建信期货鸡蛋日报-20260324

Group 1: Report Overview - Reported industry: Eggs [1] - Report date: March 24, 2026 [2] - Research team: Agricultural products research team, including researchers Yu Lanlan, Lin Zhenlei, Wang Haifeng, Hong Chenliang, and Liu Youran [4] Group 2: Market Review and Operation Suggestions - Market review: - Today, the national egg price was slightly stronger. The average price in the main production areas was 3.27 yuan/jin, up 0.02 yuan/jin from yesterday; the average price in the main sales areas was 3.55 yuan/jin, up 0.06 yuan/jin from yesterday. The 05 contract rose 1.41% [7]. - Last week, the spot price of eggs was stable with a slight upward trend. The price in the sales areas changed little, while that in the production areas was slightly stronger. From a seasonal perspective, the current egg - price performance is better than in bear markets such as 2017 and 2020 [7]. - In the futures market, the near - month and the main 05 contract traded in the range of 3360 - 3440 points, and the subsequent contracts were relatively weaker. The basis of the main contract is at a medium level in the same period of previous years [7]. - Operation suggestions: - Since the spot price is expected to be slightly stronger at the beginning of the second quarter, the 05 contract is recommended to be traded in the range with a strategy of buying on dips. - The long - term contracts are still variable. The replenishment data in January - February has recovered to some extent, and the recent chick price is relatively high. The process of reducing the laying - hen inventory may be repeated, so the 06 and 07 contracts in the relatively off - season are not particularly promising [7]. Group 3: Industry News - Inventory: As of the end of February, the national monthly inventory of laying hens was about 1.35 billion, with a month - on - month increase of 0.6%, ending four consecutive months of decline. The year - on - year increase was 3.4% compared with the same period last year [8]. - Replenishment: In February, the monthly output of laying - hen chicks from sample enterprises was about 43.3 million, close to 43.22 million in January and slightly less than 45.64 million in the same period in 2025. It was a relatively high single - month replenishment volume in the past eight years [8][9] Group 4: Data Overview - Elimination volume: As of March 12, the national elimination volume of laying hens 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 laying hens was 505 days, 3 days later than last week and 9 days earlier than last month, indicating a slight slowdown in the elimination rhythm recently [18]