Ruida Futures(SZ:002961) Rui Da Qi Huo·2025-09-24 09:22Report Summary 1. Report Industry Investment Rating - No investment rating is provided in the report [2] 2. Core View of the Report - Currently, the layer hen inventory is at a high level, with significant pressure from newly - laying hens due to previous restocking, resulting in sufficient egg supply. The decrease in temperature has led to an increase in the laying rate of hens, further intensifying the supply pressure. However, pre - holiday stocking before the Mid - Autumn Festival and National Day has increased the purchasing volume of traders, showing a certain degree of recovery in market demand, which has pushed egg prices to rebound from the bottom and supported the futures market. Overall, high production capacity pressure persists. As the double festivals approach, pre - holiday stocking may be coming to an end, market sales are starting to slow down, and spot prices show signs of a slight decline. The driving force for pushing up the futures price is insufficient, and short - term trading is recommended in the near future [2] 3. Summary by Relevant Catalogs Futures Market - Futures closing price (active contract): Eggs (daily, yuan/500 kilograms) is 3056, with a decrease of 9; net long position of the top 20 futures holders: Eggs (daily, lots) is 7407, with a decrease of 2691; egg futures monthly spread (1 - 5): (daily, yuan/500 kilograms) is - 38, with a decrease of 5; futures open interest (active contract): Eggs (daily, lots) is 362521, with a decrease of 8563; registered warehouse receipt volume: Eggs (daily, lots) is 0, with no change [2] 现货市场 - Egg spot price (daily, yuan/jin) is 3.73, with no change; basis (spot - futures) (daily, yuan/500 kilograms) is 673, with an increase of 14 [2] Upstream Situation - Laying hen inventory index: National (monthly, 2015 = 100) is 114.4, with an increase of 1.22; culled laying hen index: National (monthly, 2015 = 100) is 93.61, with a decrease of 5.59; average price in main producing areas: Pullets (weekly, yuan/chick) is 2.6, with no change; new chick index: National (monthly, 2015 = 100) is 73.35, with a decrease of 5.05; average price: Layer feed (weekly, yuan/kilogram) is 2.76, with no change; layer farming profit (weekly, yuan/bird) is 0.17, with an increase of 0.19; average price in main producing areas: Culled hens (weekly, yuan/kilogram) is 9.34, with an increase of 0.12; culled hen age: National (monthly, days) is 510, with a decrease of 2 [2] Industry Situation - Average wholesale price: 28 key monitored vegetables (daily, yuan/kilogram) is 19.6, with an increase of 0.03; average wholesale price: Pork (daily, yuan/kilogram) is 5.08, with an increase of 0.05; average wholesale price: White - striped chickens (daily, yuan/kilogram) is 17.96, with an increase of 0.2; weekly inventory in the circulation link (weekly, days) is 0.99, with a decrease of 0.04; weekly inventory in the production link (weekly, days) is 0.91, with a decrease of 0.02; export volume: Fresh eggs: Monthly value (monthly, tons) is 13121.03, with an increase of 264.92 [2] Downstream Situation - Weekly egg consumption in the sales area (weekly, tons) is 7303, with a decrease of 149 [2] Industry News - Today, the average price of eggs in Shandong, the main producing area, is 7.32 yuan/kilogram, unchanged from yesterday; the average price of eggs in Hebei is 6.99 yuan/kilogram, unchanged from yesterday; the average price of eggs in Guangdong is 7.67 yuan/kilogram, an increase of 0.13 from yesterday; the average price of eggs in Beijing is 7.46 yuan/kilogram, unchanged from yesterday [2]