建信期货鸡蛋日报-20260318

1. Report Industry Investment Rating No information provided 2. Core Viewpoints - The current egg market is in a process of digesting inventory at a low level, and there is a possibility of a seasonal small increase in late March under normal circumstances [9]. - The near - term egg futures contracts are mainly suppressed by spot prices, while the far - term contracts are less affected by spot prices. With the expected increase in feed costs and inflation expectations, the far - term egg futures may be more favored by bulls. It is recommended to focus on the opportunity to lay out long positions during the peak season in the second half of the year and conduct rolling operations [9]. 3. Summary by Directory 3.1行情回顾与操作建议 - Market Review: The national egg price oscillated today. The average price in the main production areas was 3.13 yuan/jin, down 0.01 yuan/jin from yesterday; the average price in the main sales areas was 3.43 yuan/jin, unchanged from yesterday. The 04 contract fell 0.46%. The 2604 contract closed at 3254, down 15 points or 0.46%; the 2605 contract closed at 3382, down 37 points or 1.08%; the 2606 contract closed at 3208, down 25 points or 0.77% [7][8]. - Operation Suggestion: Pay attention to the opportunity to lay out long positions during the peak season in the second half of the year and conduct rolling operations [9]. 3.2行业要闻 - 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. Compared with the same period last year, it increased by 3.4% [10]. - Replenishment: In February, the monthly output of layer chicks of sample enterprises was about 43.3 million, close to that in January and slightly less than that in the same period in 2025. It is a medium - to - high monthly replenishment volume in the past eight years [10]. 3.3数据概览 - 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 [18]. - Elimination Age: As of March 12, the average elimination age of chickens was 505 days, 3 days later than last week and 9 days earlier than last month, indicating that the elimination rhythm has slowed down slightly recently [18].