Ruida Futures(SZ:002961) Rui Da Qi Huo·2026-01-15 12:01Report Summary 1. Report Industry Investment Rating No investment rating is provided in the report. 2. Core View of the Report The market is in a game between weak reality and strong expectations. In the short - term, the near - month contracts may be in a wide - range low - level oscillation state. The far - month contracts are expected to perform better than the near - month ones due to the expected decline in production capacity, and investors can try to go long on the far - month contracts with a light position [2]. 3. Summary by Relevant Catalogs 3.1 Futures Market - The futures closing price (active contract) of eggs is 3066 yuan/500 kilograms, with a month - on - month increase of 59 [2]. - The net long position of the top 20 futures holders of eggs is 4977 lots, with a month - on - month increase of 16845 [2]. - The registered warehouse receipt volume of eggs is - 408 lots, with a month - on - month decrease of 8 [2]. - The futures position volume (active contract) of eggs is 260145 lots, with a month - on - month decrease of 4638 [2]. 3.2 Spot Market - The spot price of eggs is 3.54 yuan/jin, with a month - on - month increase of 0.04 [2]. - The basis (spot - futures) is 477 yuan/500 kilograms, with a month - on - month decrease of 16 [2]. 3.3 Upstream Situation - The laying hen inventory index nationwide is 112.03 (with 2015 = 100), with a month - on - month decrease of 2.21 [2]. - The culled laying hen index nationwide 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 producing areas is 2.9 yuan per chick, with a week - on - week increase of 0.1 [2]. - The new chick index nationwide 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/kg, with no week - on - week change [2]. - The breeding profit of laying hens is - 0.29 yuan per hen, with a week - on - week increase of 0.1 [2]. - The average price of culled chickens in the main producing areas is 8.16 yuan/kg, with a week - on - week increase of 0.26 [2]. - The average age of culled chickens nationwide is 500 days, with a month - on - month decrease of 10 [2]. 3.4 Industry Situation - The average wholesale price of pork is 18 yuan/kg, with a day - on - day decrease of 0.06 [2]. - The average wholesale price of 28 key - monitored vegetables is 5.5 yuan/kg, with a day - on - day decrease of 0.01 [2]. - The average wholesale price of white - striped chickens is 17.58 yuan/kg, with a day - on - day decrease of 0.2 [2]. - The weekly inventory in the circulation link is 1.21 days, with a week - on - week increase of 0.09 [2]. - The weekly inventory in the production link is 1.09 days, with a week - on - week increase of 0.09 [2]. - The monthly export volume of fresh eggs is 13394.53 tons, with a month - on - month increase of 178.74 [2]. 3.5 Downstream Situation The weekly consumption volume of eggs in the sales areas is 7377 tons, with no week - on - week change [2]. 3.6 Industry News - The average price of eggs in Shandong, the main producing area, is 7.09 yuan/kg, unchanged from yesterday [2]. - The average price of eggs in Hebei is 6.60 yuan/kg, up 0.05 yuan from yesterday [2]. - The average price of eggs in Guangdong is 7.67 yuan/kg, up 0.20 yuan from yesterday [2]. - The average price of eggs in Beijing is 7.04 yuan/kg, unchanged from yesterday [2]. - Continuous losses in the breeding end have led to a decline in replenishment enthusiasm and an increase in the number of old hens culled, and the laying hen inventory has continued to decline from a high level, with the market atmosphere slightly improving [2].