Eggs: Supply is tight! Egg prices remain high!
Egg Market Analysis
Today, egg prices in major producing areas showed mixed trends, with some remaining stable and others rising. The average price in major producing areas was 5.14 yuan/jin, an increase of 0.04 yuan/jin compared to the previous working day. The average price for red eggs was 5.14 yuan/jin, and the average price for pink eggs was 5.08 yuan/jin, a price difference of 0.06 yuan/jin.
The egg market continued its strong performance despite the off-season, with national prices rising again after a brief period of adjustment and stabilization. Egg prices remain supported by a temporary tight supply, low inventory levels, and widespread selling in producing areas, further providing strong support for prices.
Egg Market Prices
Egg Market Outlook
From a supply perspective, current inventory levels remain low, and the continued high summer temperatures are suppressing egg production. Low inventory levels at both the farming and distribution levels continue to provide solid support for egg prices.
From the demand side, egg prices will still have some support in the short term before the holiday. However, pre-holiday stockpiling has largely ended, the holiday consumption bonus has faded, and the demand for centralized procurement by food factories has weakened. At the same time, the gradual closure of schools across the country for holidays has further weakened the intensity of centralized procurement.
Overall, egg prices are expected to rise in the short term.
Egg Futures Price Movement
On June 10th, the opening price of the main egg futures contract 2607 on the Dalian Commodity Exchange (DCE) was 4330, the highest price was 4369, the lowest price was 4275, and the settlement price was 4319, up 56/1.32%, with a trading volume of 856,115 lots and open interest of 172,846 lots.
Egg Index Analysis
According to data from Lenglianduoduo, the domestic egg spot price index on June 10th was 5.098, an increase of 0.04 from the previous working day, a rise of 0.791%.
