瑞达期货鸡蛋产业日报-20251029

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The low egg price and the farmers' price - holding sentiment, along with favorable storage and transportation conditions due to temperature drop, have accelerated the sales in low - price areas, supporting the rebound of the spot price. The near - month futures contracts have also strengthened under the boost of the rising spot price. However, the high in - production laying hen inventory and the lack of over - culling of old hens are the main concerns in the market, which may limit the upside space. Although the futures price has risen recently, investors should be cautious about chasing the rally due to the high - capacity pressure [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The futures closing price of the active egg contract is 3,165 yuan per 500 kilograms, up 66 yuan; the net long position of the top 20 futures holders is - 14,280 lots, up 2,589 lots; the egg futures spread between January and May contracts is - 109 yuan per 500 kilograms, up 31 yuan; the futures open interest of the active contract is 217,139 lots, down 9,677 lots; the registered warehouse receipts are 38 lots, unchanged [2] 3.2现货市场 - The spot price of eggs is 2.92 yuan per catty, down 0.05 yuan; the basis (spot - futures) is - 244 yuan per 500 kilograms, down 120 yuan [2] 3.3 Upstream Situation - The national laying hen inventory index is 115.26 (with 2015 = 100), up 0.86; the national culled laying hen index is 124.63 (with 2015 = 100), up 31.02; the average price of layer chicks in the main production areas is 2.65 yuan per chick, up 0.05 yuan; the national new - born chick index is 76.65 (with 2015 = 100), up 3.3; the average price of layer compound feed is 2.76 yuan per kilogram, up 0.01 yuan; the layer farming profit is - 0.45 yuan per chicken, up 0.01 yuan; the average price of culled chickens in the main production areas is 8.58 yuan per kilogram, down 0.06 yuan; the national average age of culled chickens is 507 days, down 3 days [2] 3.4 Industry Situation - The average wholesale price of pork is 18.03 yuan per kilogram; the average wholesale price of 28 key - monitored vegetables is 5.67 yuan per kilogram, up 0.01 yuan; the average wholesale price of dressed chickens is 17.41 yuan per kilogram, down 0.29 yuan; the weekly inventory in the circulation link is 1.1 days, unchanged; the weekly inventory in the production link is 1.04 days, down 0.01 days; the monthly export volume of fresh eggs is 13,215.79 tons, up 94.76 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7,498 tons, up 118 tons [2] 3.6 Industry News - The average egg price in Shandong's main production area is 5.60 yuan per kilogram, down 0.19 yuan from yesterday; in Hebei, it is 5.69 yuan per kilogram, down 0.09 yuan from yesterday; in Guangdong and Beijing, it remains unchanged at 6.73 yuan per kilogram and 6.30 yuan per kilogram respectively. The low egg price and the farmers' price - holding sentiment, along with favorable storage and transportation conditions due to temperature drop, have accelerated the sales in low - price areas [2]