Eggs: The market is "bouncing back" again!
Egg Market Analysis:
Today, egg prices in major producing areas continued the steady-to-rising trend seen yesterday. The average price in major production regions stood at 4.494 yuan/jin, up 0.054 yuan/jin from the previous trading day. The average price for red-shell eggs was 4.41 yuan/jin, while that for pink-shell eggs was 4.53 yuan/jin, with a spread of 0.12 yuan/jin, which continues to widen.
Nationally, egg prices extended their modest upward movement today, with both red and pink eggs showing varying degrees of recovery. Persistent hot weather continues to suppress laying rates, keeping production relatively weak. Recently, bullish sentiment in the market has become more pronounced, and purchasing activity across all links has continued to improve, with better movement of goods, all of which have driven egg prices higher. However, downstream actual consumption has not yet shown any significant improvement, and traders continue to adhere to a just‑in‑time purchasing and selling strategy.
Egg Market Prices:
Egg Market Forecast
From the supply side, high temperatures are suppressing laying rates, keeping supply relatively tight. Market movement is normal, with just‑in‑time purchasing and sales, and low circulating inventories. After the decline in old hen prices, farmers remain reluctant to sell. Current production inventories have edged up slightly, while circulating inventories remain low. In the short term, the focus is on digesting circulating stocks, and supply pressure is broadly manageable.
From the demand side, we are still in the summer vacation off‑season, and school catering demand has not yet recovered. Entering August, expectations for Mid‑Autumn Festival stocking are gradually building, and food processing enterprises may increase procurement, suggesting possible strengthening of seasonal demand. Recently, after egg prices retreated, bargain‑hunting sentiment has heated up, but terminal consumption has not kept pace. A tangible turning point in demand has not yet emerged and requires further observation.
Overall, some regions are seeing slightly slower movement, but trading in producing areas is still acceptable. Inventories remain low, and market sentiment is generally positive. Prices are expected to remain stable with an upward bias tomorrow.
Egg Futures Price Movement
On August 5, the main egg futures contract (2609) on the Dalian Commodity Exchange (DCE) opened at 4018, reached a high of 4095, a low of 4017, and settled at 4062, up 65 points (1.62%). Trading volume was 449,350 lots, with open interest at 177,464 lots.
Egg Index Analysis:
According to data compiled by Cold Chain Duoduo, the domestic spot egg price index on August 5 was 4.494, up 0.054 (1.22%) from the previous trading day.
