Eggs: Off-Season Drag, Egg Supply-Demand Contradiction Remains Large(Oct 21)

Eggs: Off-Season Drag, Egg Supply-Demand Contradiction Remains Large

Egg Market Analysis

Egg Market Price

Egg Market Outlook

From 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. Combined with a slower pace of old hen culling, newly added production capacity is gradually improving.

From the demand side, after National Day stockpiling ended, procurement demand from food factories, tourism and catering, and households declined simultaneously, and the market entered the traditional off-season. Prices in sales regions followed suit with weakness, and terminal procurement is mostly on a "buy-as-needed" basis, with weak willingness to stockpile.

Overall, the egg market is currently in a "increasing supply, weak demand" pattern. On the supply side, newly added production capacity is successively entering peak laying, supply continues to expand, and market goods are relatively abundant. On the demand side, the market is in a seasonal off-season, with no highlights in terminal consumption, and inventory destocking across various links has not yet been completed. The supply-demand contradiction is difficult to resolve in the short term, egg prices lack momentum for sustained upward movement, and the overall trend remains weakly stable.

Egg Futures Trend

On October 21, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,212, with a high of 3,289, low of 3,212, settlement price of 3,250, up 16/0.49%. Trading volume was 595,704 lots, and open interest was 277,400 lots.

Egg Index Analysis

According to Lenglian Duoduo data calculations, the domestic egg spot price index on October 21 was 3.83, up 0.05 compared to the previous working day.