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Eggs: Egg prices have stabilized and fallen. Market trading is normal

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October 8, 2024, 5:01 PM

Egg market analysis:Today, egg prices across the country have stabilized and fell, with slight adjustments in some areas. The average price in the main producing areas today is 4.37 yuan/catty, down 0.06 yuan/catty from yesterday's price. The average price of red eggs is 4.37 yuan/catty, and the average price of pink eggs is 4.48 yuan/catty. The price difference is 0.11 yuan/catty. At present, the number of laying hens has decreased slightly month-on-month, breeding units are generally enthusiastic about soliciting chickens, and slaughtering companies purchase them on demand, which has reduced the pressure on the supply of eggs. The demand side performed generally. After the holidays, the market trading atmosphere was lukewarm. Traders and major supermarkets mainly actively cleared inventories, and sold as they were purchased in all links. Goods in the downstream market were flat, and terminals had a strong wait-and-see attitude.

Market price of eggs:

Egg predictions for future generations:From the supply perspective, the current number of newly laid laying hens is less than the theoretical number of eliminated chickens. The number of laying hens has decreased month-on-month, and the number of eliminated chickens has been average. Breeding units have chosen to eliminate them, and the pressure on the supply of eggs has been reduced. The weather will gradually cool, and the egg laying rate may pick up. It is expected that the market supply will remain relatively loose. From the perspective of demand, after the holiday, market consumer demand is average. Dealers are cautious in taking goods to avoid risks. They mainly replenish goods on demand in all links. The downstream delivery speed is slow, and inventory pressure in some areas has increased slightly. In addition, the current market has no obvious positive boost, and the market demand side is expected to perform generally. To sum up, caution in all links dominates, market transactions are tepid, and the egg market is expected to operate weakly tomorrow.

Trend of egg futures:On October 8, the opening price of the main egg futures contract 2501 on the Dalian Commodity Exchange (DCE) was 3530, the highest price was 3558, the lowest price was 3457, and the settlement was 3503, down 74. The trading volume was 191067 lots, and the position was 130036 lots.

Egg index analysis:According to calculations from the cold chain, the spot price index of eggs in China on October 8 was 4.447, down 0.126, or 2.755%.

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