Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 9.40 RMB/kg at the beginning of this week, and 9.60 RMB/kg at the end of this week. The price had increased by 2.13%, and the price had increased by 4.12% compared to the same period last year.

Analysis review

In terms of market supply, the inventory of laying hens from April to June was the stuffed chicken seedlings mainly from December 2022 to February 2023. Although there was an increase in the number of laying hens on hand in the second quarter, the magnitude was not significant and the stock remained at a low level. In addition, the feed cost in the second quarter may continue to decline weakly, weakening its support for egg prices.

In terms of demand, the May Day holiday is approaching, and stocking at various stages may start to promote the circulation of eggs. The overall demand in the second quarter has increased compared to the first quarter, and the overall number of eliminated chickens has not changed much. There had been an increase in the price adjustment process of eliminated chickens in the early stage, and the willingness of farmers to eliminate them was not strong.

Market outlook

The holiday is approaching, and market demand is improving, which has support for egg prices. It is expected that egg prices will mainly fluctuate and tend to be stronger in the short term.

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