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Eggs: Egg prices have stabilized and fallen, and market performance is weak

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October 9, 2024, 5:09 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 4.34 yuan/catty, down 0.03 yuan/catty from yesterday's price. The average price of red eggs is 4.34 yuan/catty, and the average price of pink eggs is 4.44 yuan/catty. The price difference is 0.10 yuan/catty. At present, the number of laying hens has decreased slightly month-on-month. Breeding units are still enthusiastic about soliciting chickens. Terminal demand is insufficient to follow up, and the pressure on egg supply has been reduced. The demand side performance is average. The terminal's early reserves have not yet been digested, and the market is in a mood of bargain-hunting. Traders mainly digest inventory, and all links are purchased and sold as they go. Goods in the downstream market are flat, and the terminal has a strong wait-and-see attitude.

Market price of eggs:

Egg predictions for future generations:From a 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. Breeding units have a bearish sentiment of elimination in the future. Slaughtering companies purchase on demand, and the pressure on the supply of eggs has eased. The superimposed weather is gradually getting cooler, and the egg production 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 general, downstream dealers are cautious in taking goods, and replenishment is mainly based on demand in each link. The terminal delivery speed is slow, and inventory pressure in some areas has increased slightly. Coupled with the fact that there is no obvious positive impact in the current market. Boosted, the market demand side is expected to perform relatively weak. To sum up, there is a strong wait-and-see attitude in all links, market transactions are tepid, and the egg market is expected to operate weakly tomorrow.

Trend of egg futures:On October 9, the opening price of the main egg futures contract 2501 on the Dalian Commodity Exchange (DCE) was 3462, the highest price was 3488, the lowest price was 3445, and the settlement was 3471, down 34. The trading volume was 113915 lots, and the position was 137625 lots.

Egg index analysis:According to calculations from the cold chain, the spot price index of eggs in China on October 9 was 4.410, down 0.037, or 0.832%.

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