瑞达期货鸡蛋产业日报-20251217

Report Industry Investment Rating - Not provided Core View - Spot prices remain low and the breeding end is still in a loss state, with poor replenishment enthusiasm, which is favorable for forward prices. However, the current in - production inventory of laying hens remains high, the elimination of old hens has slowed down slightly, and high production capacity still restricts the performance of the near - month market price. Overall, the market is in a game between weak reality and strong expectations. In the short term, the near - month contract may be in a wide - range shock state, and it is advisable to try to go long on the far - month contract with a light position [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 3092 yuan/500 kilograms, down 22 yuan; the net long position of the top 20 futures holders of eggs is - 40001 lots, up 752 lots; the monthly spread between the 1 - 5 contracts of egg futures is - 443 yuan/500 kilograms, down 23 yuan; the futures trading volume of the active egg contract is 76366 lots, down 1830 lots; the registered warehouse receipt volume of eggs is 0 lots [2] Spot Market - The spot price of eggs is 3.09 yuan/jin, unchanged; the basis (spot - futures) is - 4 yuan/500 kilograms, up 22 yuan [2] Upstream Situation - The national laying hen inventory index is 114.24 (with 2015 = 100), down 1.02; the national eliminated laying hen index is 114.44 (with 2015 = 100), down 10.19; the average price of laying hen chicks in the main production areas is 2.8 yuan/chick, down 0.05 yuan; the national new - born chick index is 67.09 (with 2015 = 100), down 9.56; the average price of laying hen compound feed is 2.8 yuan/kg, up 0.04 yuan; the breeding profit per laying hen is - 0.36 yuan, down 0.06 yuan; the average price of eliminated chickens in the main production areas is 7.94 yuan/kg, up 0.22 yuan; the average age of eliminated chickens nationwide is 510 days, up 3 days [2] Industry Situation - The average wholesale price of pork is 17.43 yuan/kg, up 0.03 yuan; the average wholesale price of 28 key - monitored vegetables is 5.93 yuan/kg, unchanged; the average wholesale price of dressed chickens is 17.82 yuan/kg, up 0.12 yuan; the weekly inventory in the circulation link is 1.1 days, down 0.04 days; the weekly inventory in the production link is 1.01 days, down 0.05 days; the monthly export volume of fresh eggs is 13394.53 tons, up 178.74 tons [2] Downstream Situation - The weekly consumption of eggs in the sales areas is 7127 tons, up 12 tons [2] Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.15 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 5.84 yuan/kg, up 0.04 yuan from yesterday; the average price of eggs in Guangdong is 6.53 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 6.40 yuan/kg, unchanged from yesterday. The continuous losses at the breeding end have led to a decline in replenishment enthusiasm and an increase in the elimination of old hens. The inventory of laying hens has slightly decreased, and the market sentiment has slightly improved [2]