Eggs: Restocking Wraps Up, Supply Pressure Emerges（Nov 9）

November 9, 2026

LLDD-global

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Guide

Highlights at a glance

The egg market is seeing weak prices as supply pressure builds following the conclusion of Double Eleven and Winter Clothing Festival restocking. With the holiday demand pull effect fading, movement of goods has slowed and demand lacks new positive drivers. On the supply side, seasonal recovery in egg production rates coupled with new layer entries have led to ample supply. Farmers are reluctant to sell at low prices, while acceptance of high prices remains limited in downstream markets. On the demand side, e-commerce, supermarket, and food service terminals show weak incremental activity. Egg prices are projected to remain stable with limited short-term fluctuations as opportunities for significant changes on both the supply and demand ends appear constrained.

Eggs: Restocking Wraps Up, Supply Pressure Emerges

Egg Market Analysis

Today, egg quotes in major production areas trended weak. The average red egg price was 4.21 yuan/jin, and the average pink egg price was 4.20 yuan/jin, with a red-pink price spread of 0.01. The average price in major production areas was 4.21 yuan/jin, down 0.08 from the previous trading day. Restocking for Double Eleven and the Winter Clothing Festival has gradually concluded, and the holiday demand pull effect has faded. Market supply pressure is gradually emerging, and the pace of goods movement has slowed. Today's overall market was predominantly weak, with the demand side lacking new positive support. Prices are under pressure in the short term.

Egg Market Price

Egg Market Outlook

From the supply side, as temperatures decline, egg production rates have seasonally recovered. Egg prices have continued to rise, improving profitability for layer farming. Farmers are increasingly reluctant to sell at low prices, preferring to hold for higher quotes. Meanwhile, live poultry and frozen product sales at downstream agricultural markets have been mediocre. Slaughter enterprises have limited acceptance of high prices and still intend to press prices down, restraining upward movement of old hen prices.

From the demand side, Double Eleven e-commerce restocking has entered its final phase, and the pace of procurement has slowed compared with earlier periods. Supermarkets and food service terminals continue to lack incremental demand, with weak restocking willingness. Goods movement varies across markets, with some regions performing acceptably while others remain sluggish. Overall, the demand side lacks clear positive drivers.

Overall, on the supply side, seasonal recovery in egg production rates and successive new layer entries mean the ample supply pattern remains unchanged. On the demand side, Double Eleven restocking is winding down, supermarkets and food service lack incremental demand, and goods movement is divergent. In summary, with no clear drivers from either supply or demand, egg prices are likely to maintain stable, narrow adjustments in the short term, with limited room for both upside and downside.

Egg Futures Trend

On November 9, the main contract 2612 of egg futures on the Dalian Commodity Exchange (DCE) opened at 3,461, with a high of 3,509, low of 3,405, and settlement price of 3,451, down 21/0.61%. Trading volume was 499,960 lots, with open interest of 188,921 lots.

Egg Index Analysis

According to Cold Chain DuoDuo data calculations, the domestic egg spot price index on November 9 was 4.203, down 0.1 from the previous working day.