Eggs: Peak Season Arrives, Procurement Rises, and the Market Is Turning Up!
Egg Market Analysis:
Today, brown-egg prices in major egg-producing regions maintained an upward trend, while pink-egg prices showed a pullback. The average brown-egg price was 4.83 RMB/jin, the average pink-egg price was 4.60 RMB/jin, with a price spread of 0.23, and the brown-pink egg price spread continued to widen. The average price in major production areas was 4.62 RMB/jin, up 0.036 RMB/jin compared to the previous trading day.
Today, the national egg market maintained a steady upward trend. The impact of high-temperature weather persists, reducing egg production rates. After last week's sustained egg price increases, Mid-Autumn food factories have begun launching stockpiling in batches, and downstream procurement sentiment has also shown improvement. Goods flow for both large and small egg grades has improved to varying degrees, market purchasing enthusiasm has increased, all segments are shipping in step with market conditions, the trading atmosphere has improved, and bullish sentiment continues to rise.
Egg Market Prices:
Egg Market Outlook:
Supply Side: High-temperature weather has persisted in recent days, and the mortality and culling rate of old hens has risen. Most operations maintain normal culling sentiment, but with the peak season approaching, some farmers have entered a wait-and-see stance with reluctance to sell. The egg storage cycle is short under high temperatures, traders are cautious about purchasing, and inventories across all segments remain at low levels.
Demand Side: The Mid-Autumn procurement peak season for food factories has arrived as expected, and actual demand has shown a noticeable improvement. Combined with the egg price adjustments and increases from last week, downstream purchasing enthusiasm has also improved. Market goods flow has accelerated, and the overall trading atmosphere is positive.
Overall: After the Beginning of Autumn solar term, high temperatures have eased slightly, and the market inquiry and trading atmosphere is relatively optimistic. However, follow-through from actual downstream demand still needs time. Egg prices are expected to maintain upward adjustment expectations tomorrow.
Egg Futures Trend:
On August 10, the Dalian Commodity Exchange (DCE) egg futures main contract 2610 opened at 3,973, with a high of 3,975, a low of 3,881, and a settlement price of 3,917, down 47 / 1.19%. Trading volume was 590,422 lots, and open interest was 270,824 lots.
Egg Price Index Analysis:
According to Cold Chain Duoduo data, the domestic egg spot price index on August 10 was 4.669, up 0.085 from the previous working day, an increase of 1.854%.
