China’s October laying-hen inventory fell 5.03% year over year to about 1.245 billion birds, its lowest level of the year, while futures for fresh eggs rose 2.68% on November 11 as open interest declined. Recent egg production-area prices were mixed to weaker, and government data showed egg prices up 0.3% week over week; corn and soybean meal prices were down 0.4% and 0.6%, respectively.
A smaller laying flock tightens near-term egg supply and supports egg prices, although higher producer margins may slow culling and downstream demand is described as limited. Lower feed costs for corn and soybean meal could partly offset producers’ revenue gains.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.