瑞达期货鸡蛋产业日报-20250731

Report Industry Investment Rating - Not provided Core View of the Report - The current egg production is sufficient due to the high inventory of laying hens and the pressure of new egg - laying hens from previous restocking. The spot market price has not met expectations, rising from the previous low and then falling again recently. However, high - temperature weather has reduced the egg - laying rate in some areas, alleviating short - term supply pressure. Terminal demand is gradually picking up, and farmers still expect price increases. Affected by the bearish sentiment in the commodity market and high inventory, the near - month futures contracts are weakly adjusted, while the far - month contracts are obviously resistant to decline, and it is advisable to lightly test long positions in the far - month contracts [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 3522 yuan/500 kilograms, a decrease of 48 yuan; the net long position of the top 20 futures holders is 3397 hands, a decrease of 40,206 hands; the monthly spread (9 - 1) of egg futures is - 86 yuan/500 kilograms, a decrease of 20 yuan; the futures trading volume of the active contract is 236,158 hands, a decrease of 13,536 hands; the registered warehouse receipt volume is 0 hands, a decrease of 3 hands [2] 现货市场 - The spot price of eggs is 3.2 yuan/jin, a decrease of 0.06 yuan; the basis (spot - futures) is - 327 yuan/500 kilograms, a decrease of 12 yuan [2] Upstream Situation - The national laying hen inventory index is 111.91 (2015 = 100), an increase of 1.02; the national culled laying hen index is 104.09 (2015 = 100), a decrease of 4.59; the average price of laying hen chicks in the main production areas is 3.88 yuan/feather, unchanged; the national new - hatched chick index is 76.07 (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/feather, 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 culling age of hens is 501 days, a decrease of 5 days [2] Industry Situation - The average wholesale price of 28 key - monitored vegetables is 20.45 yuan/kg, a decrease of 0.22 yuan; the average wholesale price of pork is 4.41 yuan/kg, an increase of 0.01 yuan; the average wholesale price of white - striped chickens is 17.36 yuan/kg, an increase of 0.47 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] Downstream Situation - The weekly consumption of eggs in the sales areas is 8032 tons, an increase of 146 tons [2] Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.15 yuan/kg, a decrease of 0.22 yuan compared with yesterday; the average price of eggs in Hebei is 5.97 yuan/kg, a decrease of 0.01 yuan compared with yesterday; the average price of eggs in Guangdong is 7.20 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 6.44 yuan/kg, unchanged from yesterday [2]