瑞达期货鸡蛋产业日报-20250724

Report Industry Investment Rating - No relevant content provided Core Viewpoints - Currently, the egg supply is relatively sufficient due to a high inventory of laying hens and the pressure of newly - opened laying hens from previous replenishments. However, the process of old hen culling has accelerated after prices reached a relatively low level, reducing inventory expectations. Nationwide high - temperature weather has led to a decline in the egg - laying rate in some areas, alleviating short - term supply pressure. Terminal demand is gradually recovering, releasing farmers' expectation of price increases and promoting a low - level rebound of egg prices. The downward trend of the futures market has slowed down, and it is advisable to try to go long on far - month contracts with a light position [2] Summary by Directory Futures Market - The closing price of the active egg futures contract is 3,636 yuan per 500 kilograms, down 1 yuan; the net long position of the top 20 futures holders is - 32,578 lots, up 82 lots; the monthly spread (9 - 1) of egg futures is - 31 yuan per 500 kilograms, down 28 yuan; the trading volume of the active egg futures contract is 239,016 lots, down 8,812 lots; the registered warehouse receipt volume is 0 lots [2] 现货市场 - The spot price of eggs is 3.39 yuan per catty, up 0.02 yuan; the basis (spot - futures) is - 249 yuan per 500 kilograms, up 19 yuan [2] Upstream Situation - The national laying hen inventory index is 111.91 (with 2015 = 100), up 1.02; the national culled laying hen index is 104.09 (with 2015 = 100), down 4.59; the average price of layer chicks in the main production areas is 3.88 yuan per chick, down 0.02 yuan; the national new - chick index is 76.07 (with 2015 = 100), down 30.71; the average price of layer compound feed is 2.72 yuan per kilogram, unchanged; the breeding profit of laying hens is - 0.47 yuan per hen, up 0.22 yuan; the average price of culled chickens in the main production areas is 9.6 yuan per kilogram, up 0.4 yuan; the average age of culled chickens nationwide is 501 days, down 5 days [2] Industry Situation - The average wholesale price of pork is 20.62 yuan per kilogram, up 0.05 yuan; the average wholesale price of 28 key - monitored vegetables is 4.36 yuan per kilogram, down 0.03 yuan; the average wholesale price of dressed chickens is 17.2 yuan per kilogram, down 0.27 yuan; the weekly inventory in the circulation link is 1.04 days, down 0.13 days; the weekly inventory in the production link is 0.95 days, down 0.1 days; the monthly export volume of fresh eggs is 12,792.51 tons, down 110.81 tons [2] Downstream Situation - The weekly consumption of eggs in the sales areas is 7,886 tons, up 289 tons [2] Industry News - The average price of eggs in Shandong, Hebei, Guangdong, and Beijing in the main production areas remained unchanged from the previous day. The current inventory of laying hens is high, and the pressure of newly - opened laying hens is large, resulting in sufficient egg supply. However, after the price reached a relatively low level, the culling of old hens accelerated, and the high - temperature weather in many places led to a decline in the egg - laying rate, alleviating short - term supply pressure [2] Key Points of Attention - No news today [2]