Report Summary 1) Report Industry Investment Rating - No information provided about the industry investment rating. 2) Report's Core View - The egg market is experiencing a situation where the peak season is not prosperous [1]. 3) Summary by Relevant Catalogs Fundamental Tracking - **Futures Data**: The closing price of egg2510 is 2,949 yuan/500 kilograms, with a daily decline of 1.80%, a trading volume change of -21,136, and an open interest change of -9,742. The closing price of egg2601 is 3,362 yuan/500 kilograms, with a daily decline of 0.56%, a trading volume change of -9,578, and an open interest change of -569 [1]. - **Spread Data**: The egg 10 - 12 spread is -242, and the egg 10 - 1 spread is -413, showing a decrease compared to the previous day [1]. - **Spot Price Data**: The spot prices of eggs in Liaoning, Hebei, Shanxi, and Hubei are 3.50 yuan/jin, 3.38 yuan/jin, 3.45 yuan/jin, and 3.96 yuan/jin respectively, remaining unchanged from the previous day. The corn spot price is 2,300 yuan/ton, a decrease from the previous day's 2,317 yuan/ton. The soybean meal spot price is 2,920 yuan/ton, a decrease from the previous day's 2,950 yuan/ton. The pig price in Henan is 12.68 yuan/kg, a slight decrease from the previous day's 12.73 yuan/kg [1]. Trend Intensity - The trend intensity is 0, indicating a neutral view. The range of trend intensity is from -2 to 2, with -2 being the most bearish and 2 being the most bullish [1].