鸡蛋市场周报：现货价格连续上涨，提振期价继续收高-20260116

Report Overview - Report Title: Egg Market Weekly Report [2] - Report Date: January 16, 2026 [2] - Researcher: Xu Fangli [2] 1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - The egg market is in a state of game between weak reality and strong expectations. The near - term contracts may be in a wide - range low - level oscillation in the short term, while the far - term contracts are expected to perform better due to the expected decline in production capacity. It is recommended to lightly test long positions in far - term contracts [6] 3. Summary by Directory 3.1 Week - to - Week Summary - Market Performance: This week, the egg price fluctuated and closed higher. The closing price of the 2603 contract was 3072 yuan per 500 kilograms, an increase of 32 yuan per 500 kilograms compared to the previous week [6] - Market Outlook: The continuous losses of the breeding end have led to a decline in the enthusiasm for replenishment and an increase in the elimination of old chickens. The egg - laying hen inventory has continued to decline from a high level, and the market sentiment has slightly improved. However, the current inventory of laying hens in production is still at a high level, and the recent continuous rise in egg prices has slightly slowed down the enthusiasm for eliminating old chickens. High production capacity still restricts the performance of near - month market prices [6] 3.2 Futures and Spot Market - Futures Price and Position: The egg futures March contract oscillated and rebounded. The holding volume was 263,198 lots, an increase of 12,344 lots compared to last week. The net position of the top 20 changed from net short to net long, with a net position of + 1787 (last week was - 18,655) [13] - Futures Warehouse Receipt: As of Friday, the number of registered egg warehouse receipts was 0 [16] - Spot Price and Basis: The egg spot price was reported at 3644 yuan per 500 kilograms, an increase of 342 yuan per 500 kilograms compared to last week. The basis between the active March contract futures price and the spot average price was reported at + 572 yuan per ton [22] - Futures Inter - month Spread: The 3 - 5 spread of eggs was reported at - 511 yuan per 500 kilograms, which was generally at a low level in the same period [26] - Related Product Spot Price: As of January 15, 2026, the average wholesale price of pork was reported at 18 yuan per kilogram, and the average wholesale price of 28 key monitored vegetables was reported at 5.5 yuan per kilogram [32] 3.3 Industry Chain - Supply - side Inventory and Replenishment: As of November 30, 2025, the national laying - hen inventory index was reported at 112.03, a month - on - month decrease of 1.93%. The national new - chick index was reported at 93.62, a month - on - month increase of 39.54% [38] - Laying - hen Elimination: As of November 30, 2025, the national elimination - laying - hen index was reported at 101.18, a month - on - month decrease of 11.59%. The national elimination - chicken age was reported at 500 days [43] - Feed Raw Material Price: As of January 15, 2026, the average spot price of corn was reported at 2363.82 yuan per ton, and the spot price of soybean meal in Fangcheng was reported at 3160 yuan per ton [47] - Feed Price and Breeding Profit: As of January 9, 2026, the breeding profit of laying hens was reported at - 0.29 yuan per chicken, and the average price of laying - hen compound feed was reported at 2.8 yuan per kilogram [54] - Egg - laying Hen Chick and Elimination - chicken Price: As of January 9, 2026, the average price of egg - laying hen chicks in the main production areas was reported at 2.9 yuan per chick, and the average price of elimination chickens in the main production areas was reported at 8.16 yuan per kilogram [58] - Egg Monthly Export Volume: In November 2025, the total egg export volume was 13,045.52 tons, a year - on - year increase of 9.13% (compared to 11,953.66 tons in the same period last year) and a month - on - month decrease of 349.02 tons (compared to 13,394.53 tons in the previous month) [62] 3.4 Representative Company - Xiaoming Co., Ltd.: The report shows the price - earnings ratio change of Xiaoming Co., Ltd., but no specific analysis content is provided [64]