建信期货鸡蛋日报-20251017

Group 1: General Information - Reported industry: Eggs [1] - Report date: October 17, 2025 [2] - Research team: Agricultural products research team, including researchers Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, and Liu Youran [4] Group 2: Market Review and Operation Suggestions Market Review - Futures Contracts: The 2601 contract closed at 3175, down 34 (-1.06%); the 2511 contract closed at 2818, down 30 (-1.05%); the 2512 contract closed at 2977, down 44 (-1.46%) [7] - Spot Prices: The average price in the main production areas was 2.93 yuan/jin, up 0.13 yuan/jin from the previous day; the average price in the main sales areas was 3.09 yuan/jin, up 0.06 yuan/jin from the previous day [7] Core View - Spot prices are expected to remain weak and sluggish for some time due to high supply pressure and weak post - National Day replenishment demand. Futures prices are also affected by weak spot performance. The reduction of inventory is expected to be a long - term process, and the impact of cold - storage eggs cannot be underestimated. [8] Operation Suggestions - Adopt a phased short - selling strategy for futures. For options, it is recommended to sell out - of - the - money call options. [8] Group 3: Industry News - In - production Laying Hens Inventory: As of the end of September, the national monthly inventory of in - production laying hens was about 1.368 billion, with a month - on - month increase of 0.2% and a year - on - year increase of 6.0% [9] - Chick Hatchlings: In September, the monthly hatchling volume of sample enterprises was about 39.2 million, a decrease from August and a significant decrease compared with the same period in 2024 [9] - Chicken Culling: From the third week of September to October 9, the culling volume showed an upward trend in August and remained stable in September. As of October 9, the average culling age was 499 days [10] Group 4: Data Overview - The report presents multiple data charts, including the monthly inventory of in - production laying hens in China, egg - chicken farming profits, the average price in the main egg - producing areas, the seasonal trend of the 12 - contract, the basis of the 11 - contract, and the 12 - 02 spread [13][15][12]