Eggs: Prices Wanted to Rise, But Got "Pinned Down" Again
Egg Market Analysis:
Today, pink-egg and brown-egg prices in major egg-producing regions showed mixed movements. The average brown-egg price was 4.67 RMB/jin, the average pink-egg price was 4.88 RMB/jin, and the price spread remained stable at 0.21. The average price in major production areas was 4.69 RMB/jin, up 0.02 RMB/jin compared to the previous trading day.
Today, the national egg market was stable with upward movement. With the Mid-Autumn holiday approaching and schools across regions about to resume, downstream procurement demand has shown an improving trend, driving egg prices into an upward channel. The market trading atmosphere is acceptable, inventory pressure across all segments is limited, and bullish sentiment continues to heat up. However, high-temperature weather disruptions persist, making eggs difficult to store, and downstream procurement remains cautious, with insufficient momentum for sustained price increases.
Egg Market Prices:
Egg Market Outlook:
Supply Side: The egg supply situation continues from the previous period with no significant improvement. Under high-temperature weather, traders have a low willingness to stockpile, and inventories across all segments remain at relatively low levels. On the culling side, most farming enterprises are holding back flocks with reluctance to sell, and the supply of old hens is limited.
Demand Side: The Mid-Autumn procurement peak season for food factories has arrived as expected, but the market has not yet fully entered the procurement peak. Combined with the persisting high-temperature weather, the procurement model is mostly small-volume, on-demand purchasing, and the demand-driven momentum is relatively limited.
Overall: Overall, the favorable impact of actual demand in the egg market is being released, and the fast-in, fast-out rhythm is unlikely to change. The trading atmosphere is acceptable, and the market is expected to maintain a relatively firm stance tomorrow.
Egg Futures Trend:
On August 12, the Dalian Commodity Exchange (DCE) egg futures main contract 2610 opened at 3,818, with a high of 3,882, a low of 3,800, and a settlement price of 3,841, down 24 / 0.62%. Trading volume was 779,811 lots, and open interest was 284,093 lots.
Egg Price Index Analysis:
According to Cold Chain Duoduo data, the domestic egg spot price index on August 12 was 4.817, up 0.108 from the previous working day, an increase of 2.293%.
