Eggs: Egg prices are weak and the market is generally good

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September 14, 2024, 4:35 PM

Egg market analysis:Today, egg prices across the country are operating weakly, with slight adjustments in some areas. The average price in the main producing areas today is 5.25 yuan/catty, which is 0.06 yuan/catty higher than yesterday's price. The average price of red eggs is 5.25 yuan/catty, and the average price of pink eggs is 5.16 yuan/catty. The price difference is 0.09 yuan/catty. At present, the number of laying hens continues to increase slightly month-on-month, and the price of taoji is higher. Most breeding units take the opportunity to eliminate day-old chickens, and the supply of eggs remains loose. The performance on the demand side is average. At present, high-priced transactions in the market are blocked. Traders and major merchants are cautious in purchasing goods and selling goods at all times. The downstream shipment speed is slightly slower, and the terminal has a strong wait-and-see attitude.

Market price of eggs:

Egg market outlook forecast:From a supply perspective, the current number of newly laid laying hens is still greater than the theoretical number of eliminated chickens. There is still an expectation of an increase in the number of eliminated chickens. The number of eliminated chickens is average, breeding units are eliminated, downstream slaughtering and purchasing enthusiasm is average, and egg supply is relatively sufficient, and the market supply is expected to remain relatively loose. From the perspective of demand, the current egg price position is on the high side, the terminal market has an increasing fear of heights, and downstream dealers have a general mood to pick up goods. The trade link follows the trend of purchase and sales, and the main focus is on replenishing goods on demand. As the Mid-Autumn Festival is approaching, the terminal has a certain demand for stocking, and the industry still has a strong sentiment towards price, and it is expected that the market demand side will perform generally. To sum up, the delivery of goods in all links is slowing down, and the downstream will follow up on demand. It is expected that the egg market will operate weakly tomorrow.

Trend of egg futures:The market is closed today.

Egg index analysis:According to calculations from the cold chain, China's egg spot price index on September 14 was 5.187, up 0.060, or 1.144%.

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