瑞达期货鸡蛋产业日报-20251030

Report Summary 1) Report Industry Investment Rating The document does not provide the industry investment rating. 2) Report's Core View The egg price is at a low level, and the breeding side has a certain sentiment of supporting the price. Coupled with the decrease in temperature, which is conducive to the storage and transportation of eggs, the shipping speed in low - price areas has accelerated, supporting the rebound of the spot price. Driven by the rising spot price, the near - month contracts have also strengthened significantly. However, the in - production inventory of laying hens remains high, and old hens have not been over - culled. High production capacity is still the main concern in the market, which may limit the upside space. Recently, the egg futures price has shown a low - level rebound trend, but the high - production capacity pressure still exists, which may limit its rebound space, so it is necessary to be cautious about chasing up [2]. 3) Summary by Related Catalogs Futures Market - The futures closing price of the active egg contract is 3157 yuan/500 kilograms, down 8 yuan; the net long position of the top 20 futures holders of eggs is - 12304 hands, an increase of 1976 hands; the egg futures monthly spread (1 - 5) is - 104 yuan/500 kilograms, up 5 yuan; the futures trading volume of the active egg contract is 201570 hands, down 15569 hands; the registered warehouse receipt volume of eggs is 38 hands, unchanged [2]. 现货市场 - The spot price of eggs is 2.92 yuan/jin, unchanged; the basis (spot - futures) is - 236 yuan/500 kilograms, up 8 yuan [2]. 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 egg - laying chicken chicks in the main producing areas is 2.65 yuan/feather, up 0.05 yuan; the national new - born chick index is 76.65 (with 2015 = 100), up 3.3; the average price of egg - laying chicken compound feed is 2.76 yuan/kg, up 0.01 yuan; the breeding profit of egg - laying chickens is - 0.45 yuan/head, up 0.01 yuan; the average price of culled chickens in the main producing areas is 8.58 yuan/kg, down 0.06 yuan; the national culling age of chickens is 507 days, down 3 days [2]. Industry Situation - The average wholesale price of pork is 17.96 yuan/kg, down 0.07 yuan; the average wholesale price of 28 key - monitored vegetables is 5.69 yuan/kg, up 0.02 yuan; the average wholesale price of white - striped chickens is 17.55 yuan/kg, up 0.14 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 13215.79 tons, up 94.76 tons [2]. Downstream Situation - The weekly consumption of eggs in the sales area is 7498 tons, an increase of 118 tons [2]. Industry News - The average egg price in Shandong, the main producing area, is 5.60 yuan/kg, unchanged from yesterday; the average egg price in Hebei is 5.69 yuan/kg, unchanged from yesterday; the average egg price in Guangdong is 6.73 yuan/kg, unchanged from yesterday; the average egg price in Beijing is 6.30 yuan/kg, unchanged from yesterday [2].