Eggs: Bottom-Fishing Sentiment Rises, Can Egg Prices Stabilize?(Oct 20)
Eggs: Bottom-Fishing Sentiment Rises, Can Egg Prices Stabilize?
Egg Market Analysis
Egg Market Price
Egg Market Outlook
On the supply side, as temperatures drop after autumn begins, laying hens' egg production rates recover from the summer lull, and daily egg output increases month-on-month.
On the demand side, after National Day stocking ended, procurement demand from food factories, tourism and catering, and households declined simultaneously, and the market entered the traditional off-season.
Overall, short-term egg prices may enter a bottoming and stabilizing phase. However, supply pressure persists and demand support is limited, so the momentum for a rebound remains insufficient. Going forward, attention should be paid to whether bottom-fishing sentiment can sustain and whether sales volume improves.
Egg Futures Trend
On October 20, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,308, with a high of 3,312, a low of 3,175, and a settlement price of 3,241, down 88 points or 2.68%. Trading volume was 546,954 lots, and open interest was 280,058 lots.
Egg Price Index Analysis
According to Cold Chain TDD data calculations, the domestic egg spot price index on October 20 was 3.78, down 0.014 compared to the previous working day.
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