< img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=2433975083660159&ev=PageView&noscript=1" />

Eggs: Egg prices are stable and market trading is normal

227
September 18, 2024, 4:26 PM

Egg market analysis:Today, egg prices across the country are operating steadily, with slight adjustments in some areas. The average price in the main producing areas today is 4.94 yuan/catty, which is 0.01 yuan/catty higher than yesterday's price. The average price of red eggs is 4.94 yuan/catty, and the average price of pink eggs is 4.90 yuan/catty. The price difference is 0.04 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. Currently, goods in the market are slowing down. After the holiday, the demand for over-replenishment from traders and major merchants has declined. All links are purchased and sold as they are. Trading in the downstream market is normal, and terminals have 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 demand side, although there is a certain demand for replenishment in the downstream market after the holiday, the boost is limited. The mood of terminal purchase is still relatively cautious. Purchase and sales in all links are taking advantage of the trend, and replenishment is mainly based on demand. Combined with the slight increase in inventory pressure in some areas, the wait-and-see attitude of industry operators is heating up, and the market demand side is expected to perform generally. To sum up, trading in all links is normal, and downstream is following up on demand. It is expected that the egg market will operate steadily tomorrow.

Trend of egg futures:On September 18, the opening price of the main egg futures contract of 2501 on the Dalian Commodity Exchange (DCE) was 3550, the highest price was 3567, the lowest price was 3521, and the settlement was 3546, up 7. The trading volume was 98034 lots, and 115843 lots were held.

Egg index analysis:According to calculations from the cold chain data, China's egg spot price index on September 18 was 4.912, down 0.275, or 5.302%.

image.png