Egg: Prices Hot and Cold in Different Regions(Oct 13)

Egg: Prices Hot and Cold in Different Regions

Egg Market Analysis

Supply Side

As temperatures decline, laying hen egg production rates are gradually recovering. Supply in major production areas is sufficient, farmers generally delay culling of old hens, large-size egg inventory remains high, production area inventory continues to accumulate, and supply pressure is gradually emerging.

Demand Side

Post-holiday consumption remains in the off-season. Food factories and traders show limited willingness to proactively restock, terminal demand is subdued, and overall goods movement is sluggish.

Market Outlook

Overall, the supply side has sufficient goods and accumulating inventory, while the demand side continues in the off-season with sluggish goods movement. Locally, improved sales of low-priced brown eggs provide some market support, but this is insufficient to reverse the overall weak pattern. Egg prices are expected to remain mostly stable to weak with range-bound adjustments. Some regions may see minor rebounds, but sustainability will be limited.

Egg Market Price

Egg Futures Trend

On October 13, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,585, with a high of 3,595, a low of 3,535, and a settlement price of 3,562, down 35/0.97%. Trading volume was 320,719 lots, and open interest was 299,014 lots.

Egg Price Index Analysis

According to Lenglianduoduo data calculations, the domestic egg spot price index on October 13 was 4.023, down 0.025 from the previous working day.