As of November 14, powder-shell egg prices averaged 3.89 yuan/jin and red-shell eggs 3.98 yuan/jin. Layer inventory was 1.259 billion birds in October, down 0.6% month on month, while production and circulating inventories of eggs fell week on week and culled hen slaughter rose 2.5%.
Newly raised layers coming into production are expected to keep egg supply high after the Double 11 shopping period ends, while weak pork and vegetable prices limit demand. The analyst sees limited downside for spot due to fast hen culling and low inventories, but rising supply pressure on futures rallies.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.