin, up 0.06 yuan/jin from yesterday. The 09 contract fell 0.28%. The 08 contract of eggs closed at 3462, up 5 or 0.14%; the 09 contract closed at 3595, down 10 or - 0.28%; the 10 contract closed at 3371, down 48 or - 1.40% [7] - Operation Suggestions: Pay attention to whether the spot price has a continuous upward trend next week. Long positions can be established in the 09 contract for band trading. Risk - averse traders can buy put options to hedge the risk of the spot price not rising. Adjust positions in real - time based on the spot price increase and basis [8] Industry News - In - production Laying Hens Inventory: As of the end of June, the monthly inventory of in - production laying hens in the country was about 1.34 billion, with a month - on - month increase of 0.4% and a year - on - year increase of 6.8% [9] - Chick Hatchlings: The monthly hatchling volume of laying hens in sample enterprises in June was about 40.75 million, slightly less than that in May and slightly higher than the same period in 2024 [9] - Chicken Culling: The culling volume gradually recovered after May, reached a phased peak in June, and then declined slightly due to the expectation of the summer peak season. As of July 10, the average culling age was 504 days, 2 days earlier than last week and 8 days earlier than last month [10]