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

Eggs: Egg prices are temporarily stable and wait and see market transactions are average

279
August 21, 2024, 4:11 PM

Egg market analysis:Today, egg prices across the country are temporarily stable, with slight adjustments in some areas. The average price in the main producing areas today is 4.89 yuan/catty, down 0.01 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 4.66 yuan/catty. The price difference is 0.24 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 demand side performance is average, the current egg price position is high, downstream consumers are generally enthusiastic about replenishing goods, the market is normal, terminals follow up on demand, and all links 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 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 demand side, the current terminal consumption demand is limited, downstream dealers are more cautious in taking goods, the pace of goods delivery has slowed down in some areas, inventory pressure in various links has increased slightly, operators have a strong wait-and-see attitude, at the same time, vegetable prices are on the high side, schools have opened one after another, there is certain support for the egg market demand, and the market demand side is expected to perform well. To sum up, the market circulation is average, traders are cautious in taking goods, and the egg market is expected to operate steadily tomorrow.

Trend of egg futures:On August 21, the opening price of the main egg futures contract of 2409 on the Dalian Commodity Exchange (DCE) was 3982, with the highest price of 4000, the lowest price of 3956, and the settlement of 3977, up 36, with a trading volume of 51914 lots, and 64414 lots were held.

Egg index analysis:According to calculations from the cold chain data, China's egg spot price index on August 21 was 4.732, down 0.021, or 0.442%.

image.png