Report Industry Investment Ratings - No industry investment ratings are provided in the reports. Core Views Oils and Fats - Palm oil futures may fall due to potential increases in production and inventory, with short - term fluctuations in domestic prices. There's a chance of reaching 8300 yuan. US policy proposals may boost soybean oil demand, but domestic inventory increases could drag down prices [1]. Sugar - Short - term, raw sugar will fluctuate between 17 - 20 cents/pound. Domestic sugar prices are supported currently but may face limited upside due to expected import increases, with a forecast range of 5800 - 5950 yuan [3]. Cotton - Domestic cotton prices may oscillate in the short term. New cotton supply looks good, while downstream demand is slightly weak. Attention should be paid to the 13500 - 13700 yuan/ton pressure level [4]. Eggs - Abundant supply and general demand lead to a slightly tense supply - demand situation. Egg prices may decline slightly and then stabilize this week [6]. Meal - US soybean prices are pressured by biodiesel policy uncertainty and smooth sowing. Domestic supply is increasing, and the basis is under pressure. Attention should be paid to soybean meal performance around 2900 yuan [9]. Corn - In the short term, the corn market is stable with a sideways trend. In the long term, supply tightening and increased demand will support prices. Suggest buying on dips during corrections [11]. Pigs - Pig prices are expected to remain volatile. The 09 contract is driven by funds, with limited upside and downside potential. Attention should be paid to the second - fattening slaughter [15][16]. Summary by Related Catalogs Oils and Fats - **Price Changes**: Soybean oil spot price in Jiangsu dropped 0.84%, palm oil in Guangdong fell 2.27%, and rapeseed oil in Jiangsu decreased 0.31%. Futures prices also declined, while some basis values changed [1]. - **Policy Impact**: US policy proposals may increase soybean oil demand in biofuel production [1]. Sugar - **Market Data**: Futures prices declined slightly, while some spot prices increased. Production and sales increased year - on - year, and inventory decreased [3]. - **Industry Outlook**: Brazil's sugar production was affected by rain, but the 25/26 season is expected to be a bumper harvest [3]. Cotton - **Price and Inventory**: Futures prices dropped slightly, and some spot prices rose. Commercial inventory decreased, and import volume declined [4]. - **Market Situation**: Downstream demand is weakening, and new cotton supply is promising [4]. Eggs - **Price and Profit**: Futures prices declined, and the basis increased. Egg - layer chick prices were stable, and breeding profits improved [6]. - **Supply - Demand**: Supply is abundant, and demand is general [6]. Meal - **Price and Spread**: Soybean meal and rapeseed meal prices changed, and various spreads also adjusted. US soybean prices are under pressure, and domestic supply is increasing [9]. - **Market Factors**: Uncertain US biodiesel policy and smooth sowing affect the market [9]. Corn - **Price and Inventory**: Corn and corn starch prices changed. Corn inventory increased slightly, and starch inventory was stable [11]. - **Market Trends**: Short - term stability and long - term upward trend due to supply - demand changes [11]. Pigs - **Price and Spread**: Futures prices declined, and the spread between 7 - 9 contracts decreased. Spot prices were stable, and some indicators changed [15]. - **Market Conditions**: Stable supply - demand and potential second - fattening slaughter [15][16].

，或将迫使老鸡淘汰积极性提升和降低补栏积极性，对远期价格有所利好，关注现货价格对蛋鸡存栏的影 数据来源于第三方，观点仅供参考。市场有风险，投资需谨慎！ 响。盘面来看，期价跌至前期低位后，总体跌势放缓，短期暂且观望。 研究员: 许方莉 期货从业资格号F3073708 期货投资咨询从业证书号Z0017638 鸡蛋产业日报 2025-05-15 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 2885 | -36 期货前20名持仓:净买单量:鸡蛋(日,手) | -7695 | -3726 | | | 克) 鸡蛋期货月间价差(9-1):(日,元/500千克) | 99 | -5 期货持仓量(活跃合约):鸡蛋(日,手) | 90257 | -5488 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.23 | 0 基差(现货-期货)(日,元/500千克) | 346 | ...

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | | | | 1208 | | | | 2927 | 32 期货前20名持仓:净买单量:鸡蛋(日,手) | -1919 | | | | 克) 鸡蛋期货月间价差(9-1):(日,元/500千克) | 98 | 20 期货持仓量(活跃合约):鸡蛋(日,手) | 102969 | -7980 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.12 | 0.15 基差(现货-期货)(日,元/500千克) | 196 | 114 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 112.35 | -4.09 淘汰产蛋鸡指数:全国(月,2015=100) | 96.76 | -21.67 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 4.2 | 0 新增雏鸡指数:全国(月,2015=100) | 13 ...

Report Industry Investment Rating - Not provided Core Viewpoint - The price of feed raw materials has increased due to the Sino-US tariff policy, which supports the cost of eggs. However, after the previous strengthening of egg prices, the culling of old hens has slowed down again. Currently, the inventory of laying hens is at a high level, and the newly opened production of laying hens supplemented earlier is gradually increasing, resulting in sufficient egg supply. Meanwhile, as the festival stocking is coming to an end, the purchasing power of downstream terminals has weakened, and egg prices tend to stop rising and decline. From a market perspective, dragged down by the decline in spot prices, the near-term market has also weakened synchronously, and market volatility has increased. It is advisable to wait and see in the short term [2] Summary by Relevant Catalogs Futures Market - The futures closing price of the active egg contract is 2989 yuan per 500 kilograms, up 8 yuan; the net long position of the top 20 futures holders is -5033 lots, down 2340 lots; the monthly spread between September and January contracts is 128 yuan per 500 kilograms, unchanged; the futures open interest of the active contract is 141311 lots, down 16805 lots; the registered warehouse receipt volume is 101 lots, unchanged [2] 现货市场 - The spot price of eggs is 3.22 yuan per catty, down 0.03 yuan; the basis (spot - futures) is 229 yuan per 500 kilograms, down 41 yuan [2] Upstream Situation - The national laying hen inventory index is 112.35 (with 2015 as the base of 100), down 4.09; the national culled laying hen index is 96.76 (with 2015 as the base of 100), down 21.67; the average price of laying hen chicks in the main production areas is 4.25 yuan per chick, unchanged; the national new chick index is 138.68 (with 2015 as the base of 100), up 23.55; the average price of laying hen compound feed is 2.74 yuan per kilogram, unchanged; the breeding profit of laying hens is 0.05 yuan per hen, up 0.01 yuan; the average price of culled hens in the main production areas is 10.38 yuan per kilogram, up 0.28 yuan; the average age of culled hens nationwide is 510 days, down 6 days [2] Industry Situation - The average wholesale price of pork is 20.78 yuan per kilogram, down 0.09 yuan; the average wholesale price of 28 key monitored vegetables is 4.5 yuan per kilogram, down 0.02 yuan; the average wholesale price of dressed chickens is 17.34 yuan per kilogram, up 0.22 yuan; the weekly inventory in the circulation link is 1.28 days, up 0.29 days; the weekly inventory in the production link is 1.16 days, up 0.27 days; the monthly export volume of fresh eggs is 10714.73 tons, down 506.3 tons [2] Downstream Situation - The weekly consumption of eggs in the sales areas is 8996 tons, up 4 tons [2] Industry News - Today, the average price of eggs in Shandong, the main production area, is 6.36 yuan per kilogram, unchanged from yesterday; the average price of eggs in Hebei is 6.25 yuan per kilogram, down 0.20 yuan from yesterday; the average price of eggs in Guangdong is 6.83 yuan per kilogram, unchanged from yesterday; the average price of eggs in Beijing is 6.88 yuan per kilogram, down 0.30 yuan from yesterday [2]

| 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3047 | -31 期货前20名持仓:净买单量:鸡蛋(日,手) | 25 | 196 | | 期货市场 | | | | | | | | 克) 鸡蛋期货月间价差(9-1):(日,元/500千克) | 123 | -32 期货持仓量(活跃合约):鸡蛋(日,手) | 177689 | 5070 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.57 | 0.01 基差(现货-期货)(日,元/500千克) | 523 | 45 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 112.35 | -4.09 淘汰产蛋鸡指数:全国(月,2015=100) | 96.76 | -21.67 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 4.25 | 0 新增雏鸡指数:全国(月,2015=100) | 138. ...

鸡蛋产业日报 2025-04-16 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3078 | -64 期货前20名持仓:净买单量:鸡蛋(日,手) | -4401 | 4117 | | 克) | 鸡蛋期货月间价差(5-9):(日,元/500千克) | -631 | 79 期货持仓量(活跃合约):鸡蛋(日,手) | 168307 | 115159 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.45 | 0 基差(现货-期货)(日,元/500千克) | 371 | 64 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 116.44 | 2.09 淘汰产蛋鸡指数:全国(月,2015=100) | 118.43 | 1.58 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 4.25 | -0.05 新增雏鸡指数:全国(月,2015=10 ...

鸡蛋产业日报 2025-04-09 | 项目类别 | 数据指标 | 最新 | 环比 数据指标 | 最新 | 环比 | | --- | --- | --- | --- | --- | --- | | 期货市场 | 期货收盘价(活跃合约):鸡蛋(日,元/500千 | 3130 | 7 期货前20名持仓:净买单量:鸡蛋(日,手) | 4061 | 583 | | | 克) 鸡蛋期货月间价差(5-9):(日,元/500千克) | -766 | -15 期货持仓量(活跃合约):鸡蛋(日,手) | 90598 | -9236 | | | 注册仓单量:鸡蛋(日,手) | 0 | 0 | | | | 现货市场 | 鸡蛋现货价格(日,元/斤) | 3.23 | 0.08 基差(现货-期货)(日,元/500千克) | 102 | 72 | | 上游情况 | 产蛋鸡存栏指数:全国(月,2015=100) | 116.44 | 2.09 淘汰产蛋鸡指数:全国(月,2015=100) | 118.43 | 1.58 | | | 主产区平均价:蛋鸡苗(周,元/羽) | 4.3 | 0 新增雏鸡指数:全国(月,2015=100) | 11 ...