瑞达期货鸡蛋产业日报-20251106

1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View of the Report - The continuous losses in the breeding sector have led to a decline in the enthusiasm for replenishment and an increase in the culling of old hens. As a result, the egg - laying hen inventory has slightly decreased, and the market sentiment has improved slightly. However, the inventory of laying hens is still at a high level, and there has been no excessive culling of old hens. High production capacity remains the main concern in the market. Recently, the egg futures price has shown a low - level rebound. Nevertheless, the high - capacity pressure still exists, which may limit its rebound space. It is advisable to be cautious about chasing the rise [3]. 3. Summary According to Relevant Catalogs 3.1 Futures Market - The futures closing price (active contract) of eggs is 3,227 yuan per 500 kilograms, with a week - on - week increase of 10. The net long position of the top 20 futures holders of eggs is - 5,805 lots, a decrease of 4,053 lots. The monthly spread (1 - 5) of egg futures is - 112 yuan per 500 kilograms, an increase of 12. The futures open interest (active contract) of eggs is 166,597 lots, a decrease of 8,266 lots. The registered warehouse receipt volume of eggs is 8 lots, an increase of 3 lots [3]. 3.2现货市场 - The spot price of eggs is 2.99 yuan per catty, with a week - on - week increase of 0.08. The basis (spot - futures) is - 239 yuan per 500 kilograms, an increase of 68 [3]. 3.3 Upstream Situation - The national laying hen inventory index is 115.26 (with 2015 as the base year of 100), an increase of 0.86. The national culled laying hen index is 124.63 (with 2015 as the base year of 100), an increase of 31.02. The average price of egg - laying chicken seedlings in the main production areas is 2.8 yuan per chick, an increase of 0.15. The national new - hatched chick index is 76.65 (with 2015 as the base year of 100), an increase of 3.3. The average price of egg - laying chicken compound feed is 2.76 yuan per kilogram, unchanged. The breeding profit of egg - laying chickens is - 0.42 yuan per chicken, an increase of 0.03. The average price of culled chickens in the main production areas is 8.22 yuan per kilogram, a decrease of 0.36. The national culling age of chickens is 507 days, a decrease of 3 days [3]. 3.4 Industry Situation - The average wholesale price of pork is 18.06 yuan per kilogram, a decrease of 0.13. The average wholesale price of 28 key - monitored vegetables is 5.74 yuan per kilogram, a decrease of 0.03. The average wholesale price of dressed chickens is 17.9 yuan per kilogram, an increase of 0.19. The weekly inventory in the circulation link is 1.1 days, unchanged. The weekly inventory in the production link is 1.04 days, unchanged. The monthly export volume of fresh eggs is 13,215.79 tons, an increase of 94.76 tons [3]. 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 7,658 tons, an increase of 160 tons [3]. 3.6 Industry News - Today, the average price of eggs in Shandong, the main production area, is 5.77 yuan per kilogram, an increase of 0.20 compared with yesterday; the average price of eggs in Hebei is 5.45 yuan per kilogram, an increase of 0.07 compared with yesterday; the average price of eggs in Guangdong is 6.73 yuan per kilogram, unchanged from yesterday; the average price of eggs in Beijing is 5.90 yuan per kilogram, unchanged from yesterday [3].