瑞达期货鸡蛋产业日报-20250826

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report - Currently, the inventory of laying hens is at a high level, and the pressure of newly - opened laying hens supplemented in the early stage is large, resulting in sufficient egg supply. The continuous delivery 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 end to remain in a loss state. Additionally, the slowdown of capacity reduction in the industry may continue to restrict egg prices during the peak seasons of school openings and Mid - Autumn Festival preparations. From a market perspective, under the pressure of weak spot prices and high production capacity, the futures price generally maintains a weak trend [2] 3. Summary by Related Catalogs 3.1 Futures Market - The futures closing price of the active egg contract is 3013 yuan/500 kilograms, down 8 from the previous period; the net long position of the top 20 futures holders is - 54965 hands, down 12313; the egg futures monthly spread (1 - 5) is - 99 yuan/500 kilograms, unchanged; the futures holding volume of the active contract is 471034 hands, up 8502; the registered warehouse receipt volume is 0 hands, unchanged [2] 3.2现货市场 - The egg spot price is 3.09 yuan/jin, up 0.05; the basis (spot - futures) is 79 yuan/500 kilograms, up 58 [2] 3.3 Upstream Situation - The national laying hen inventory index is 113.18 (2015 = 100), up 1.27; the national culled laying hen index is 99.2 (2015 = 100), down 4.89; the average price of laying hen chicks in the main production areas is 3.2 yuan/chick, down 0.4; the national new chick index is 78.4 (2015 = 100), up 2.33; the average price of laying hen compound feed is 2.76 yuan/kg, unchanged; the laying hen breeding profit is - 0.15 yuan/hen, up 0.11; the average price of culled hens in the main production areas is 10.1 yuan/kg, down 0.84; the national culling age of hens is 512 days, up 11 [2] 3.4 Industry Situation - The average wholesale price of pork is 20.01 yuan/kg, down 0.1; the average wholesale price of 28 key - monitored vegetables is 4.9 yuan/kg, up 0.05; the average wholesale price of dressed chickens is 17.67 yuan/kg, up 0.1; the weekly inventory in the circulation link is 1.16 days, up 0.13; the weekly inventory in the production link is 1.02 days, up 0.1; the monthly export volume of fresh eggs is 12792.51 tons, down 110.81 [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7439 tons, down 166 [2] 3.6 Industry News - Today, the average price of eggs in Shandong's main production area is 6.20 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 6.13 yuan/kg, up 0.15 from yesterday; the average price of eggs in Guangdong is 6.20 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 6.90 yuan/kg, up 0.20 from yesterday [2]