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Eggs: Egg prices have stabilized and fallen, and the pace of market sales has slowed down

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August 20, 2024, 4:30 PM

Egg market analysis:Today, egg prices across the country have stabilized and fallen, with slight adjustments in some areas. The average price in the main producing areas today is 4.89 yuan/catty, down 0.06 yuan/catty from yesterday's price. The average price of red eggs is 4.90 yuan/catty, and the average price of pink eggs is 4.69 yuan/catty. The price difference is 0.21 yuan/catty. At present, the number of laying hens continues to increase slightly month-on-month. Breeding units are more enthusiastic about soliciting chickens, slaughtering companies purchase less, and egg supply remains loose. The performance on the demand side is average. The current high egg prices have dropped, downstream consumers are generally enthusiastic about replenishing goods, the pace of market goods has slowed down, inventory pressure in some areas has increased slightly, and there is a strong wait-and-see attitude in all links.

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 laying hens. The number of eliminated chickens has increased slightly. Breeding units have eliminated them, and downstream slaughtering companies have purchased them at lower prices. The supply of eggs is relatively sufficient, and the market supply is expected to remain relatively loose. From the perspective of demand, the current market consumer demand is average, downstream dealers are more cautious in taking goods, the pace of goods delivery in some areas has slowed down, inventory pressure in various links has increased, operators have a strong wait-and-see attitude, and at the same time, vegetable prices are on the high side, which has a certain impact on the egg market. Demand is expected to perform generally. To sum up, market circulation is slowing down and traders are cautious in getting goods. It is expected that the egg market will temporarily operate steadily tomorrow.

Trend of egg futures:On August 20, the opening price of the main egg futures contract 2409 on the Dalian Commodity Exchange (DCE) was 3940, the highest price was 3980, the lowest price was 3936, and the settlement was 3958, up 14. The trading volume was 67441 lots, and the position was 74585 lots.

Egg index analysis:According to calculations from multiple cold chain data, the domestic egg spot price index on August 20 was 4.753, down 0.032, or 0.669%.

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