According to the monitoring of SunSirs, the price of eggs was 12.29 RMB/kg at the beginning of last week, and 12.33 RMB/kg at the end of last week. The price rose 0.33%, 16.10% higher than the same period last year.
From the perspective of the stock, the overall stock kept at a low level, and the number of newly opened laying hens was not much; The breeding unit selects the opportunity to eliminate the old chickens of the right age, and the number of chickens to be eliminated in some areas next week will increase or recover, but the growth rate is limited. The inventory in the production and circulation links increased. Demand side: the egg price is high, the overall speed of goods moving in the downstream market is average, traders are cautious in participating in the market, purchase in small quantities as required, and most of them maintain normal circulation inventory.
From the perspective of new production capacity, the newly opened laying hens in November are mainly the chicks that will be added to the breeding stock before and after July 2022. At that time, the temperature was relatively high, it was difficult to breed chicks, and the number of chicks added to the breeding stock was not large. In July, the number of chicks added to the breeding stock decreased by 2.89% month on month. Therefore, the new production capacity of laying hens in November will be reduced. In addition, the number of culled chickens may be greater than the number of newly opened laying hens. The number of laying hens on hand in November may be slightly reduced, so the supply of eggs may still be tight, It has a positive effect on egg price.
In November, the number of laying hens on hand may decrease slightly, and the supply of eggs may still be tight, which has a positive effect on the egg price. However, the egg price is at a high level, and consumption may be restrained. It is expected that the egg price in China will be dominated by shocks in the short term.
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