Eggs: More Supply, Fewer Buyers(Oct 12)
Eggs: More Supply, Fewer Buyers
Egg Market Analysis
From the supply side, as temperatures decline, layer hen egg production rates are gradually recovering, combined with the continued release of previously restocked capacity, supply is steadily increasing.
From the demand side, post-holiday off-season consumption characteristics are prominent, terminal demand is flat, market sales velocity is slowing, and production area inventories are accumulating slightly.
Overall, off-season characteristics persist on the demand side, with cautious procurement across all channels and slowing sales velocity. On the supply side, egg production rates are recovering and supply is steadily increasing. The supply-demand relationship is trending loose, with slight inventory accumulation in production areas suppressing egg price performance. Egg prices are expected to remain in a weak adjustment pattern, with production area prices declining.
Egg Market Price
Egg Market Outlook
Egg Futures Trend
On October 12, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,630, with a high of 3,650, a low of 3,567, and a settlement price of 3,607, down 105/2.86%. Trading volume was 301,572 lots, with open interest of 295,395 lots.
Egg Index Analysis
According to calculations by Lenglianduoduo, the domestic egg spot price index on October 12 was 4.048, down 0.12 from the previous working day.
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