Egg spot prices continued to fall, with average prices down 0.07 yuan per jin in major producing areas and 0.03 yuan in major consuming areas. The analysis said laying-hen inventories declined month on month from August through October and were more than 7% below a year earlier, while egg futures were mixed and basis levels generally weakened.
Fewer laying hens could tighten egg supply and support prices, but ongoing spot-price declines and weaker forward-market signals temper the bullish outlook.
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.