瑞达期货鸡蛋产业日报-20260112

1. Industry Investment Rating - No information provided 2. Core View - The market is in a game between weak reality and strong expectations. The short - term near - month contracts may be in a state of wide - range low - level oscillation. The far - month contracts are expected to perform better than the near - month ones under the expectation of declining production capacity, and it is advisable to try to go long on the far - month contracts with a light position [2] 3. Summary by Directory 3.1 Futures Market - The closing price of the active futures contract for eggs is 3020 yuan/500 kilograms, a decrease of 20 yuan compared to the previous period; the net long position of the top 20 futures holders for eggs is - 20024 hands, a decrease of 1369 hands; the monthly spread (5 - 9) of egg futures is - 384 yuan/500 kilograms, an increase of 9 yuan; the futures open interest of the active contract for eggs is 270221 hands, an increase of 19367 hands; the registered warehouse receipt volume for eggs is 5 hands, a decrease of 2 hands [2] 3.2 Spot Market - The spot price of eggs is 3.4 yuan/jin, an increase of 0.09 yuan; the basis (spot - futures) is 377 yuan/500 kilograms, an increase of 115 yuan [2] 3.3 Upstream Situation - The laying hen inventory index nationwide is 112.03 (with 2015 = 100), a decrease of 2.21; the culled laying hen index nationwide is 101.18 (with 2015 = 100), a decrease of 13.26; the average price of laying hen chicks in the main producing areas is 2.9 yuan/feather, an increase of 0.1 yuan; the new chick index nationwide is 93.62 (with 2015 = 100), an increase of 26.53; the average price of laying hen compound feed is 2.8 yuan/kilogram, unchanged; the breeding profit of laying hens is - 0.29 yuan/hen, an increase of 0.1 yuan; the average price of culled hens in the main producing areas is 8.16 yuan/kilogram, an increase of 0.26 yuan; the culled hen age nationwide is 500 days, a decrease of 10 days [2] 3.4 Industry Situation - The average wholesale price of pork is 17.83 yuan/kilogram, a decrease of 0.14 yuan; the average wholesale price of 28 key - monitored vegetables is 5.51 yuan/kilogram, a decrease of 0.02 yuan; the average wholesale price of white - striped chickens is 17.67 yuan/kilogram, an increase of 0.07 yuan; the weekly inventory in the circulation link is 1.21 days, an increase of 0.09 days; the weekly inventory in the production link is 1.09 days, an increase of 0.09 days; the export volume of fresh eggs in the current month is 13394.53 tons, an increase of 178.74 tons [2] 3.5 Downstream Situation - The weekly consumption volume of eggs in the sales area is 7377 tons, unchanged [2] 3.6 Industry News - Today, the average price of eggs in Shandong, the main producing area, is 6.77 yuan/kilogram, an increase of 0.23 yuan compared to yesterday; in Hebei, it is 6.37 yuan/kilogram, an increase of 0.22 yuan; in Guangdong, it is 7.47 yuan/kilogram, an increase of 0.40 yuan; in Beijing, it is 6.84 yuan/kilogram, an increase of 0.24 yuan. The continuous losses of the breeding end have led to a decline in the enthusiasm for replenishment and an increase in the culling volume of old hens, and the laying hen inventory has continued to decline from a high level, with a slight improvement in the market atmosphere [2]