On the supply side, the high inventory of laying hens and the集中出货 by traders and farmers before the holiday have led to a surge in circulation. On the demand side, household stocking has been completed, and group consumption has significantly decreased due to factory closures and holidays. Coupled with the weakening of futures prices, which has intensified bearish sentiment, and the postponement of the Spring Festival, causing提前释放的备货需求, a demand gap has formed before the holiday. It is expected that egg prices will remain weak in the near future. Today, the average egg price in main production areas is 7.09 yuan/kg in Shandong, down 0.23 from yesterday; 6.7 yuan/kg in Hebei, down 0.14; 6.87 yuan/kg in Guangdong, down 0.13; and 7.6 yuan/kg in Beijing, unchanged from yesterday. (China Feed Industry Information Network)
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Today's egg prices have fallen
On the supply side, the high inventory of laying hens and the集中出货 by traders and farmers before the holiday have led to a surge in circulation. On the demand side, household stocking has been completed, and group consumption has significantly decreased due to factory closures and holidays. Coupled with the weakening of futures prices, which has intensified bearish sentiment, and the postponement of the Spring Festival, causing提前释放的备货需求, a demand gap has formed before the holiday. It is expected that egg prices will remain weak in the near future. Today, the average egg price in main production areas is 7.09 yuan/kg in Shandong, down 0.23 from yesterday; 6.7 yuan/kg in Hebei, down 0.14; 6.87 yuan/kg in Guangdong, down 0.13; and 7.6 yuan/kg in Beijing, unchanged from yesterday. (China Feed Industry Information Network)