瑞达期货鸡蛋产业日报-20260226

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The market is under significant pressure due to the accumulation of inventory in production areas during the Spring Festival holiday, with limited support from the demand side and continuous release of production capacity. The current core strategy is active inventory reduction, and the post - holiday opening prices in various regions have dropped by about 0.5 yuan per catty compared to pre - holiday levels. With the resumption of work and production of enterprises, the market sales have slightly improved, but due to inventory pressure, traders still focus on clearing goods. The egg inventory is at the highest level in the same period, and the supply - side pressure is still high. The short - term spot egg price may continue the pattern of being stable but weak. The egg price on the futures market has slightly declined today and may maintain a volatile trend in the short term, with short - term participation being the main approach [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the active egg futures contract is 3239 yuan per 500 kilograms, a decrease of 29 yuan; the net long position of the top 20 futures holders is 3448 hands, an increase of 3062 hands; the egg futures monthly spread (5 - 9) is - 387 yuan per 500 kilograms, a decrease of 9 yuan; the trading volume of the active egg futures contract is 166035 hands, a decrease of 10671 hands; the registered warehouse receipt volume is 14 hands, unchanged [2] 3.2 Spot Market - The spot price of eggs is 2.92 yuan per catty, an increase of 0.02 yuan; the basis (spot - futures) is - 315 yuan per 500 kilograms, an increase of 50 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 culled laying hen index is 124.98 (with 2015 = 100), an increase of 23.8; the average price of egg - laying chicken seedlings in the main production areas is 3.2 yuan per chick, unchanged; the national new - born chick index is 71.99 (with 2015 = 100), a decrease of 21.63; the average price of egg - laying chicken compound feed is 2.8 yuan per kilogram, a decrease of 0.04 yuan; the egg - laying chicken breeding profit is - 0.09 yuan per chicken, a decrease of 0.12 yuan; the average price of culled chickens in the main production areas is 8.86 yuan per kilogram, unchanged; the culling age of chickens is 500 days, unchanged [2] 3.4 Industry Situation - The average wholesale price of pork is 17.93 yuan per kilogram, a decrease of 0.09 yuan; the average wholesale price of 28 key - monitored vegetables is 5.38 yuan per kilogram, unchanged; the average wholesale price of dressed chickens is 17.34 yuan per kilogram, a decrease of 0.12 yuan; the weekly inventory in the circulation link is 1.26 days, unchanged; the weekly inventory in the production link is 1.24 days, a decrease of 0.02 days; the monthly export volume of fresh eggs is 14898.72 tons, an increase of 1853.2 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales area is 6390 tons, a decrease of 871 tons [2] 3.6 Industry News - The average egg price in Shandong, the main production area, is 5.71 yuan per kilogram, unchanged from yesterday; the average egg price in Hebei is 5.56 yuan per kilogram, unchanged; the average egg price in Guangdong is 6.47 yuan per kilogram, unchanged; the average egg price in Beijing is 5.92 yuan per kilogram, unchanged [2]