Report Industry Investment Rating - Not available Core Viewpoints - Egg supply is abundant due to high laying - hen inventory and the continuous release of cold - storage eggs, causing the spot price to be lower than expected. After a brief rebound from the previous low, the price has declined again recently. However, as school - opening stockpiling begins and food factories start their Mid - Autumn Festival procurement, demand is expected to pick up, which may drive up egg prices. In the futures market, the near - month contracts continue to fall due to the weak spot price and high inventory, but the far - month contracts are relatively strong, and it is advisable to take a small - scale long position in the far - month contracts [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 3330 yuan/500 kilograms, down 30 yuan; the net long position of the top 20 futures holders is - 33794 hands, up 1117 hands; the egg futures monthly spread (9 - 1) is - 300 yuan/500 kilograms, down 40 yuan; the futures holding volume of the active contract is 227835 hands, down 4144 hands; the registered warehouse receipt volume is 8 hands, down 17 hands [2] 现货市场 - The egg spot price is 2.96 yuan/jin, down 0.04 yuan; the basis (spot - futures) is - 374 yuan/500 kilograms, down 5 yuan [2] Upstream Situation - The national laying - hen inventory index is 111.91 (2015 = 100), up 1.02; the national culled laying - hen index is 104.09 (2015 = 100), down 4.59; the average price of egg - chicken chicks in the main producing areas is 3.85 yuan/chick, down 0.03 yuan; the national new - chick index is 76.07 (2015 = 100), down 30.71; the average price of egg - chicken compound feed is 2.7 yuan/kg, down 0.02 yuan; the egg - chicken breeding profit is - 0.16 yuan/chicken, down 0.1 yuan; the average price of culled chickens in the main producing areas is 11.76 yuan/kg, up 0.48 yuan; the national culling age of chickens is 501 days, down 5 days [2] Industry Situation - The average wholesale price of pork is 20.33 yuan/kg; the average wholesale price of 28 key - monitored vegetables is 4.53 yuan/kg, up 0.04 yuan; the average wholesale price of dressed chickens is 17.49 yuan/kg, up 0.15 yuan; the weekly inventory in the circulation link is 1.11 days, up 0.07 days; the weekly inventory in the production link is 1.01 days, up 0.1 days; the monthly export volume of fresh eggs is 12792.51 tons, down 110.81 tons [2] Downstream Situation - The weekly egg consumption in the sales areas is 7897 tons, down 135 tons [2] Industry News - The average egg price in Shandong's main producing area is 5.86 yuan/kg, down 0.05 yuan from the previous day; in Hebei, it is 5.61 yuan/kg, down 0.07 yuan; in Guangdong, it is 6.80 yuan/kg, down 0.20 yuan; in Beijing, it is 6.08 yuan/kg, unchanged from the previous day. Currently, the laying - hen inventory is high, and the pressure of newly - laid eggs from previously replenished laying hens is large, with sufficient egg supply [2]
瑞达期货鸡蛋产业日报-20250805