瑞达期货鸡蛋产业日报-20251022

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - High production capacity remains a pressure, combined with the decline in spot prices. In the short - term, the near - month contracts should be treated with the idea of selling short on rallies. The far - month contracts are supported by the logic of production capacity reduction and may perform stronger than the near - month contracts [2] 3. Summary According to Relevant Catalogs 3.1 Futures Market - The futures closing price of the active egg contract is 2925 yuan/500 kilograms, down 21 yuan; the net long position of the top 20 futures holders is - 33379 lots, down 7158 lots; the monthly spread between contracts 1 - 5 is - 181 yuan/500 kilograms, down 11 yuan; the futures open interest of the active contract is 258830 lots, up 9937 lots; the registered warehouse receipt volume is 0 lots, down 15 lots [2] 3.2 Spot Market - The egg spot price is 2.84 yuan/jin, unchanged; the basis (spot - futures) is - 90 yuan/500 kilograms, up 21 yuan [2] 3.3 Upstream Situation - The national laying hen inventory index is 115.26 (2015 = 100), up 0.86; the national culled laying hen index is 124.63 (2015 = 100), up 31.02; the average price of laying hen chicks in the main production areas is 2.6 yuan/chick, unchanged; the national new chick index is 76.65 (2015 = 100), up 3.3; the average price of laying hen compound feed is 2.75 yuan/kg, down 0.01 yuan; the laying hen breeding profit is - 0.46 yuan/hen, down 0.06 yuan; the average price of culled hens in the main production areas is 8.64 yuan/kg, down 0.28 yuan; the national culling age of hens is 507 days, down 3 days [2] 3.4 Industry Situation - The average wholesale price of pork is 17.72 yuan/kg, up 0.02 yuan; the average wholesale price of 28 key - monitored vegetables is 5.17 yuan/kg, up 0.01 yuan; the average wholesale price of white - striped chickens is 17.77 yuan/kg, up 0.27 yuan; the weekly inventory in the circulation link is 1.1 days, down 0.24 days; the weekly inventory in the production link is 1.05 days, down 0.45 days; the monthly export volume of fresh eggs is 13121.03 tons, up 264.92 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7179 tons, down 442 tons [2] 3.6 Industry News - The average egg price in Shandong, Hebei, Guangdong, and Beijing in the main production areas remains unchanged. The laying hen inventory is still high, old hens are not over - culled, high production capacity is the main concern, post - festival consumption seasonally weakens, terminal digestion is poor, and traders are cautious in purchasing [2] 3.7 Key Points to Watch - No news today [2]