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China - Pork supply gap continues, price of chicken and eggs up another 6-6.69% - October 22, 2019

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  • China - Pork supply gap continues, price of chicken and eggs up another 6-6.69% - October 22, 2019


    Bite Futures: On October 22, the egg policy effect and the financial strength resonance period are now rising.
    October 22, 2019, 10:06
    Original title: Bite Futures: October 22 eggs( 4711 , 37.00 , 0.79% ) Policy effect and financial strength resonance promotion period is now a total increase Source: Bite Futures




    The pork supply gap continues to increase,

    the demand for poultry meat remains high, farmers are willing to raise prices, and egg prices continue to rise to increase confidence in the market.

    It is expected that the price of chickens to be eliminated in the short-term will continue to be strong. The world's granary statistics yesterday's national average price was 5.26 yuan / kg, up 0.33 yuan / kg from last Friday, an increase of 6.69%. The price of red eggs in Shandong is 5.23-5.30 yuan / kg, up 0.30-0.35 yuan / kg from last Friday; the price of eggs in Liaoning is 4.98-5.27 yuan / kg, up 0.27-0.45 yuan / kg from last Friday, the main production The average price of the district was 5.24 yuan / kg, up 0.33 yuan / kg from last Friday.

    Yesterday, the main sales areas in Beijing, Shanghai, and Guangdong all rose, the average price of the sales area was 5.32 yuan / kg, up 0.34 yuan / kg from last Friday. The national average price index of eliminated chickens was 9.87 yuan / kg, up 0.36 yuan / kg from last Friday. The price of live poultry in Jiangsu area was 10.50 yuan / kg, up 0.70 yuan / kg from last Friday; the price of pink chicken in Hebei area rose 0.30 yuan / kg in 9.70-9.80.


    On the fundamentals, the national spot price of eggs has risen across the board, with a gain of more than 6%, which is a large increase. The rise in spot prices yesterday was firstly spurred by the recent surge in domestic pig prices. More importantly, at the policy management level, the emphasis on live pig production has risen significantly. In this environment, capital and policy effects have formed a clear resonance. From the market reaction, the price of eggs is obviously dominated by funds and policies, and the amplification of price fluctuations in the later period will become the mainstream. From the spot market, the most need to pay attention to the further reaction of the spot price, after all, from the actual point of view, the basic face of the egg and the pig are two states, the egg does not have the problem of supply and demand shortage. In terms of futures, yesterday's near-month contract and main contract daily limit, operating strategy, built attention to today's gap support and the level of capital inflows, the previous period is more than a single holding, no single is currently dealing with short-term thinking.

    zhttps://finance.sina.com.cn/money/future/indu/2019-10-22/doc-iicezuev3894753.shtml
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