瑞达期货鸡蛋产业日报-20260331

Report Industry Investment Rating - Not provided Core Viewpoints - Recently, egg prices have been running strongly driven by pre - festival stocking, and the increase in feed costs has provided bottom support for egg prices, leading to farmers' reluctance to sell and price support. However, after the stocking ends and the festival effect fades, demand will decline, and egg prices are expected to fall. The current increase in spot prices weakens the expectation of a decline in laying - hen inventory, with slow culling of old hens, sufficient overall supply, and future supply pressure remaining. On the disk, constrained by high inventory, eggs generally maintain a low - level shock, and short - term participation is recommended [2] Summary by Directory Futures Market - The futures closing price of the active egg contract is 3440 yuan/500 kilograms, down 13 yuan; the net long position of the top 20 futures holders is 16383 lots, down 4648 lots; the egg futures monthly spread (5 - 9) is - 338 yuan/500 kilograms, down 2 yuan; the futures trading volume of the active contract is 138616 lots, down 17311 lots; the registered warehouse receipt volume is 0 lots, down 20 lots [2] Spot Market - The spot price of eggs is 3.37 yuan/jin, down 0.11 yuan; the basis (spot - futures) is - 67 yuan/500 kilograms, down 100 yuan [2] Upstream Situation - The laying - hen inventory index nationwide is 109.28 (2015 = 100), down 2.75; the culled laying - hen index nationwide is 124.98 (2015 = 100), up 23.8; the average price of egg - laying chicken seedlings in the main production areas is 3.65 yuan/feather, up 0.05 yuan; the new - chick index nationwide is 71.99 (2015 = 100), down 21.63; the average price of egg - laying chicken compound feed is 2.9 yuan/kg, unchanged; the breeding profit of egg - laying chickens is - 0.26 yuan/head, up 0.06 yuan; the average price of culled chickens in the main production areas is 10.18 yuan/kg, down 0.34 yuan; the culled - chicken age nationwide is 500 days, unchanged [2] Industry Situation - The average wholesale price of pork is 15.31 yuan/kg, down 0.15 yuan; the average wholesale price of 28 key - monitored vegetables is 4.68 yuan/kg, down 0.03 yuan; the average wholesale price of white - striped chickens is 17.22 yuan/kg, down 0.27 yuan; the weekly inventory in the circulation link is 1.15 days, down 0.02 days; the weekly inventory in the production link is 1.02 days, down 0.03 days; the monthly export volume of fresh eggs is 10796.36 tons, down 3741.98 tons [2] Downstream Situation - The weekly consumption volume of eggs in the sales area is 6864 tons, down 440 tons [2] Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.55 yuan/kg, down 0.38 yuan from yesterday; in Hebei, it is 6.54 yuan/kg, down 0.04 yuan; in Guangdong, it is 6.87 yuan/kg, down 0.20 yuan; in Beijing, it is 7.16 yuan/kg, unchanged from yesterday [2]