Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-01 09:01Report Information - Report Name: Egg Industry Daily Report 2025-09-01 [1] - Researcher: Xu Fangli [2] Industry Investment Rating - No industry investment rating information is provided in the report. Core View - The current egg supply is relatively abundant due to the high inventory of laying hens and the continuous delivery of cold-storage eggs. Although the demand for eggs has slightly increased due to Mid-Autumn Festival stocking and the start of the school term, it is still weak compared to the same period last year. The sufficient inventory in each link and the egg quality problems in some areas make it difficult for the increased demand to cover the abundant supply, resulting in a weak short-term price support. The futures price generally maintains a weak trend under the pressure of low spot prices and high production capacity [2]. Summary by Directory Futures Market - The futures closing price of the active egg contract is 2,921 yuan per 500 kilograms, down 18 yuan [2]. - The net long position of the top 20 futures holders is -47,681 lots, down 5,212 lots [2]. - The egg futures monthly spread (1 - 5) is -47 yuan per 500 kilograms, down 14 yuan [2]. - The futures trading volume of the active contract is 484,410 lots, down 9,352 lots [2]. - The registered warehouse receipt volume of eggs is 0 lots [2]. 现货市场 - The spot price of eggs is 3.11 yuan per catty, unchanged [2]. - The basis (spot - futures) is 190 yuan per 500 kilograms, up 13 yuan [2]. Upstream Situation - The national laying hen inventory index is 113.18 (2015 = 100), up 1.27 [2]. - The national culled laying hen index is 99.2 (2015 = 100), down 4.89 [2]. - The average price of layer chicks in the main production areas is 3 yuan per chick, down 0.2 yuan [2]. - The national new chick index is 78.4 (2015 = 100), up 2.33 [2]. - The average price of layer compound feed is 2.76 yuan per kilogram, unchanged [2]. - The breeding profit of laying hens is -0.21 yuan per hen, down 0.06 yuan [2]. - The average price of culled chickens in the main production areas is 9.66 yuan per kilogram, down 0.44 yuan [2]. - The national average age of culled chickens is 512 days, up 11 days [2]. Industry Situation - The average wholesale price of pork is 20.01 yuan per kilogram, up 0.07 yuan [2]. - The average wholesale price of 28 key monitored vegetables is 5.01 yuan per kilogram, up 0.07 yuan [2]. - The average wholesale price of white - striped chickens is 17.64 yuan per kilogram, up 0.19 yuan [2]. - The weekly inventory in the circulation link is 1.12 days, down 0.04 days [2]. - The weekly inventory in the production link is 1.06 days, up 0.04 days [2]. - The monthly export volume of fresh eggs is 12,792.51 tons, down 110.81 tons [2]. Downstream Situation - The weekly egg consumption in the sales area is 7,674 tons, up 235 tons [2]. Industry News - The average price of eggs in Shandong's main production area is 6.12 yuan per kilogram, down 0.07 yuan from yesterday; in Hebei, it is 6.22 yuan per kilogram, up 0.06 yuan from yesterday; in Guangdong, it is 6.40 yuan per kilogram, unchanged from yesterday; in Beijing, it is 6.90 yuan per kilogram, unchanged from yesterday [2]. - The current inventory of laying hens is at a high level, and the pressure of newly - laid eggs from the previously replenished laying hens is relatively large, resulting in sufficient egg supply. The continuous delivery of cold - storage eggs further increases the supply pressure [2]. Key Points to Watch - No key points to watch are reported today [2].