瑞达期货鸡蛋产业日报-20250820

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - Currently, the egg - laying hen inventory is at a high level, and the newly - laid eggs from previously replenished hens exert significant pressure, resulting in sufficient egg supply. The continuous出库 of cold - storage eggs further exacerbates the supply pressure. Meanwhile, terminal demand is weak, and the hot weather makes the market cautious, leading to sluggish demand. Breeding enterprises are more willing to sell at low prices to reduce inventory, causing the spot market price to continuously fall short of expectations, and the breeding sector to remain in a loss state. However, 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. From a futures perspective, under the pressure of weak spot prices and high production capacity, futures prices generally maintain a weak trend [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The closing price of the active egg futures contract is 3072 yuan/500 kilograms, a week - on - week increase of 7; the net long position of the top 20 futures holders is - 30889 lots, a week - on - week increase of 8393; the egg futures monthly spread (1 - 5) is 32 yuan/500 kilograms, a week - on - week increase of 14; the trading volume of the active egg futures contract is 408484 lots, a week - on - week decrease of 2556; the registered warehouse receipt volume is 0 lots, unchanged from the previous period [2] 3.2 Spot Market - The spot price of eggs is 3.18 yuan/jin, a week - on - week decrease of 0.02; the basis (spot - futures) is 109 yuan/500 kilograms, a week - on - week decrease of 25 [2] 3.3 Upstream Situation - The national egg - laying hen inventory index is 113.18 (with 2015 as the base year, 100), a month - on - month increase of 1.27; the national culled egg - laying hen index is 99.2, a month - on - month decrease of 4.89; the average price of egg - laying chicken chicks in the main producing areas is 3.6 yuan/chick, a week - on - week decrease of 0.25; the national new - born chick index is 78.4, a month - on - month increase of 2.33; the average price of egg - laying chicken compound feed is 2.76 yuan/kg, a week - on - week increase of 0.06; the breeding profit of egg - laying chickens is - 0.26 yuan/hen, a week - on - week increase of 0.05; the average price of culled chickens in the main producing areas is 10.94 yuan/kg, a week - on - week decrease of 0.4; the average age of culled chickens nationwide is 512 days, a month - on - month increase of 11 [2] 3.4 Industry Situation - The average wholesale price of pork is 20.04 yuan/kg, a week - on - week decrease of 0.17; the average wholesale price of 28 key - monitored vegetables is 4.82 yuan/kg, a week - on - week increase of 0.03; the average wholesale price of dressed chickens is 17.59 yuan/kg, a week - on - week increase of 0.17; the weekly inventory in the circulation link is 1.03 days, a week - on - week decrease of 0.2; the weekly inventory in the production link is 0.92 days, a week - on - week decrease of 0.17; the monthly export volume of fresh eggs is 12792.51 tons, a month - on - month decrease of 110.81 [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7605 tons, a week - on - week increase of 76 [2] 3.6 Industry News - Today, the average price of eggs in Shandong, the main producing area, is 6.44 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 6.12 yuan/kg, a decrease of 0.02 from yesterday; the average price of eggs in Guangdong is 6.60 yuan/kg, a decrease of 0.20 from yesterday; the average price of eggs in Beijing is 7.00 yuan/kg, unchanged from yesterday [2]