Egg: Stocking Ends, Prices "Ebb" and Fall

Egg Market Analysis

Today, egg price quotes in major production areas showed a clear pullback trend. The average price of red eggs was 5.08 yuan/jin, and the average price of pink eggs was 5.20 yuan/jin, with a red-pink price spread of 0.12. The average price in major production areas was 5.10 yuan/jin, down 0.11 yuan/jin from the previous trading day. As end-user stocking has largely concluded, the egg market has officially entered a demand contraction phase. Traders hold bearish expectations for the near-term outlook, with moderate procurement enthusiasm, mostly maintaining a buy-as-you-sell strategy. Inventory across production chain segments is gradually accumulating, and shipment pressure has increased. Weakening demand combined with rising inventory led to an overall decline in egg prices today, with clear short-term market pressure.

Egg Market Price

Egg Market Outlook

Supply Side

On the supply side, the production capacity of newly laying hens has remained generally stable without significant fluctuations. Meanwhile, as temperatures gradually cool down, feed intake of laying hens has rebounded, and the rate of egg weight increase has accelerated compared to the previous period. The egg supply structure is gradually shifting from medium-small eggs toward large eggs.

Demand Side

On the demand side, pre-holiday concentrated stocking has overdrawn some subsequent demand. Post-holiday market shipments have noticeably weakened, and end-user procurement follow-through is insufficient. Traders' expectations for the near-term outlook have turned cautious, risk control sentiment has risen, procurement pace has slowed, and most are primarily focused on buy-as-you-sell strategies with controlled inventory.

Overall, as demand enters a seasonal decline period while newly laying hens maintain stable output and egg weight continues to increase, supply-side pressure will further accumulate. Egg prices are expected to continue trending weakly.

Egg Index Analysis

According to Lenglianduoduo data calculations, on September 20, the domestic egg spot price index was 5.164, down 0.198 compared to the previous working day.