The egg price was 7.62 RMB / kg at the beginning of this week, and the egg price was 7.40 RMB / kg this weekend, down 2.89%.

Product aspect, at present, the substitution effect of eggs on pork demand is decreasing. Under the pressure of increasing pork supply, the demand for egg replacement will continue to weaken. And its own demand will also be affected by seasonal declines. Under the double bearish news, the market will continue to increase concerns about excessive egg supply. .

Laying hens’ aspect, since February 2019, the number of laying hens in the breeding industry continued to increase. From July to December 2019, the number of laying hens in the breeding industry increased for six months.

Until the end of December 2019, the number of laying hens of breeding enterprises in the main producing areas is 1,280.3 million. In the case of a high level of eliminated chickens in November and December 2019, the number of laying hens continued to increase. And the number of new chicks entering the henhouse exceeded the number of old chickens eliminated.

Prediction aspect, in the case of relatively rigid demand, the increase in egg supply requires a lower price in exchange for a rebound in demand. In the first half of 2020, the probability of further weakening of egg prices is greater.

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