瑞达期货鸡蛋产业日报-20250827

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - Egg supply is abundant due to high laying - hen inventory, new - laying pressure from previously replenished hens, and continuous出库 of cold - storage eggs. Terminal demand is weak, and high - temperature weather makes the market cautious. Spot prices are lower than expected, and the breeding end is in a continuous loss state. The slow de - capacity in the industry may continue to restrict egg prices during the school - opening and Mid - Autumn Festival stocking seasons. 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 3.1 Futures Market - The futures closing price of the active egg contract is 2975 yuan/500 kilograms, a decrease of 38 yuan; the net long position of the top 20 futures holders is - 54551 hands, a decrease of 3922 hands; the egg futures monthly spread (1 - 5) is 22 yuan/500 kilograms; the registered warehouse receipt volume is - 77 hands; the futures holding volume of the active contract is 515876 hands, an increase of 44842 hands [2] 3.2现货市场 - The egg spot price is 3.09 yuan/jin, an increase of 0.05 yuan; the basis (spot - futures) is 79 yuan/500 kilograms, an increase of 58 yuan [2] 3.3 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 egg - chicken chicks in the main production areas is 3.2 yuan/feather, a decrease of 0.4 yuan; the national new - chick index is 78.4 (with 2015 = 100), an increase of 2.33; the average price of egg - chicken compound feed is 2.76 yuan/kilogram, unchanged; the egg - chicken breeding profit is - 0.15 yuan/head, an increase of 0.11 yuan; the average price of culled chickens in the main production areas is 10.1 yuan/kilogram, a decrease of 0.84 yuan; the national culled - chicken age is 512 days, an increase of 11 days [2] 3.4 Industry Situation - The average wholesale price of pork is 19.92 yuan/kilogram, a decrease of 0.09 yuan; the average wholesale price of 28 key - monitored vegetables is 4.9 yuan/kilogram, unchanged; the average wholesale price of white - striped chickens is 17.67 yuan/kilogram, unchanged; the weekly inventory in the circulation link is 1.16 days, an increase of 0.13 days; the weekly inventory in the production link is 1.02 days, an increase of 0.1 days; the monthly export volume of fresh eggs is 12792.51 tons, a decrease of 110.81 tons [2] 3.5 Downstream Situation - The weekly egg consumption in the sales areas is 7439 tons, a decrease of 166 tons [2] 3.6 Industry News - The average egg price in Shandong is 6.35 yuan/kilogram, an increase of 0.15 yuan; in Hebei, it is 6.32 yuan/kilogram, an increase of 0.19 yuan; in Guangdong, it is 6.40 yuan/kilogram, an increase of 0.20 yuan; in Beijing, it is 7.10 yuan/kilogram, an increase of 0.20 yuan. Currently, the laying - hen inventory is high, the new - laying pressure of previously replenished laying hens is large, and the egg supply is sufficient. Cold - storage eggs are continuously出库, increasing the supply pressure [2]