瑞达期货鸡蛋产业日报-20260224

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints - During the Spring Festival holiday, the market trading atmosphere was light, domestic sales in various regions were below expectations, demand - side support was limited, and production capacity was continuously released during the holiday, resulting in a certain inventory in production areas and significant market pressure. The current core strategy is to actively reduce inventory, and post - holiday opening prices in various regions are about 0.5 - 1.0 yuan/jin lower than pre - holiday prices. With enterprises resuming work and production, market sales have slightly improved, but due to inventory pressure, traders still focus on clearing goods. Egg chicken inventory is at the highest level in the same period, supply - side pressure is still high, and egg prices may continue the pattern of being stable but slightly weak in the short term. The futures market shows a relatively differentiated performance, with near - term contracts rising slightly and far - term contracts falling, and short - term participation is recommended [2] 3. Summary by Directory 3.1 Futures Market - The closing price of the active egg futures contract is 3253 yuan/500 kilograms, with a daily increase of 2; the net long position of the top 20 futures holders is - 2757 hands, with a daily increase of 10082 hands; the monthly spread between May and September contracts is - 390 yuan/500 kilograms; the trading volume of the active contract is 172118 hands, with a daily increase of 10640 hands; the registered warehouse receipt volume is 0 hands [2] 3.2 Spot Market - The egg spot price is 2.29 yuan/jin, with a daily decrease of 1.11; the basis (spot - futures) is - 964 yuan/500 kilograms, with a daily decrease of 1111 [2] 3.3 Upstream Situation - The national laying hen inventory index is 109.28 (with 2015 = 100), with a monthly decrease of 2.75; the national culled laying hen index is 124.98 (with 2015 = 100), with a monthly increase of 23.8; the average price of egg - laying chicken chicks in the main production areas is 3.2 yuan/feather, with no change; the national new - born chick index is 71.99 (with 2015 = 100), with a monthly decrease of 21.63; the average price of egg - laying chicken compound feed is 2.8 yuan/kg, with a weekly decrease of 0.04; the egg - laying chicken breeding profit is - 0.09 yuan/head, with a weekly decrease of 0.12; the average price of culled chickens in the main production areas is 8.86 yuan/kg, with no change; the average age of culled chickens in the country is 500 days, with no change [2] 3.4 Industry Situation - The average wholesale price of 28 key - monitored vegetables is 18.15 yuan/kg, with a daily decrease of 0.03; the average wholesale price of pork is 5.45 yuan/kg, with a daily decrease of 0.13; the average wholesale price of white - striped chickens is 17.52 yuan/kg, with a daily increase of 0.23; the weekly inventory in the circulation link is 1.07 days, with a weekly increase of 0.02; the weekly inventory in the production link is 1.02 days, with a weekly increase of 0.05; the monthly export volume of fresh eggs is 14898.72 tons, with an increase of 1853.2 tons [2] 3.5 Downstream Situation - The weekly consumption volume of eggs in the sales areas is 7210 tons, with a decrease of 165 tons [2] 3.6 Industry News - Today, the average price of eggs in Shandong's main production area is 5.71 yuan/kg, 1.04 yuan/kg lower than the pre - holiday price; in Hebei, it is 5.51 yuan/kg, 1.21 yuan/kg lower than the pre - holiday price; in Guangdong, it is 6.47 yuan/kg, 0.40 yuan/kg lower than the pre - holiday price; in Beijing, it is 5.92 yuan/kg, 1.64 yuan/kg lower than the pre - holiday price [2]