Report Overview - Industry: Eggs [1] - Date: August 1, 2025 [2] - Research Team: Agricultural Products Research Team [3] - Researchers: Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, Liu Youran [4] 1. Market Review and Operational Suggestions Market Review | Contract | Previous Settlement Price | Opening Price | Highest Price | Lowest Price | Closing Price | Change | Change Rate | Trading Volume | Open Interest | Change in Open Interest | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Egg 2508 | 3304 | 3258 | 3294 | 3216 | 3259 | -45 | -1.36% | 18797 | 610 - 11879 | - | | Egg 2509 | 3574 | 3564 | 3565 | 3511 | 3522 | -52 | -1.45% | 219432 | 236158 | -13536 | | Egg 2510 | 3364 | 3353 | 3353 | 3293 | 3298 | -66 | -1.96% | 111835 | 171737 | 21483 | [7] Core View The national egg price is weak today. The average price in the main production areas is 3.16 yuan/jin, down 0.05 yuan/jin from yesterday; the average price in the main sales areas is 3.45 yuan/jin, unchanged from yesterday. The 09 contract fell 1.45%. The fundamentals this year are similar to those in 2017 and 2020, with relatively large supply. During the plum - rain season, the spot price is at a historical low. However, in the peak summer season, there is an expectation of a significant price increase. If the egg price fails to start rising again in the next week, the 09 contract may see a reduction in premium. This year's egg price may face obvious resistance around 4 - 4.2 yuan. It is advisable to conduct phased rolling operations [8]. 2. Industry News - As of the end of June, the national monthly inventory of laying hens was about 1.34 billion, with a month - on - month increase of 0.4% and a year - on - year increase of 6.8% [9]. - In June, the monthly output of layer chicks from sample enterprises was about 40.75 million, slightly higher than the same period in 2024. Although the replenishment volume has declined for two consecutive months, it is mainly due to seasonal factors [9]. - From the three weeks up to July 18, the national chicken culling volume showed an upward trend. After reaching a phased peak in June, it declined slightly due to the expectation of the peak summer season, but was still slightly higher than the previous three years. As of July 24, the average age of culled chickens was 506 days, one day later than last week and two days earlier than last month [9][10]. 3. Data Overview - The report provides multiple data charts, including the monthly inventory of laying hens in China, layer farming profit, the average price in the main egg - producing areas, the seasonal trend of Egg 08, the basis of Egg 08 contract, and the spread between Egg 08 - 09. The data sources include Wind, Zhuochuang Information, and Trading Famen [12][19][21]
建信期货鸡蛋日报-20250801
Jian Xin Qi Huo·2025-08-01 02:09