瑞达期货鸡蛋产业日报-20260106

Report Industry Investment Rating - Not specified in the provided content Core Viewpoints - The current stage of the breeding side is still in a loss state, and the market's enthusiasm for replenishment is still lower than the same period last year, which is beneficial for long - term prices [2] - However, the current inventory of laying hens in production is still at a high level, and the enthusiasm for culling old hens has slightly slowed down recently. High production capacity still restricts the performance of near - month market prices [2] - Overall, the market is in a game between weak reality and strong expectations. In the short term, near - month contracts may be in a wide - range low - level oscillation state. In the long term, with the expectation of declining production capacity, the performance of far - month contracts is expected to be better than that of near - month contracts. One can lightly test long positions in far - month contracts [2] Summary by Relevant Categories 1. Futures Market - The closing price of the active egg futures contract is 3000 yuan per 500 kilograms, with a week - on - week increase of 8 [2] - The net long position of the top 20 futures holders of eggs is - 32401 hands, with a week - on - week increase of 12996 hands [2] - The monthly spread (May - September) of egg futures is - 425 yuan per 500 kilograms, with a week - on - week increase of 34 [2] - The trading volume of the active egg futures contract is 231586 hands, with a week - on - week increase of 12061 hands [2] - The registered warehouse receipt volume of eggs is 23 hands, with no week - on - week change [2] 2. Spot Market - The spot price of eggs is 3.18 yuan per catty, with a week - on - week increase of 0.07 yuan [2] - The basis (spot - futures) is 179 yuan per 500 kilograms, with a week - on - week increase of 66 [2] 3. Upstream Situation - The national laying hen inventory index is 112.03 (with 2015 = 100), with a month - on - month decrease of 2.21 [2] - The national culling laying hen index is 101.18 (with 2015 = 100), with a month - on - month decrease of 13.26 [2] - The average price of laying hen chicks in the main production areas is 2.8 yuan per chick, with no weekly change [2] - The national new - born chick index is 93.62 (with 2015 = 100), with a month - on - month increase of 26.53 [2] - The average price of laying hen compound feed is 2.8 yuan per kilogram, with no weekly change [2] - The breeding profit of laying hens is - 0.39 yuan per hen, with a weekly increase of 0.08 [2] - The average price of culled hens in the main production areas is 7.9 yuan per kilogram, with a weekly increase of 0.16 [2] - The national average age of culled hens is 500 days, with a month - on - month decrease of 10 days [2] 4. Industry Situation - The average wholesale price of pork is 17.99 yuan per kilogram, with a daily increase of 0.03 [2] - The average wholesale price of 28 key - monitored vegetables is 5.61 yuan per kilogram, with a daily decrease of 0.04 [2] - The average wholesale price of white - striped chickens is 17.72 yuan per kilogram, with a daily decrease of 0.08 [2] - The weekly inventory in the circulation link is 1.21 days, with a weekly increase of 0.09 [2] - The weekly inventory in the production link is 1.09 days, with a weekly increase of 0.09 [2] - The monthly export volume of fresh eggs is 13394.53 tons, with an increase of 178.74 tons [2] 5. Downstream Situation - The weekly consumption of eggs in the sales areas is 7147 tons, with an increase of 124 tons [2] 6. Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.30 yuan per kilogram, up 0.18 from yesterday; in Hebei, it is 5.88 yuan per kilogram, up 0.22 from yesterday; in Guangdong, it is 6.87 yuan per kilogram, up 0.14 from yesterday; in Beijing, it is 6.30 yuan per kilogram, up 0.14 from yesterday [2] - The continuous losses of the breeding side have led to a decline in the enthusiasm for replenishment and an increase in the number of old hens culled. The inventory of laying hens has slightly decreased, and the market atmosphere has slightly improved [2]