Eggs: Supply and Demand Loosen, Putting Heavy Pressure on Egg Prices

Eggs Market Analysis: Today, quotes across the major egg-producing areas were mixed. The average price of brown-shelled eggs was CNY 3.89/jin and pink-shelled eggs CNY 4.08/jin, leaving a brown-pink spread of CNY 0.19. The average price in the main producing areas was CNY 3.92/jin, up CNY 0.01 from the previous trading day. Supply at origin remained plentiful: old hens continue to be held back beyond the normal culling age, stocks of large-size eggs stay elevated and inventories keep building. In the post-holiday off-season, food processors and traders are unwilling to restock, underlying retail demand is only average and sales turnover is slow, so egg prices are trading weakly.

Eggs Market Prices:

Eggs Market Outlook:

On the supply side, as temperatures fall, laying rates of laying hens are gradually recovering. After the pullback in egg prices, farming margins have narrowed, while farmers' willingness to cull has returned to a normal level, keeping the supply of old hens stable.

On the demand side, the post-holiday consumption off-season persists. Food processors and traders show little appetite for proactive restocking, end-user demand remains flat, and overall turnover is sluggish.

Overall, egg supply shows no obvious contraction and availability stays relatively ample, while downstream buying enthusiasm is unlikely to pick up, restocking momentum is insufficient and the market as a whole lacks positive catalysts. With no incremental driver on either the supply or the demand side, the egg market is expected to hold steady and stay in a wait-and-see mode tomorrow, with prices largely stable and no clear direction.

Eggs Futures Trend: On October 14, the Dalian Commodity Exchange (DCE) benchmark eggs futures contract JD2612 opened at 3,572, traded to a high of 3,575 and a low of 3,410, and settled at 3,474, down 136 points or 3.82%. Volume totalled 480,356 lots and open interest stood at 296,847 lots.

Eggs Index Analysis: According to the index compiled by Lenglian Duoduo, the domestic egg spot price index stood at 4.023 on October 14, unchanged from the previous business day.