建信期货鸡蛋日报-20260113

Group 1: Report Overview - Report Date: January 13, 2026 [2] - Reported Industry: Eggs [1] - Research Team: Agricultural Products Research Team, including researchers Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, and Liu Youran [4] Group 2: Market Review and Operation Suggestions Market Review - Spot Market: Today, the national egg price is strong. The average price in the main producing areas is 3.37 yuan/jin, up 0.12 yuan/jin from yesterday; the average price in the main selling areas is 3.57 yuan/jin, also up 0.12 yuan/jin from yesterday. Last week, the spot price of eggs rose, with both the producing and selling areas generally increasing. After the New Year's Day, the egg price was stable, and then became strong under the combined effect of the subsidence of rain and snow and the post - holiday replenishment demand [8]. - Futures Market: This week, the near - month contracts fluctuated slightly strongly at a low level, while the far - month contracts declined. The strength of the near - month contracts is mainly due to the pull of the spot market, while the far - month contracts are回调 because the previous expectation of the inventory inflection point has been shaken by the current rising egg price [8]. | Contract | Pre - settlement Price | Opening Price | Highest Price | Lowest Price | Closing Price | Change | Change Rate | Trading Volume | Open Interest | Open Interest Change | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Egg 2602 | 2989 | 3030 | 3032 | 2992 | 2996 | 7 | 0.23% | 32559 | 65643 | - 2887 | | Egg 2603 | 3030 | 3054 | 3060 | 3013 | 3020 | - 10 | - 0.33% | 183867 | 270221 | 19367 | | Egg 2605 | 3563 | 3579 | 3593 | 3566 | 3578 | 15 | 0.42% | 32264 | 94918 | 2653 | [7] Operation Suggestions - The 02 and 03 contracts are absolute off - season contracts. In the future, they will mainly increase the basis. Unless the intensity and duration of the current general increase in the producing and selling areas exceed expectations, the 02 and 03 contracts may always oscillate in the bottom range. - The far - month contracts have the positive factor of the inventory inflection point. Pay attention to the replenishment situation. If the continuous rise of the egg price weakens the far - month valuation, you can consider arranging long positions in the peak - season contracts such as the 05 contract, mainly through rolling operations [8]. Group 3: Industry News - Inventory: As of the end of December 2025, the national monthly inventory of laying hens was about 1.344 billion, a month - on - month decrease of 0.59%, and a year - on - year increase of 5.00%. The current inventory is at a high level in the same period of history [9]. - Replenishment: In December 2025, the monthly output of laying hen chicks in sample enterprises was about 39.59 million, basically the same as that in November, but significantly less than that in the same period in 2024. The total replenishment volume from September to December 2025 was about 157.49 million, less than that in the same period last year, indicating that the medium - term production capacity pressure may continue to ease [9]. Group 4: Data Overview - Elimination Volume: As of January 8, the national elimination volume of laying hens in the previous three weeks was 19.39 million, 19.82 million, and 18.96 million respectively, maintaining a relatively high level but slightly decreasing [18]. - Elimination Age: As of January 8, the average elimination age of laying hens was 484 days, the same as last week and 2 days earlier than last month, remaining stable [18].