Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-02 09:26Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report [1][2] 2. Core Viewpoint - The current egg supply is abundant due to high laying - hen inventory, large pressure from newly - laying hens, and continuous cold - storage egg release. Although egg consumption has slightly increased due to Mid - Autumn Festival stocking and school openings, it is still weak year - on - year. Adequate inventory in all links and egg quality issues in some areas result in short - term demand having weak support for prices, with the spot price at the lowest level of the same period this year. The near - term futures price generally maintains a weak trend [2] 3. Summary by Directory 3.1 Futures Market - The futures closing price of the active egg contract is 2959 yuan/500 kilograms, up 38 yuan; the net long position of the top 20 futures holders is - 37360 lots, up 10321 lots; the egg futures monthly spread (1 - 5) is - 65 yuan/500 kilograms, down 18 yuan; the futures holding volume of the active contract is 441830 lots, down 42580 lots; the registered warehouse receipt volume is 0 lots [2] 3.2 Spot Market - The egg spot price is 3.12 yuan/jin, unchanged; the basis (spot - futures) is 156 yuan/500 kilograms, down 34 yuan [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 egg - laying chicks in the main producing areas is 3 yuan/chick, down 0.2 yuan; the national new - chick index is 78.4 (2015 = 100), up 2.33; the average price of egg - laying chicken compound feed is 2.76 yuan/kg, unchanged; the egg - laying chicken breeding profit is - 0.21 yuan/chicken, down 0.06 yuan; the average price of culled chickens in the main producing areas is 9.66 yuan/kg, down 0.44 yuan; the culling age of chickens nationwide is 512 days, up 11 days [2] 3.4 Industry Situation - The average wholesale price of pork is 19.8 yuan/kg, down 0.21 yuan; the average wholesale price of 28 key - monitored vegetables is 5.02 yuan/kg, up 0.01 yuan; the average wholesale price of dressed chickens is 17.44 yuan/kg, down 0.2 yuan; the weekly inventory in the circulation link is 1.12 days, down 0.04 days; the weekly inventory in the production link is 1.06 days, up 0.04 days; the monthly export volume of fresh eggs is 12792.51 tons, down 110.81 tons [2] 3.5 Downstream Situation - The weekly egg consumption in the sales areas is 7674 tons, up 235 tons [2] 3.6 Industry News - The average egg price in Shandong is 6.12 yuan/kg, unchanged; in Hebei is 6.22 yuan/kg, unchanged; in Guangdong is 6.40 yuan/kg, unchanged; in Beijing is 6.90 yuan/kg, unchanged. The current laying - hen inventory is high, and the pressure from newly - laying hens is large, with sufficient egg supply [2]