瑞达期货鸡蛋产业日报-20260323

1. Report Industry Investment Rating - No information provided 2. Core View of the Report - The supply side has a relatively high inventory, and the elimination of old chickens is slow, resulting in sufficient overall supply. However, with schools fully reopened and factories back in operation, the pre - Qingming Festival stocking has started early, significantly boosting off - season demand. The feed cost has increased, and the breeding side is reluctant to sell and tries to hold up prices, leading to a rebound in spot prices. The rise in spot prices further weakens the expectation of a decline in laying - hen inventory. The egg futures market maintains a volatile trend, and short - term participation is recommended [2] 3. Summary by Relevant Catalogs 3.1 Futures Market - The closing price of the active egg futures contract is 3443 yuan/500 kilograms, with a week - on - week increase of 34 [2] - The net long position of the top 20 futures holders of eggs is - 1562 hands, with a week - on - week decrease of 2138 hands [2] - The monthly spread between the May and September egg futures contracts is - 365 yuan/500 kilograms, with a week - on - week increase of 20 [2] - The trading volume of the active egg futures contract is 153746 hands, with a week - on - week decrease of 11387 hands [2] - The registered warehouse receipt volume of eggs is 0 hands, with a week - on - week decrease of 5 hands [2] 3.2 Spot Market - The spot price of eggs is 3.32 yuan/jin, with a week - on - week increase of 0.02 yuan [2] - The basis (spot - futures) is - 127 yuan/500 kilograms, with a week - on - week decrease of 12 yuan [2] 3.3 Upstream Situation - The national laying - hen inventory index is 109.28 (with 2015 = 100), with a month - on - month decrease of 2.75 [2] - The national eliminated laying - hen index is 124.98 (with 2015 = 100), with a month - on - month increase of 23.8 [2] - The average price of egg - laying chicken seedlings in the main production areas is 3.6 yuan/feather, with a week - on - week increase of 0.1 yuan [2] - The national new - chick index is 71.99 (with 2015 = 100), with a month - on - month decrease of 21.63 [2] - The average price of egg - laying chicken compound feed is 2.9 yuan/kg, with a week - on - week increase of 0.06 yuan [2] - The breeding profit of egg - laying chickens is - 0.32 yuan/head, with a week - on - week increase of 0.01 yuan [2] - The average price of eliminated chickens in the main production areas is 10.52 yuan/kg, with a week - on - week increase of 0.12 yuan [2] - The average age of eliminated chickens in the country is 500 days, with no change [2] 3.4 Industry Situation - The average wholesale price of pork is 16.01 yuan/kg, with a week - on - week increase of 0.03 yuan [2] - The average wholesale price of 28 key - monitored vegetables is 4.87 yuan/kg, with a week - on - week increase of 0.01 yuan [2] - The average wholesale price of white - striped chickens is 17.58 yuan/kg, with a week - on - week increase of 0.21 yuan [2] - The weekly inventory in the circulation link is 1.17 days, with a week - on - week decrease of 0.1 day [2] - The weekly inventory in the production link is 1.07 days, with a week - on - week decrease of 0.15 day [2] - The monthly export volume of fresh eggs is 10796.36 tons, with a month - on - month decrease of 3741.98 tons [2] 3.5 Downstream Situation - The weekly consumption of eggs in the sales areas is 6864 tons, with a week - on - week decrease of 440 tons [2] 3.6 Industry News - The average price of eggs in Shandong, the main production area, is 6.54 yuan/kg, unchanged from yesterday; the average price of eggs in Hebei is 6.30 yuan/kg, up 0.12 yuan from yesterday; the average price of eggs in Guangdong is 7.27 yuan/kg, unchanged from yesterday; the average price of eggs in Beijing is 6.70 yuan/kg, up 0.10 yuan from yesterday [2]