瑞达期货鸡蛋产业日报-20250728

1. Report Industry Investment Rating - Not provided in the content 2. Core View of the Report - The current laying hen inventory is at a high level, with significant pressure from newly - opened laying hens supplemented earlier, resulting in sufficient egg supply. However, due to continuous high temperatures in many parts of the country, the egg - laying rate of laying hens in some areas has declined, alleviating short - term market supply pressure. Coupled with the gradual recovery of terminal demand, the expectation of price increases among farmers has been released, driving the low - priced eggs to rebound. In terms of the futures market, affected by the bearish sentiment in the commodity market and the high inventory, the near - month contracts have fallen again, while the far - month contracts are significantly more resistant to decline, so it is advisable to lightly test long positions in the far - month contracts [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the active egg futures contract is 3,576 yuan/500 kilograms, a decrease of 52 yuan; the net long position of the top 20 futures holders is - 37,914 lots, a decrease of 5,551 lots; the egg futures monthly spread (9 - 1) is - 78 yuan/500 kilograms, a decrease of 32 yuan; the futures open interest of the active contract is 251,316 lots, an increase of 11,597 lots; the registered warehouse receipt volume is 0 lots [2] 3.2 Spot Market - The spot price of eggs is 3.26 yuan/jin, a decrease of 0.13 yuan; the basis (spot - futures) is - 317 yuan/500 kilograms, a decrease of 76 yuan [2] 3.3 Upstream Situation - The national laying hen inventory index is 111.91 (with 2015 = 100), an increase of 1.02; the national culled laying hen index is 104.09 (with 2015 = 100), a decrease of 4.59; the average price of day - old chicks in the main production areas is 3.88 yuan/chick, unchanged; the national new - hatched chick index is 76.07 (with 2015 = 100), a decrease of 30.71; the average price of laying hen compound feed is 2.72 yuan/kg, unchanged; the laying hen breeding profit is - 0.06 yuan/hen, an increase of 0.41 yuan; the average price of culled hens in the main production areas is 11.28 yuan/kg, an increase of 1.68 yuan; the national average age of culled hens is 501 days, a decrease of 5 days [2] 3.4 Industry Situation - The average wholesale price of pork is 20.51 yuan/kg, a decrease of 0.36 yuan; the average wholesale price of 28 key - monitored vegetables is 4.44 yuan/kg, an increase of 0.03 yuan; the average wholesale price of dressed chickens is 17.44 yuan/kg, an increase of 0.11 yuan; the weekly inventory in the circulation link is 1.04 days, unchanged; the weekly inventory in the production link is 0.91 days, a decrease of 0.04 days; the monthly export volume of fresh eggs is 12,792.51 tons, a decrease of 110.81 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 8,032 tons, an increase of 146 tons [2] 3.6 Industry News - Today, the average price of eggs in Shandong's main production area is 6.37 yuan/kg, a decrease of 0.33 yuan from yesterday; in Hebei, it is 6.02 yuan/kg, a decrease of 0.34 yuan; in Guangdong, it is 7.20 yuan/kg, a decrease of 0.20 yuan; in Beijing, it is 6.44 yuan/kg, a decrease of 0.36 yuan [2]