瑞达期货鸡蛋产业日报-20250729

1. Report Industry Investment Rating No information provided. 2. Core View of the Report Currently, the egg-laying hen inventory is at a high level, with significant pressure from newly opened egg-laying hens that were replenished earlier, resulting in sufficient egg supply. However, due to the continuous high temperatures in many parts of the country, the egg-laying rate of hens in some areas has declined, alleviating the short - term market supply pressure. Coupled with the gradual recovery of terminal demand, the sentiment of farmers hoping for price increases has been released, which has driven the egg price to rebound from a low level. From a futures perspective, affected by the bearish sentiment in the commodity market and the high inventory, the near - month contracts are weakly adjusted, while the far - month contracts are significantly more resistant to decline, and it is advisable to lightly test long positions in the far - month contracts [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the active egg futures contract is 3,576 yuan per 500 kilograms, with no change from the previous period. The net long position of the top 20 futures holders is - 37,023 hands, an increase of 891 hands [2]. - The monthly spread (9 - 1) of egg futures is - 67 yuan per 500 kilograms, an increase of 11 yuan. The trading volume of the active futures contract is 250,165 hands, a decrease of 1,151 hands [2]. - The registered warehouse receipt volume of eggs is 3 hands, with no change [2]. 3.2 Spot Market - The spot price of eggs is 3.26 yuan per catty, with no change. The basis (spot - futures) is - 317 yuan per 500 kilograms, with no change [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 [2]. - The average price of egg - laying chicken seedlings in the main production areas is 3.88 yuan per chick, with no change. The national new chick index is 76.07 (with 2015 = 100), a decrease of 30.71 [2]. - The average price of compound feed for egg - laying hens is 2.72 yuan per kilogram, with no change. The breeding profit per egg - laying hen is - 0.06 yuan, an increase of 0.41 yuan [2]. - The average price of culled chickens in the main production areas is 11.28 yuan per kilogram, an increase of 1.68 yuan. The national culling age of chickens is 501 days, a decrease of 5 days [2]. 3.4 Industry Situation - The average wholesale price of pork is 20.5 yuan per kilogram, a decrease of 0.01 yuan. The average wholesale price of 28 key - monitored vegetables is 4.42 yuan per kilogram, a decrease of 0.02 yuan [2]. - The average wholesale price of white - striped chickens is 17.33 yuan per kilogram, a decrease of 0.11 yuan. The weekly inventory in the circulation link is 1.04 days, with no change [2]. - 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 volume of eggs in the sales areas is 8,032 tons, an increase of 146 tons [2]. 3.6 Industry News - The average price of eggs in Shandong, the main production area, is 6.37 yuan per kilogram, unchanged from the previous day; the average price of eggs in Hebei is 5.98 yuan per kilogram, a decrease of 0.04 yuan from the previous day; the average price of eggs in Guangdong is 7.20 yuan per kilogram, unchanged from the previous day; the average price of eggs in Beijing is 6.44 yuan per kilogram, unchanged from the previous day [2]. - The current egg - laying hen inventory is at a high level, and the pressure from newly opened egg - laying hens that were replenished earlier is significant, resulting in sufficient egg supply. However, due to continuous high temperatures in many parts of the country, the egg - laying rate of hens in some areas has declined, alleviating the short - term market supply pressure [2].