蛋鸡疫苗

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银河期货鸡蛋日报-20250929
Yin He Qi Huo· 2025-09-29 11:30
大宗商品研究所 农产品研发报告 农产品日报 2025 年 09 月 29 日 研究员:刘倩楠 期货从业证号: Z0014425 联系方式: :liuqiannan_qh@chinastock. com.cn 鸡蛋日报 第一部分鸡蛋日报 | 期货市场 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 今收 | | 昨收 | 涨跌 | JD跨月价差 | 今收 | 昨收 | 涨跌 | | JD01 | 3352 | 3354 | -2 | 01-05 | -43 | -33 | -10 | | JD05 | 3395 | 3387 | 8 | 05-09 | -408 | -409 | 1 | | JD09 | 3803 | 3796 | 7 | 09-01 | 451 | 442 | 9 | | 今收 | | 昨收 | 涨跌 | | 今收 | 昨收 | 涨跌 | | 01鸡蛋/玉米 | 1.57 | 1.57 | 0.00 | 01鸡蛋/豆粕 | 1.14 | 1.14 | 0.00 | | 05鸡蛋/玉米 | 1.54 | 1 ...
银河期货鸡蛋日报-20250925
Yin He Qi Huo· 2025-09-25 11:42
大宗商品研究所 农产品研发报告 农产品日报 2025 年 09 月 25 日 研究员:刘倩楠 期货从业证号: Z0014425 联系方式: :liuqiannan_qh@chinastock. com.cn 鸡蛋日报 第一部分鸡蛋日报 | 期货市场 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 今收 | | 昨收 | 涨跌 | JD跨月价差 | 今收 | 昨收 | 涨跌 | | JD01 | 3372 | 3354 | 18 | 01-05 | -17 | -38 | 21 | | JD05 | 3389 | 3392 | -3 | 05-09 | 169 | 142 | 27 | | JD09 | 3220 | 3250 | -30 | 09-01 | -152 | -104 | -48 | | 今收 | | 昨收 | 涨跌 | | 今收 | 昨收 | 涨跌 | | 01鸡蛋/玉米 | 1.58 | 1.57 | 0.01 | 01鸡蛋/豆粕 | 1.14 | 1.14 | -0.01 | | 05鸡蛋/玉米 | 1. ...
银河期货鸡蛋日报-20250902
Yin He Qi Huo· 2025-09-02 11:39
大宗商品研究所 农产品研发报告 农产品日报 2025 年 09 月 02 日 研究员:刘倩楠 期货从业证号: Z0014425 联系方式: :liuqiannan_qh@chinastock. com.cn 鸡蛋日报 第一部分鸡蛋日报 | 期货市场 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 今收 | | 昨收 | 涨跌 | JD跨月价差 | 今收 | 昨收 | 涨跌 | | JD01 | 3384 | 3320 | 64 | 01-05 | -65 | -47 | -18 | | JD05 | 3449 | 3367 | 82 | 05-09 | 644 | 562 | 82 | | JD09 | 2805 | 2805 | 0 | 09-01 | -579 | -515 | -64 | | 今收 | | 昨收 | 涨跌 | | 今收 | 昨收 | 涨跌 | | 01鸡蛋/玉米 | 1.55 | 1.52 | 0.03 | 01鸡蛋/豆粕 | 1.11 | 1.09 | 0.02 | | 05鸡蛋/玉米 | 1.53 ...
银河期货鸡蛋日报-20250828
Yin He Qi Huo· 2025-08-28 15:26
Report Summary 1. Report Industry Investment Rating No information provided regarding the industry investment rating. 2. Core View of the Report The supply - side pressure on eggs is still significant. The in - production laying hen inventory is at a high level in the same period over the years, and the cold - stored eggs previously stocked in the market are flowing out, putting downward pressure on prices. As a result, egg prices are not rising during the peak season. Without large - scale over - culling in the short term, the bearish logic holds, and short positions can be considered [9]. 3. Summary by Relevant Catalogs 3.1 Fundamental Information - **Price**: The average price of eggs in the main production areas today is 3.01 yuan/jin, down 0.01 yuan/jin from the previous trading day, and the average price in the main sales areas is 3.31 yuan/jin, down 0.02 yuan/jin. The national mainstream price is mainly stable today, with egg prices in Beijing markets dropping by 2 yuan per box. Egg prices in Northeast Liaoning are falling, while those in Jilin and Heilongjiang are stable. In other regions, prices are mostly stable with some fluctuations [6]. - **Inventory**: In July, the national in - production laying hen inventory was 1.356 billion, an increase of 16 million from the previous month and a 6.1% year - on - year increase. Based on previous replenishment data, the estimated in - production laying hen inventories from August to November 2025 are approximately 1.356 billion, 1.36 billion, 1.358 billion, and 1.351 billion respectively [7]. - **Chick and Hen Culling**: In July, the monthly chick output of sample enterprises monitored by Zhuochuang Information (accounting for about 50% of the country) was 39.98 million, a 2% month - on - month and 4% year - on - year decrease. From August 21 - 28, the national main production area laying hen culling volume was 18.51 million, a 10% increase from the previous week. The average culling age of hens was 496 days, a 4 - day decrease from the previous week [7]. - **Sales Volume**: As of the week of August 14, the egg sales volume in the national representative sales areas was 7,605 tons, a 1% increase from the previous week [8]. - **Inventory Days**: As of the week of August 28, the average weekly inventory in the production link was 1.06 days, an increase of 0.04 days from the previous week, and the average weekly inventory in the circulation link was 1.12 days, an increase of 0.04 days from the previous week [8]. - **Profit**: As of August 14, the average weekly profit per jin of eggs was - 0.26 yuan/jin, the same as the previous week. On August 8, the expected profit of laying hen farming was 11.92 yuan/hen, a decrease of 2.02 yuan/hen from the previous week. Today, the national culled hen price has dropped, with the main production area average price at 4.64 yuan/jin, a 0.05 yuan/jin decrease from the previous trading day [8]. 3.2 Trading Logic Supply - side pressure is obvious. The in - production inventory is at a high level in the same period over the years, and the outflow of cold - stored eggs has put pressure on prices. As a result, egg prices are not rising during the peak season. Without large - scale over - culling in the short term, the bearish logic holds [9]. 3.3 Trading Strategies - **Unilateral**: Consider short positions on rallies [10]. - **Arbitrage**: Short near - month contracts before the Spring Festival and long far - month contracts after the Spring Festival [10]. - **Options**: Sell call options [10]. 3.4 Related Charts The report includes 15 charts, covering egg prices in main production and sales areas, chick prices, culled hen prices, feed costs, in - production laying hen inventory, price spreads, basis, and farming profit expectations [12][17][20]
银河期货鸡蛋日报-20250827
Yin He Qi Huo· 2025-08-27 15:07
1. Report Industry Investment Rating No information is provided in the report regarding the industry investment rating. 2. Core Viewpoint of the Report The supply - side pressure in the egg market is still significant, with the in - production inventory at a high level compared to the same period in previous years. The release of cold - stored eggs also exerts downward pressure on prices, resulting in falling egg prices during the peak season. Without large - scale and extensive over - culling in the short term, the short - selling logic holds, and investors can consider short - selling at high prices [10]. 3. Summary by Relevant Catalogs 3.1 Futures Market - **Futures Contract Prices**: JD01 closed at 3354, down 22 from the previous day; JD05 closed at 3431, down 44; JD09 closed at 2896, down 20 [3]. - **Spread Changes**: The 01 - 05 spread was - 77, up 22; the 05 - 09 spread was 535, down 24; the 09 - 01 spread was - 458, up 2 [3]. - **Ratio Changes**: The 01 egg/corn ratio was 1.55, down 0.01; the 05 egg/corn ratio was 1.53, down 0.02; the 09 egg/corn ratio was 1.30, down 0.02. The 01 egg/bean meal ratio was 1.10, up 0.01; the 05 egg/bean meal ratio was 1.21, down 0.01; the 09 egg/bean meal ratio was 0.97, up 0.01 [3]. 3.2 Spot Market - **Egg Prices**: The average price in the production areas was 3.08 yuan/jin, up 0.07 yuan/jin from the previous day; the average price in the sales areas was 3.32 yuan/jin, up 0.07 yuan/jin. Prices in most regions showed an upward trend [3][6]. - **Culled Chicken Prices**: The average price of culled chickens in the main production areas was 4.69 yuan/jin, down 0.05 yuan/jin from the previous day [3][9]. 3.3 Fundamental Information - **Inventory and Supply**: In July, the national in - production laying hen inventory was 1.356 billion, an increase of 0.016 billion from the previous month and a 6.1% year - on - year increase. The estimated in - production laying hen inventories for August, September, October, and November 2025 are 1.356 billion, 1.360 billion, 1.358 billion, and 1.351 billion respectively [7]. - **Chick Hatch and Culling**: In July, the monthly chick hatch of sample enterprises was 39.98 million, a 2% month - on - month and 4% year - on - year decrease. In the week of August 14, the culling volume of laying hens in the main production areas was 14.42 million, a 5% increase from the previous week, and the average culling age was 506 days, unchanged from the previous week [7]. - **Sales and Inventory**: As of the week of August 14, the egg sales volume in representative sales areas was 7605 tons, a 1% increase from the previous week. As of the week of August 7, the average inventory in the production link was 0.92 days, a decrease of 0.17 days from the previous week, and the average inventory in the circulation link was 1.03 days, a decrease of 0.2 days from the previous week [8]. - **Profit Situation**: As of August 14, the weekly average profit per jin of eggs was - 0.26 yuan/jin, unchanged from the previous week. On August 8, the expected profit per laying hen was 11.92 yuan/feather, a decrease of 2.02 yuan/jin from the previous week [8]. 3.4 Trading Strategy - **Single - sided Trading**: Consider short - selling at high prices [11]. - **Arbitrage Trading**: Short the near - month contracts before the Spring Festival and long the far - month contracts after the Spring Festival [11]. - **Options Trading**: Sell call options [11].
银河期货鸡蛋日报-20250826
Yin He Qi Huo· 2025-08-26 12:53
Group 1: Report Overview - Report Title: "Eggs Daily Report" [2] - Report Date: August 26, 2025 [2] - Researcher: Liu Qiannan [2] Group 2: Market Data Futures Market - JD01 closed at 3376, down 7 from the previous day; JD05 closed at 3475, down 7; JD09 closed at 2916, down 35 [3] - 01-05 spread remained unchanged at -99; 05-09 spread increased by 28 to 559; 09-01 spread decreased by 28 to -460 [3] - 01 egg/corn ratio decreased by 0.01 to 1.56; 01 egg/soybean meal ratio increased by 0.01 to 1.10 [3] Spot Market - The average price of eggs in the main production areas was 3.01 yuan/jin, up 0.04 yuan/jin from the previous day; the average price in the main sales areas was 3.25 yuan/jin, up 0.04 yuan/jin [3][6] - The average price of culled chickens was 4.74 yuan/jin, up 0.02 yuan/jin from the previous day [3][9] Profit Calculation - The profit per chicken was 3.41 yuan, up 1.77 yuan from the previous day [3] - The average price of culled chickens was 4.74 yuan/jin, up 0.02 yuan/jin; the average price of chicks was 3.21 yuan/feather, up 0.04 yuan/feather [3] Group 3: Fundamental Information - The national mainstream egg prices were mixed today. Beijing's egg prices increased by 5 yuan per box. Egg prices in Northeast China and some other regions increased, while those in Shandong, Henan, and other regions were mostly stable [6] - In July, the national laying hen inventory was 1.356 billion, an increase of 0.016 billion from the previous month and a year-on-year increase of 6.1%. The monthly chick output of sample enterprises in July was 39.98 million, a month-on-month decrease of 2% and a year-on-year decrease of 4% [7] - From August to November 2025, the estimated laying hen inventories are 1.356 billion, 1.36 billion, 1.358 billion, and 1.351 billion respectively [7] - From August 11 - 14, the national main production area culled chicken slaughter volume was 14.42 million, a 5% increase from the previous week. The average culling age was 506 days, unchanged from the previous week [7] - As of August 11 - 14, the egg sales volume in the representative sales areas was 7605 tons, a 1% increase from the previous week [8] - As of August 4 - 7, the average weekly inventory in the production link was 0.92 days, a decrease of 0.17 days from the previous week; the average weekly inventory in the circulation link was 1.03 days, a decrease of 0.2 days from the previous week [8] - As of August 11 - 14, the average weekly profit per jin of eggs was -0.26 yuan/jin, unchanged from the previous week. On August 8, the expected profit of laying hen farming was 11.92 yuan/feather, a decrease of 2.02 yuan/feather from the previous week [8] Group 4: Trading Logic - The supply - side pressure is still obvious. The laying hen inventory is at a high level in the same period over the years. The outflow of cold - storage eggs has put pressure on prices. The egg prices in the peak season have not increased but decreased. Without large - scale over - culling, the short - selling logic holds [10] Group 5: Trading Strategies - Unilateral: Consider shorting at high prices [11] - Arbitrage: Short near - month contracts before the Spring Festival and long far - month contracts after the Spring Festival [11] - Options: Sell call options [11]
银河期货鸡蛋日报-20250825
Yin He Qi Huo· 2025-08-25 14:57
Report Summary 1. Report Industry Investment Rating No information provided in the document. 2. Core View of the Report The supply - side pressure in the egg market is significant. With the in - production egg - laying hen inventory at a high level in the same period over the years and the outflow of cold - stored eggs, the egg price has not risen during the peak season. Without large - scale over - culling in the short term, the bearish logic holds, and short - selling strategies can be considered [10]. 3. Summary by Relevant Catalogs 3.1 Futures Market - **Futures Contract Prices**: JD01 closed at 3383, down 51 from the previous day; JD05 closed at 3482, down 30; JD09 closed at 2951, up 31 [3]. - **Cross - month Spreads**: The 01 - 05 spread was - 99, down 21; the 05 - 09 spread was 531, down 61; the 09 - 01 spread was - 432, up 82 [3]. - **Ratio of Egg to Feed**: The 01 egg/corn ratio was 1.57, down 0.01; the 05 egg/corn ratio was 1.56, down 0.01; the 09 egg/corn ratio was 1.34, up 0.02. The 01 egg/bean meal ratio was 1.09, down 0.03; the 05 egg/bean meal ratio was 1.22, down 0.02; the 09 egg/bean meal ratio was 0.96, unchanged [3]. 3.2 Spot Market - **Egg Prices**: The average price in the main production areas was 2.97 yuan/jin, unchanged from the previous day; the average price in the main sales areas was 3.21 yuan/jin, down 0.07 yuan/jin [3][6]. - **Eliminated Chicken Prices**: The average price of eliminated chickens was 4.72 yuan/jin, up 0.09 yuan/jin [3][9]. 3.3 Profit Calculation - **Costs**: The average price of corn was 2371 yuan/ton, down 2 yuan; the average price of bean meal was 3102 yuan/ton, unchanged; the price of egg - laying hen compound feed was 2.59 yuan/jin, unchanged [3]. - **Profits**: The profit per feather of egg - laying hens was 1.77 yuan, up 0.29 yuan from the previous day [3]. 3.4 Fundamental Information - **Egg Price Trends**: The national mainstream egg prices were temporarily stable, with prices in most regions remaining unchanged and some showing minor fluctuations. Egg prices continued to fluctuate and consolidate, with normal sales [6]. - **In - production Egg - laying Hen Inventory**: In July, the national in - production egg - laying hen inventory was 1.356 billion, an increase of 0.016 billion from the previous month and a 6.1% year - on - year increase. The estimated inventory in August, September, October, and November 2025 is 1.356 billion, 1.360 billion, 1.358 billion, and 1.351 billion respectively [7]. - **Egg - laying Hen Chick Output**: In July, the monthly output of egg - laying hen chicks in sample enterprises was 39.98 million, a 2% month - on - month decrease and a 4% year - on - year decrease [7]. - **Egg - laying Hen Culling**: In the week of August 14, the culling volume of egg - laying hens in the main production areas was 14.42 million, a 5% increase from the previous week. The average culling age was 506 days, unchanged from the previous week [7]. - **Egg Sales Volume**: As of the week of August 14, the egg sales volume in the main sales areas was 7605 tons, a 1% increase from the previous week [8]. - **Inventory**: As of the week of August 7, the average weekly inventory in the production link was 0.92 days, a decrease of 0.17 days from the previous week; the average weekly inventory in the circulation link was 1.03 days, a decrease of 0.2 days from the previous week [8]. - **Profit**: As of August 14, the average weekly profit per jin of eggs was - 0.26 yuan/jin, unchanged from the previous week; on August 8, the expected profit of egg - laying hen farming was 11.92 yuan/feather, a decrease of 2.02 yuan/jin from the previous week [8]. 3.5 Trading Logic The supply - side pressure is significant, and the in - production inventory is at a high level in the same period over the years. The outflow of cold - stored eggs has put pressure on prices, resulting in falling egg prices during the peak season. Without large - scale over - culling in the short term, the bearish logic holds [10]. 3.6 Trading Strategies - **Single - side Trading**: Consider short - selling at high prices [11]. - **Arbitrage**: Short the near - month contracts before the Spring Festival and long the far - month contracts after the Spring Festival [11]. - **Options**: Sell call options [11].
银河期货鸡蛋日报-20250821
Yin He Qi Huo· 2025-08-21 13:48
Group 1: Report Overview - The report is an egg daily report on August 21, 2025, by researcher Liu Qiannan [2] Group 2: Market Data Futures Market - JD01 closed at 3437, down 53 from the previous day; JD05 closed at 3506, up 48; JD09 closed at 2879, down 121 [3] - The 01 - 05 spread was -69, down 101; the 05 - 09 spread was 627, up 169; the 09 - 01 spread was -558, down 68 [3] - The 01 egg/corn ratio was 1.59, down 0.02; the 05 egg/corn ratio was 1.56, up 0.02; the 09 egg/corn ratio was 1.30, down 0.04 [3] - The 01 egg/bean meal ratio was 1.10, unchanged; the 05 egg/bean meal ratio was 1.23, up 0.02; the 09 egg/bean meal ratio was 0.94, down 0.02 [3] Spot Market - The main producing area average price was 3.04 yuan/jin, down 0.04; the main selling area average price was 3.39 yuan/jin, unchanged [3][6] - The average price of culled chickens was 4.64 yuan/jin, down 0.25 [3][8] Profit Calculation - The profit per bird was 3.82 yuan, down 2.50 from the previous day [3] - The average price of culled chickens was 4.64 yuan/jin, down 0.25; the average price of chicken chicks was 3.21 yuan, up 0.04; the price of egg - laying hen vaccines was 3 yuan, unchanged [3] - The average price of corn was 2382 yuan, down 3; the average price of bean meal was 3124 yuan, unchanged; the price of egg - laying hen compound feed was 2.60 yuan, unchanged [3] Group 3: Fundamental Information - The national mainstream egg price remained stable today, with some regions showing price stability and others slight fluctuations [6] - In July, the national laying hen inventory was 1.356 billion, an increase of 0.016 billion from the previous month and a 6.1% year - on - year increase [7] - In July, the monthly chick output of sample enterprises was 39.98 million, a 2% month - on - month decrease and a 4% year - on - year decrease [7] - From August to November 2025, the estimated laying hen inventory is 1.356 billion, 1.360 billion, 1.358 billion, and 1.351 billion respectively [7] - From August 14, the national main producing area culled chicken slaughter volume was 14.42 million, a 5% increase from the previous week [7] - The average culling age of culled chickens was 506 days, unchanged from the previous week [7] - As of August 14, the egg sales volume in representative selling areas was 7605 tons, a 1% increase from the previous week [8] - As of August 7, the average weekly inventory in the production link was 0.92 days, a decrease of 0.17 days; the average weekly inventory in the circulation link was 1.03 days, a decrease of 0.2 days [8] - As of August 14, the weekly average profit per jin of eggs was - 0.26 yuan/jin, unchanged from the previous week; on August 8, the expected profit of egg - laying hen farming was 11.92 yuan/bird, a decrease of 2.02 yuan/jin from the previous week [8] Group 4: Trading Logic - The supply - side pressure is still obvious, with the laying hen inventory at a high level in the same period over the years, and the cold - stored eggs stored in the market are flowing out, putting pressure on the market price. The short - term bearish logic holds without large - scale over - culling [9] Group 5: Trading Strategies - Unilateral: Consider shorting at high prices [10] - Arbitrage: Short near - month contracts before the Spring Festival and long far - month contracts after the Spring Festival [10] - Options: Sell call options [10]
银河期货鸡蛋日报-20250820
Yin He Qi Huo· 2025-08-20 12:20
Group 1: Report Investment Rating - No information provided Group 2: Core Viewpoints - Supply - side pressure is significant and demand is average, causing price declines. Cold - storage eggs are hitting the market after a previous price rebound, and the current spot price increase is below expectations. It is advisable to short the 10 and 11 contracts on price rallies [10] Group 3: Summary by Directory 1. Fundamental Information - Today, the average price in the main production areas is 3.08 yuan/jin, down 0.03 yuan/jin from the previous trading day, and the average price in the main sales areas is 3.39 yuan/jin, also down 0.03 yuan/jin. The national mainstream price is currently stable [6] - In July, the national in - lay hen inventory was 1.356 billion, up 0.016 billion from the previous month and 6.1% year - on - year. The monthly hatch of layer chicks in sample enterprises was 39.98 million, down 2% month - on - month and 4% year - on - year. The estimated in - lay hen inventory from August to November 2025 is 1.356 billion, 1.36 billion, 1.358 billion, and 1.351 billion respectively [7] - From August 14th, the weekly slaughter volume of layer hens in the main production areas was 14.42 million, up 5% from the previous week. The average slaughter age was 506 days, unchanged from the previous week [7] - As of August 14th, the weekly egg sales volume in representative sales areas was 7,605 tons, up 1% from the previous week [8] - As of August 7th, the average weekly inventory in the production link was 0.92 days, down 0.17 days from the previous week, and in the circulation link was 1.03 days, down 0.2 days [8] - As of August 14th, the average weekly profit per jin of eggs was - 0.26 yuan/jin, unchanged from the previous week. On August 8th, the expected profit per layer was 11.92 yuan/feather, down 2.02 yuan/jin from the previous week [8] - Today, the national price of culled hens dropped, with the average price in the main production areas at 4.89 yuan/jin, down 0.25 yuan/jin from the previous trading day [9] 2. Trading Logic - Supply - side pressure and average demand lead to price drops. The release of cold - storage eggs after a price rebound impacts prices. The current spot price increase is disappointing, so it's recommended to short the 10 and 11 contracts on price rallies [10] 3. Trading Strategies - Unilateral: Consider shorting on price rallies [11] - Arbitrage: Stay on the sidelines [11] - Options: Sell out - of - the - money call options [11]
银河期货鸡蛋日报-20250819
Yin He Qi Huo· 2025-08-19 12:37
Group 1: Report Overview - Report Title: Agricultural Products Daily Report - Egg Report [2] - Date: August 19, 2025 [2] - Researcher: Liu Qiannan [2] Group 2: Market Data Futures Market - JD01 closed at 3468, down 24 from the previous day; JD05 closed at 3450, down 18; JD09 closed at 2983, down 115 [3] - 01 - 05 spread closed at 18, down 6; 05 - 09 spread closed at 467, up 97; 09 - 01 spread closed at -485, down 91 [3] - 01 egg/corn ratio was 1.60, unchanged; 01 egg/bean meal ratio was 1.10, down 0.01 [3] Spot Market - The average price in the main production areas was 3.11 yuan/jin, up 0.01 yuan/jin; the average price in the main sales areas was 3.43 yuan/jin, unchanged [3] - The average price of eliminated chickens was 5.15 yuan/jin, unchanged [3] Profit Calculation - The profit per chicken was 8.54 yuan, up 0.45 yuan from the previous day [3] - The average price of corn was 2391 yuan/ton, down 3 yuan; the average price of bean meal was 3114 yuan/ton, unchanged [3] Group 3: Fundamental Information - The average price in the main production areas was 3.1 yuan/jin, up 0.01 yuan/jin; the average price in the main sales areas was 3.43 yuan/jin, unchanged. The national mainstream price remained stable [6] - In July, the national laying - hen inventory was 1.356 billion, an increase of 0.016 billion from the previous month and a 6.1% year - on - year increase. The monthly output of chicken seedlings in July was 39.98 million, a 2% month - on - month decrease and a 4% year - on - year decrease [7] - From August to November 2025, the estimated laying - hen inventory was 1.356 billion, 1.36 billion, 1.358 billion, and 1.351 billion respectively [7] - From August 8 to 14, the national main production area's egg - laying hen elimination volume was 14.42 million, a 5% increase from the previous week. The average elimination age was 506 days, unchanged [7] - As of August 14, the egg sales volume in the representative sales areas was 7605 tons, a 1% increase from the previous week [8] - As of August 7, the average inventory in the production link was 0.92 days, a decrease of 0.17 days; the average inventory in the circulation link was 1.03 days, a decrease of 0.2 days [8] - As of August 14, the average weekly profit per jin of eggs was - 0.26 yuan/jin, unchanged; on August 8, the expected profit of egg - laying hen breeding was 11.92 yuan/chicken, a decrease of 2.02 yuan/jin from the previous week [8] - The national price of eliminated chickens decreased, with the main production area's average price at 5.15 yuan/jin, a decrease of 0.02 yuan/jin from the previous trading day [8] Group 4: Trading Logic - The supply pressure is obvious and the demand is average, leading to price decline. After the previous rebound of egg prices, cold - storage eggs were gradually released, impacting the price. Although the spot price has risen, it is lower than expected. Short positions should be considered for the 10 and 11 contracts [9] Group 5: Trading Strategies - Single - side: Consider short positions on rallies [10] - Arbitrage: Wait and see [10] - Options: Sell out - of - the - money call options [10] Group 6: Related Charts - The report includes 15 charts, covering egg prices in main production and sales areas, chicken - seedling prices, eliminated - chicken prices, feed costs, laying - hen inventory, spreads, and breeding profits [12][16][20][22][27][29][38][40]