投资咨询业务资格 证监发【2014】217号 天气压制现货反弹，盘面重回区间震荡 ——鸡蛋周报2025-06-23 作 者：刘四奎 执业证书编号：F3033884 交易咨询编号：Z0011291 联 系 方 式：0371-58620082 分析师微信 公司官方微信 期货回顾 2440 3589 3172 3189 3312 2953 2701 2936 3618 3662 3382 3420 3553 2300 2500 2700 2900 3100 3300 3500 3700 3900 鸡蛋期现货市场分布（元/500kg） -1149 -732 -749 -872 -513 -261 -496 -1178 -1222 -942 -980 -1113 -1400 -1200 -1000 -800 -600 -400 -200 0 基差 基差 • 期货： 鸡蛋期货上周整体表现强劲，突破上涨 为主，继续升水现货，现货企稳上涨带来 的情绪远远大于实际的支撑。后续现货依 旧受制于天气和阶段供需压力，但是期货 开始开启了周期转换，阶段性的筑底成功。 2300 2500 2700 2900 3100 3300 3500 ...

Core Viewpoint - The main trend in egg futures is a downward movement, with the primary contract experiencing a decline of 1.14% to 2853.00 yuan, indicating ongoing pressure on egg prices due to high supply and cautious demand [1] Group 1: Market Analysis - Jiangsu Futures indicates that short-term production capacity has not been cleared, leading to pressure on egg prices. Despite potential support from increased downstream purchasing as the Dragon Boat Festival approaches, high supply levels and adverse weather conditions in southern regions are likely to limit demand [2] - Ruida Futures notes that the overall decline in egg prices is slowing, with strong corn prices providing cost support. However, high levels of egg-laying hen stocks and substantial new production pressure may restrict price increases, leading to a cautious market outlook [3] - Southwest Futures suggests that while supply may continue to increase year-on-year, pre-festival stocking could provide some support. The firm recommends considering short-selling after potential price rebounds [4]