瑞达期货鸡蛋产业日报-20250929

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - High production capacity pressure persists, the driving force for pushing up the futures price is insufficient, and the futures price has dropped again. In the short term, the strategy of selling high should be adopted [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the active contract of egg futures is 3016 yuan/500 kilograms, a decrease of 20 yuan; the net long position of the top 20 futures holders is -13270 lots, an increase of 7509 lots [2] - The monthly spread of egg futures (1 - 5) is -43 yuan/500 kilograms, a decrease of 10 yuan; the trading volume of the active contract of egg futures is 284006 lots, a decrease of 31270 lots [2] - The registered warehouse receipt volume of eggs is 26 lots, unchanged [2] 3.2 Spot Market - The spot price of eggs is 3.54 yuan/jin, a decrease of 0.08 yuan; the basis (spot - futures) is 527 yuan/500 kilograms, a decrease of 56 yuan [2] 3.3 Upstream Situation - The laying hen inventory index nationwide is 114.4 (with 2015 as 100), an increase of 1.22; the culled laying hen index nationwide is 93.61 (with 2015 as 100), a decrease of 5.59 [2] - The average price of laying hen chicks in the main producing areas is 2.6 yuan/chick, unchanged; the new chick index nationwide is 73.35 (with 2015 as 100), a decrease of 5.05 [2] - The average price of laying hen compound feed is 2.76 yuan/kg, unchanged; the breeding profit of laying hens is 0.11 yuan/hen, a decrease of 0.06 yuan [2] - The average price of culled hens in the main producing areas is 9.28 yuan/kg, a decrease of 0.06 yuan; the age of culled hens nationwide is 510 days, a decrease of 2 days [2] 3.4 Industry Situation - The average wholesale price of pork is 19.32 yuan/kg, an increase of 0.15 yuan; the average wholesale price of 28 key monitored vegetables is 5.01 yuan/kg, a decrease of 0.02 yuan [2] - The average wholesale price of dressed chickens is 17.24 yuan/kg, a decrease of 0.44 yuan; the weekly inventory in the circulation link is 0.99 days, a decrease of 0.04 days [2] - The weekly inventory in the production link is 0.91 days, a decrease of 0.02 days; the export volume of fresh eggs in the current month is 264.92 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7303 tons, a decrease of 149 tons [2] 3.6 Industry News - The average price of eggs in Shandong, the main producing area, is 7.28 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 6.61 yuan/kg, a decrease of 0.03 yuan from yesterday [2] - The average price of eggs in Guangdong is 7.67 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 7.20 yuan/kg, unchanged from yesterday [2] - The current laying hen inventory is at a high level, the pressure of newly - opened laying hens from previous supplements is large, and the egg supply is relatively sufficient. The decrease in temperature has led to an increase in the laying rate of laying hens, further increasing the supply pressure [2] 3.7 Market Demand - During the peak stocking season before the Mid - Autumn Festival and National Day in the middle of the month, the purchasing volume of traders increased, the market demand showed signs of recovery, which pushed the egg price to rebound from the bottom and supported the futures market [2] - As the double festivals approach, the pre - festival stocking is coming to an end, the market turnover has slowed down, and the spot price has fallen again [2]