Eggs: Egg Prices Sideways, Local Markets Stirring(Oct 16)

Eggs: Egg Prices Sideways, Local Markets Stirring

Egg Market Analysis

Egg Market Price

Egg Market Outlook

From the supply side, as temperatures decline, the laying hen inventory remains at high levels, and laying rates are gradually recovering. Layer farming profitability has narrowed, farming units' culling willingness is normal, and old hen supply is stable.

From the demand side, food factory stocking is winding down, and tourism, catering, and household concentrated procurement demand are simultaneously declining. The market has officially entered the traditional off-season, with terminal rigid demand flat and overall goods movement slow.

Overall, new capacity will continue to be released, and the terminal lacks strong demand drivers. Short-term egg prices are likely to maintain a weak oscillating pattern.

Egg Futures Trend

On October 16, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,355, with a high of 3,390, low of 3,312, settlement price of 3,351, down 33/0.98%. Trading volume was 456,207 lots, with open interest at 280,221 lots.

Egg Index Analysis

According to Lenglianduoduo data calculations, the domestic egg spot price index on October 16 was 3.994, down 0.029 compared to the previous working day.