建信期货鸡蛋日报-20260316

1. Report Industry Investment Rating - No relevant information provided 2. Core View of the Report - The current egg market is in a process of digesting inventory at a low level, and there is a possibility of a seasonal slight increase in late March. The futures market shows differentiation. The near - term contracts are suppressed by spot prices, while the far - term contracts may be more favored by bulls due to factors such as rising feed costs and inflation expectations. It is recommended to pay attention to the opportunity of long - position layout in the peak season in the second half of the year and conduct rolling operations [8] 3. Summary by Directory 3.1 Market Review and Operation Suggestions - Market Review: The 2604 egg contract rose 0.49% to 3275, with a trading volume of 35,073 and an open interest of 36,908 (a decrease of 5,235). The 2605 contract fell 0.55% to 3433, with a trading volume of 139,655 and an open interest of 168,259 (an increase of 4,635). The 2606 contract fell 1.76% to 3242, with a trading volume of 68,977 and an open interest of 121,983 (an increase of 18,230). The average price of eggs in the main producing areas was 3.08 yuan/jin, down 0.01 yuan/jin from the previous day, and the average price in the main selling areas was 3.36 yuan/jin, unchanged from the previous day [7] - Operation Suggestions: Pay attention to the opportunity of long - position layout in the peak season in the second half of the year and conduct rolling operations [8] 3.2 Industry News - Inventory: As of the end of February, the monthly inventory of laying hens in the country was about 1.35 billion, with a month - on - month increase of 0.6%, ending the continuous decline for four months, and a year - on - year increase of 3.4% [9] - Replenishment: In February, the monthly output of egg - laying chicken seedlings of sample enterprises was about 43.3 million, similar to that in January and slightly less than the same period in 2025 [9] 3.3 Data Overview - Elimination Volume: As of March 12, the national chicken elimination volume in the previous three weeks was 8.78 million, 10.94 million, and 12.6 million respectively, showing a continuous upward trend [17] - Elimination Age: As of March 12, the average age of eliminated chickens was 505 days, 3 days later than the previous week and 9 days earlier than the previous month, indicating a slight slowdown in the elimination rhythm [17]