瑞达期货鸡蛋产业日报-20250807

Report Summary 1) Report Industry Investment Rating No investment rating is provided in the report. 2) Core Viewpoints - Currently, the egg - laying hen inventory is at a high level. The newly - opened production pressure of the hens supplemented earlier is large, resulting in sufficient egg supply. The continuous release of cold - storage eggs further exacerbates the supply pressure. Meanwhile, terminal demand is weak, and the high - temperature weather increases egg consumption substitutes, leading to low market demand for eggs. Farmers' willingness to sell at low prices to reduce inventory increases, causing the spot market price to continuously fall short of expectations. After a previous low - level rebound, the price has recently declined again, and farming has fallen into losses again. [2] - With the start of school - opening stockpiling and the Mid - Autumn Festival procurement by food factories, demand is expected to recover, which may drive up egg prices. [2] - For near - month contracts, after a continuous decline, the stop - profit exit at low levels has boosted the market to rebound. [2] 3) Summary by Relevant Catalogs Futures Market - The futures closing price (active contract) of eggs is 3391 yuan/500 kilograms, with a change of 2092; the net long position of the top 20 futures holders of eggs is - 29913 hands; the egg futures monthly spread (9 - 1) is - 185 yuan/500 kilograms; the futures open interest (active contract) of eggs is 202802 hands, a decrease of 5713 hands; the registered warehouse receipt volume of eggs is 17 hands. [2] 现货市场 - The egg spot price is 2.88 yuan/jin, with a decrease of 0.01; the basis (spot - futures) is - 513 yuan/500 kilograms, a decrease of 23. [2] Upstream Situation - The national laying - hen inventory index is 111.91 (monthly, 2015 = 100), an increase of 1.02; the national culled laying - hen index is 104.09 (monthly, 2015 = 100), a decrease of 4.59; the average price of laying - hen chicks in the main production areas is 3.85 yuan/feather, a decrease of 0.03; the national new - chick index is 76.07 (monthly, 2015 = 100), a decrease of 30.71; the average price of laying - hen compound feed is 2.7 yuan/kg, a decrease of 0.02; the egg - laying hen farming profit is - 0.16 yuan/hen, a decrease of 0.1; the average price of culled hens in the main production areas is 11.76 yuan/kg, an increase of 0.48; the national culled - hen age is 501 days, a decrease of 5. [2] Industry Situation - The average wholesale price of 28 key - monitored vegetables is 20.45 yuan/kg, a decrease of 0.22; the average wholesale price of pork is 4.58 yuan/kg, an increase of 0.01; the average wholesale price of white - striped chickens is 17.51 yuan/kg, an increase of 0.11; the weekly inventory in the circulation link is 1.11 days, an increase of 0.07; the weekly inventory in the production link is 1.01 days, an increase of 0.1; the monthly export volume of fresh eggs is 12792.51 tons, a decrease of 110.81. [2] Downstream Situation - The weekly egg consumption in the sales areas is 7897 tons, a decrease of 135 tons. [2] Industry News - Today, the average price of eggs in Shandong's main production area is 5.65 yuan/kg, unchanged from yesterday; in Hebei, it is 5.52 yuan/kg, unchanged from yesterday; in Guangdong, it is 6.60 yuan/kg, unchanged from yesterday; in Beijing, it is 6.08 yuan/kg, unchanged from yesterday. [2] Key Focus - There is no news today. [2]