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

Eggs: Egg prices are strong and the market is improving

1
August 23, 2024, 5:16 PM

Egg market analysis:Today, egg prices across the country are operating strongly, with slight adjustments in some areas. The average price in the main producing areas today is 4.98 yuan/catty, which is 0.10 yuan/catty higher than yesterday's price. The average price of red eggs is 5.00 yuan/catty, and the average price of pink eggs is 4.72 yuan/catty. The price difference is 0.28 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 still good. The current egg price is affected by the opening of schools. The enthusiasm of downstream dealers to replenish goods has increased. The market shipments have improved. The terminals are following up on demand, and the sentiment of pushing up in all links has warmed up.

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 trading atmosphere has improved, traders have a preference for taking goods, and there is not much inventory pressure in various links. Coupled with the opening of schools one after another, and the arrival of the Mid-Autumn Festival in the later period, there is a certain demand for goods downstream, and terminal bullish sentiment is heating up., it is expected that the market demand side will show preference. To sum up, the market is still good, and inventory pressure in some areas has eased. It is expected that the egg market will operate strongly tomorrow.

Trend of egg futures:On August 23, the opening price of the main egg futures contract of 2410 on the Dalian Commodity Exchange (DCE) was 3589, the highest price was 3650, the lowest price was 3572, and the settlement was 3619, up 4. The trading volume was 128437 lots, and the position was 89261 lots.

Egg index analysis:According to calculations from the cold chain, China's egg spot price index on August 23 was 4.804, up 0.072, or 1.522%.

image.png