Eggs: Prices Up, Market Cautious（Sep 16）
Eggs: Prices Rise Again, but the Market Begins to Show Caution
Egg Market Analysis
Today, egg prices in major production areas were stable with upward adjustments. The average red egg price was 5.34 yuan/jin, and the average pink egg price was 5.47 yuan/jin, with a price spread of 0.13 yuan between red and pink eggs. The average price in major production areas was 5.36 yuan/jin, up 0.04 yuan/jin compared to the previous trading day. Egg prices have hit new highs again, but at such high levels, the market is somewhat unable to sustain the momentum, with transactions in some areas beginning to weaken. Fortunately, inventories remain low and the Mid-Autumn Festival continues to provide support. Prices were stable with gains today, but the upward momentum has noticeably moderated.
Egg Market Prices
Egg Market Forecast
On the supply side, as high temperatures subside, egg production rates are gradually returning to normal. New layer placements in September continue to increase, but most farmers remain bearish on post-Mid-Autumn market prospects. Culling sentiment among breeders is rising, which effectively offsets the increase from new placements.
On the demand side, Mid-Autumn Festival stocking is nearing completion. Market conditions across production areas are uneven: pink egg gift boxes are selling reasonably well, while red egg sales are average. Traders, fearing post-holiday price declines, are operating with light positions and are reluctant to stockpile.
Overall, demand-side support remains, but the dampening effect of high prices on transactions is becoming increasingly apparent. Current egg prices are at relatively high levels, and traders' procurement sentiment has turned cautious. Most are purchasing on-demand and controlling inventory, with market activity cooling compared to the previous period. Without new positive catalysts, egg prices are expected to be stable with downward pressure tomorrow, with some high-price areas potentially leading the correction.
Egg Futures Trends
On September 16, the Dalian Commodity Exchange (DCE) egg futures main contract 2611 opened at 3,780, with a high of 3,823, a low of 3,761, and a settlement price of 3,793. The change was 0/0.00%, with a trading volume of 354,139 lots and open interest of 274,874 lots.
Egg Index Analysis
According to calculations by Lenglianduoduo data, the domestic egg spot price index on September 16 was 5.431, up 0.037 compared to the previous working day.
