Report Summary 1. Reported Industry Investment Rating - No information provided in the content. 2. Core Viewpoints of the Report - Last week, egg prices continued to rise and entered the summer peak season. This year's fundamentals are similar to 2017 and 2020, with ample supply and low spot prices during the plum - rain season. Summer peak seasons usually see significant price increases due to reduced egg production and increased travel. The price increase slope is steeper in high - supply years. The upward momentum weakened last Thursday and Friday, and the spot price dropped over the weekend. There may be a phased adjustment, but it's not the summer peak yet. Based on historical data, the expected average maximum and minimum spot prices in the production areas during the third - quarter peak season this year are 4.30 yuan/jin and 3.77 yuan/jin respectively. Futures are under pressure as the spot price stops rising, and short - term trading is expected to be volatile [8]. 3. Summary by Directory 3.1. Market Review and Operation Suggestions - Market Review: The prices of egg futures contracts 2508, 2509, and 2510 all declined, with decreases of 0.86%, 0.31%, and 0.44% respectively. The trading volume of the 2509 contract was 111,565, and the open interest was 250,165. The national egg spot price remained stable, with the average price in the main production areas at 3.21 yuan/jin and in the main sales areas at 3.45 yuan/jin [7]. - Operation Suggestions: Futures are under pressure as the spot price stops rising. Future focus is on the time of the second - wave price increase, and short - term trading is expected to be volatile [8]. 3.2. Industry News - In - production Laying Hens Inventory: As of the end of June, the national monthly inventory of in - production laying hens was about 1.34 billion, a 0.4% month - on - month increase and a 6.8% year - on - year increase [9]. - Chick Rearing Quantity: In June, the monthly chick hatching volume of sample enterprises was about 40.75 million, a decrease from May but a slight increase compared to the same period in 2024. The chick rearing volume has declined for two consecutive months, mainly due to seasonal factors [9][10]. - Laying Hen Culling Volume: As of the first three weeks of July 18, the national laying hen culling volumes were 15.05 million, 16.27 million, and 17.14 million respectively. 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 24, the average culling age of laying hens was 506 days [10].
建信期货鸡蛋日报-20250730
Jian Xin Qi Huo·2025-07-30 01:28