瑞达期货鸡蛋产业日报-20250818

Report Summary 1. Report Industry Investment Rating There is no information provided regarding the industry investment rating in the report. 2. Core View of the Report The current egg supply is abundant due to high laying - hen inventory and the continuous release of cold - storage eggs, while the terminal demand is weak. The spot market price has been lower than expected, and the breeding end is in a continuous loss state. However, with the start of school - opening stockpiling and Mid - Autumn Festival procurement by food factories, demand is expected to pick up, which may drive up egg prices. On the futures side, the futures price generally maintains a weak trend under the pressure of weak spot prices and high production capacity [2]. 3. Summary by Relevant Catalogs Futures Market - The closing price of the active egg futures contract is 3113 yuan/500 kilograms, a decrease of 69 yuan compared to the previous period. The net long position of the top 20 futures holders is - 36492 lots, a decrease of 2952 lots. The monthly spread between the 1 - 5 contracts is 24 yuan/500 kilograms, a decrease of 61 yuan. The trading volume of the active contract is 381680 lots, an increase of 65988 lots. The number of registered warehouse receipts is 0 lots, a decrease of 3 lots [2]. 现货市场 - The spot price of eggs is 3.2 yuan/jin, an increase of 0.13 yuan. The basis (spot - futures) is 86 yuan/500 kilograms, an increase of 202 yuan [2]. Upstream Situation - The national laying - hen inventory index is 113.18 (with 2015 = 100), an increase of 1.27. The national culled laying - hen index is 99.2 (with 2015 = 100), a decrease of 4.89. The average price of day - old chicks in the main production areas is 3.6 yuan/chick, a decrease of 0.25 yuan. The national new - chick index is 78.4 (with 2015 = 100), an increase of 2.33. The average price of compound feed for laying hens is 2.76 yuan/kg, an increase of 0.06 yuan. The breeding profit of laying hens is - 0.26 yuan/hen, an increase of 0.05 yuan. The average price of culled hens in the main production areas is 10.94 yuan/kg, a decrease of 0.4 yuan. The average age of culled hens in the country is 512 days, an increase of 11 days [2]. Industry Situation - The average wholesale price of pork is 20.2 yuan/kg, an increase of 0.15 yuan. The average wholesale price of 28 key - monitored vegetables is 4.77 yuan/kg, an increase of 0.02 yuan. The average wholesale price of dressed chickens is 17.51 yuan/kg, an increase of 0.13 yuan. The weekly inventory in the circulation link is 1.03 days, a decrease of 0.2 days. The weekly inventory in the production link is 0.92 days, a decrease of 0.17 days. The monthly export volume of fresh eggs is 12792.51 tons, a decrease of 110.81 tons [2]. Downstream Situation - The weekly consumption of eggs in the sales areas is 7605 tons, an increase of 76 tons [2]. Industry News - The average price of eggs in Shandong, Hebei, Guangdong, and Beijing in the main production areas has increased. Currently, the laying - hen inventory is at a high level, the pressure of newly - opened laying hens is large, the egg supply is sufficient, and the continuous release of cold - storage eggs has further increased the supply pressure [2]. Key Points to Watch - There is no news today [2].