瑞达期货鸡蛋产业日报-20251224

Report Information - Report Title: Egg Industry Daily Report 2025-12-24 [1] - Analyst: Xu Fangli [2] - Futures Practitioner Qualification Number: F3073708 [2] - Futures Investment Consulting Practitioner Certificate Number: Z0017638 [2] Investment Rating - No investment rating is provided in the report. Core View - The market is in a game between weak reality and strong expectations. The short - term near - month contracts may be in a wide - range oscillation state, and it is advisable to lightly test long positions in the far - month contracts [2]. Summary by Directory Futures Market - The futures closing price of the active egg contract is 2,947 yuan per 500 kilograms, with a环比 increase of 71 [2]. - The net long position of the top 20 futures holders of eggs is - 33,420 lots, with a环比 increase of 11,292 [2]. - The egg futures monthly spread (5 - 9) is - 528 yuan per 500 kilograms, with a环比 decrease of 23 [2]. - The futures open interest of the active egg contract is 169,411 lots, with a环比 decrease of 20,946 [2]. - The registered warehouse receipt volume of eggs is 0 lots, with no环比 change [2]. Spot Market - The spot price of eggs is 2.98 yuan per jin, with a环比 decrease of 0.07 [2]. - The basis (spot - futures) is 31 yuan per 500 kilograms, with a环比 decrease of 138 [2]. Upstream Situation - The laying hen inventory index nationwide is 112.03 (2015 = 100), with a环比 decrease of 2.21 [2]. - The culled laying hen index nationwide is 101.18 (2015 = 100), with a环比 decrease of 13.26 [2]. - The average price of layer chicks in the main producing areas is 2.8 yuan per chick, with no环比 change [2]. - The new chick index nationwide is 93.62 (2015 = 100), with a环比 increase of 26.53 [2]. - The average price of layer compound feed is 2.8 yuan per kilogram, with no环比 change [2]. - The layer farming profit is - 0.36 yuan per chicken, with no环比 change [2]. - The average price of culled chickens in the main producing areas is 7.9 yuan per kilogram, with a环比 decrease of 0.04 [2]. - The average age of culled chickens nationwide is 500 days, with a环比 decrease of 10 [2]. Industry Situation - The average wholesale price of pork is 17.35 yuan per kilogram, with a环比 decrease of 0.18 [2]. - The average wholesale price of 28 key monitored vegetables is 5.81 yuan per kilogram, with a环比 decrease of 0.02 [2]. - The average wholesale price of white - striped chickens is 17.85 yuan per kilogram, with a环比 decrease of 0.11 [2]. - The weekly inventory in the circulation link is 1.12 days, with a环比 increase of 0.02 [2]. - The weekly inventory in the production link is 1 day, with a环比 decrease of 0.01 [2]. - The monthly export volume of fresh eggs is 13,394.53 tons, with a环比 increase of 178.74 [2]. Downstream Situation - The weekly consumption of eggs in the sales areas is 7,023 tons, with a环比 decrease of 104 [2]. Industry News - The average price of eggs in Shandong, the main producing area, is 5.80 yuan per kilogram, a decrease of 0.19 from yesterday; in Hebei, it is 5.66 yuan per kilogram, a decrease of 0.12; in Guangdong, it is 6.53 yuan per kilogram, unchanged from yesterday; in Beijing, it is 6.16 yuan per kilogram, a decrease of 0.14 [2]. - The continuous losses of the farming end have led to a decline in the enthusiasm for replenishment and an increase in the number of old chicken culls. The laying hen inventory has slightly declined, and the market atmosphere has slightly improved [2]. Key Points of View - The spot price remains low, and the farming end is still in a loss state. The market's enthusiasm for replenishment is poor, which is beneficial to the long - term price. However, the current inventory of laying hens in production is still at a high level, the culling of old chickens has slowed down slightly, and the high production capacity still restricts the performance of the near - month market price [2].