Eggs: Peak-Season Demand Unleashed, Prices Rising with the Momentum
Egg Market Analysis:
Today, both pink-egg and brown-egg prices in major egg-producing regions maintained an upward adjustment trend. The average brown-egg price was 4.87 RMB/jin, the average pink-egg price was 4.64 RMB/jin, and the price spread remained stable at 0.23. The average price in major production areas was 4.67 RMB/jin, up 0.04 RMB/jin compared to the previous trading day.
Today, the national egg market was stable with upward movement. In the short term, the impact of high-temperature weather persists, reducing laying rates of layer hens. Supply of large-grade eggs is tight, further constraining market supply. The market is currently in the transition window between off-peak and peak demand ahead of the Mid-Autumn Festival and the start of the school year. Food factories have begun launching Mid-Autumn stockpiling in batches, and downstream procurement sentiment has improved. 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: The impact of high-temperature weather persists, and the laying-hen inventory remains at relatively low levels. Laying rates have declined, and supply of large-grade eggs is tight. On the culling side, some farmers are adopting a wait-and-see stance with reluctance to sell as the peak season approaches, while some enterprises hold bullish expectations for the market outlook and have accordingly increased their culling intensity. 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, and market goods flow has accelerated.
Overall: Overall, egg market sentiment is leaning optimistic, and the trading atmosphere is acceptable. The market is expected to maintain a relatively firm stance tomorrow, with some regions still carrying upward adjustment expectations.
Egg Futures Trend:
On August 11, the Dalian Commodity Exchange (DCE) egg futures main contract 2610 opened at 3,910, with a high of 3,921, a low of 3,812, and a settlement price of 3,854, down 99 / 2.53%. Trading volume was 641,663 lots, and open interest was 278,916 lots.
Egg Price Index Analysis:
According to Cold Chain Duoduo data, the domestic egg spot price index on August 11 was 4.709, up 0.04 from the previous working day, an increase of 0.857%.
