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Eggs: Weak egg prices are running, market transactions are slowing down

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September 29, 2024, 4:55 PM

Egg market analysis:Today, egg prices across the country are operating in a weak position, with slight adjustments in some areas. The average price in the main producing areas today is 4.45 yuan/catty, down 0.09 yuan/catty from yesterday's price. The average price of red eggs is 4.43 yuan/catty, and the average price of pink eggs is 4.74 yuan/catty. The price difference is 0.31 yuan/catty. At present, the number of laying hens has decreased slightly month-on-month, breeding units are generally enthusiastic about soliciting chickens, and slaughtering companies purchase them on demand, which has reduced the pressure on the supply of eggs. The performance on the demand side is relatively weak. The current market trading atmosphere is general. Traders and major supermarkets are actively clearing their warehouses, and all links are sold at the same time. Goods in the downstream market have weakened, and terminals have a strong wait-and-see attitude.

Market price of eggs:

Egg market outlook forecast:From the supply perspective, the current number of newly laid laying hens is less than the theoretical number of eliminated chickens. The number of laying hens has decreased month-on-month, and the number of eliminated chickens has been average. Breeding units have chosen to eliminate them, and the pressure on the supply of eggs has been reduced. The weather will gradually cool, and the egg laying rate may pick up. It is expected that the market supply will remain relatively loose. From the perspective of demand, the current consumer demand in the downstream market is weak. Dealers are cautious in taking goods to avoid risks. They mainly replenish goods on demand in all links. Goods in the market are average, and inventory pressure in some areas has increased slightly. With the approaching of the National Day, the industry has a certain sentiment of supporting prices and is expected to perform weakly on the market demand side. To sum up, risk aversion in all links is dominant, market trading is moderate, and the egg market is expected to operate weakly tomorrow.

Trend of egg futures:The market is closed today.

Egg index analysis:According to calculations from the cold chain, the spot price index of eggs in China on September 29 was 4.647, down 0.214, or 4.402%.

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