建信期货鸡蛋日报-20260115

Group 1: Industry and Date - The report focuses on the egg industry [1] - The report date is January 15, 2026 [2] Group 2: Research Team - The agricultural product research team includes researchers Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, and Liu Youran [4] Group 3: Market Review and Operation Suggestions Market Review - The prices of egg futures contracts 2602, 2603, and 2605 all declined. The 2602 contract fell -0.94% to 2958, the 2603 contract dropped -0.56% to 3007, and the 2605 contract decreased -0.61% to 3560 [7] - The average price of eggs in the main producing areas was 3.47 yuan/jin, up 0.10 yuan/jin from yesterday, and the average price in the main selling areas was 3.67 yuan/jin, also up 0.10 yuan/jin from yesterday. The 02 contract fell 1.32% [7] Operation Suggestions - The 02 and 03 contracts are in the absolute off - season. They will mainly increase the basis in the future. Unless the current price increase in production and sales areas exceeds expectations in intensity and duration, they may oscillate at the bottom [8] - The far - month contracts have potential positive factors due to the possible inflection point in inventory. Pay attention to the restocking situation. If the continuous rise in egg prices weakens the far - month valuation, consider laying out long positions in peak - season contracts such as 05 and operate in a rolling manner [8] Group 4: Industry News Inventory - As of the end of December 2025, the national monthly inventory of laying hens was about 1.344 billion, a 0.59% month - on - month decrease and a 5.00% year - on - year increase [9] Restocking - In December 2025, the monthly output of laying hen chicks from sample enterprises was about 39.59 million, basically the same as in November 2025 but significantly less than the 45.98 million in the same period of 2024. The total restocking volume from September to December 2025 was about 157.49 million, less than the 182.14 million in the same period last year, indicating that the medium - term production capacity pressure may continue to ease [9] Group 5: Data Overview Elimination Volume - As of the three weeks before January 8, the national elimination volume of laying hens was 19.39 million, 19.82 million, and 18.96 million respectively [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 [18]