瑞达期货鸡蛋产业日报-20260202

1. Report Industry Investment Rating - No information provided on the industry investment rating 2. Core View of the Report - The current high inventory of laying hens is still at a high level. The Spring Festival stocking sentiment has reached its peak, leading to a decline in inventory at all levels, some inventories have been cleared, and traders are more active in purchasing, accelerating the turnover speed. Egg prices have risen significantly, and the profits of the breeding end have improved, which has increased the enthusiasm for chick replenishment and slightly slowed down the enthusiasm for old chicken culling, weakening the expectation of inventory decline. The market is in a game between the boost of the continuous rise in spot prices and the pressure of high inventory, adding market volatility, and it is recommended to participate in the short - term [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the active contract of egg futures is 2,975 yuan/500 kilograms, a decrease of 27 yuan; the net long position of the top 20 futures holders of eggs is - 1,165 hands, a decrease of 3,655 hands; the egg futures monthly spread (5 - 9) is - 437 yuan/500 kilograms, an increase of 14 yuan; the trading volume of the active contract of egg futures is 180,423 hands, a decrease of 20,064 hands; the registered warehouse receipt volume is 0 hands [2] 3.2 Spot Market - The spot price of eggs is 3.84 yuan/jin, a decrease of 0.28 yuan; the basis (spot - futures) is 860 yuan/500 kilograms, a decrease of 249 yuan [2] 3.3 Upstream Situation - The national laying hen inventory index is 109.28 (with 2015 = 100), a decrease of 2.75; the national culling laying hen index is 124.98 (with 2015 = 100), an increase of 23.8; the average price of laying hen chicks in the main producing areas is 3.1 yuan/feather, an increase of 0.1 yuan; the national new chick index is 71.99 (with 2015 = 100), a decrease of 21.63; the average price of laying hen feed is 2.84 yuan/kg, unchanged; the breeding profit of laying hens is 0.11 yuan/hen, an increase of 0.19 yuan; the average price of culled chickens in the main producing areas is 9.06 yuan/kg, an increase of 0.28 yuan; the culling chicken age is 500 days, unchanged [2] 3.4 Industry Conditions - The average wholesale price of pork is 18.44 yuan/kg, a decrease of 0.17 yuan; the average wholesale price of 28 key - monitored vegetables is 5.56 yuan/kg, a decrease of 0.06 yuan; the average wholesale price of white - striped chickens is 17.35 yuan/kg, an increase of 0.07 yuan; the weekly inventory in the circulation link is 1.07 days, an increase of 0.02 days; the weekly inventory in the production link is 1.02 days, an increase of 0.05 days; the monthly export volume of fresh eggs is 14,898.72 tons, an increase of 1,853.2 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales area is 7,210 tons, a decrease of 165 tons [2] 3.6 Industry News - Today, the average price of eggs in Shandong, the main producing area, is 7.69 yuan/kg, a decrease of 0.66 yuan from yesterday; the average price of eggs in Hebei is 7.41 yuan/kg, a decrease of 0.36 yuan from yesterday; the average price of eggs in Guangdong is 7.67 yuan/kg, a decrease of 0.80 yuan from yesterday; the average price of eggs in Beijing is 8.18 yuan/kg, a decrease of 0.32 yuan from yesterday [2]