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Avian flu cases soared egg futures dive
At 05:40 on January 8, 2014 Securities Times News Network
Egg FuturesEgg Futures
Officers / Drawing
On Tuesday, the Dalian Commodity Exchange [microblogging] egg futures gapped sharply, the benchmark contract closed at 3,865 yuan in late 1405, down 3.13 percent. Analyze the causes and the New Year in the domestic market soared human case of bird flu, bird flu continues to spread in the two cases, adding to the pressure on the domestic market price of eggs. Compared with the spot market, the domestic Tuesday opened sharply lower on the price of eggs, which fully reflects the egg futures market bulls panic psychology.
New Year's first week, the domestic bird flu strikes again. At last count, Shanghai, Zhejiang, new cases each case of human infection of bird flu, Guangdong Zengcheng district Meat Market detect H7N9 avian influenza virus positive samples. In addition, one case of H9N2 influenza in Hong Kong where new cases.
Compared with last December, bird flu earlier this year, mainly in the eastern and southern coastal areas in China. The emerging markets are worried that bird flu is a continuation of December 2013 virus. At the same time, taking into account this year's mild winter weather across the country led to higher winter temperatures, winter fog and haze increased probability of respiratory viral infections, the market worried about the impact of bird flu in early 2014 to upgrade again.
Affected by avian flu, and more on the weekend of broiler bid below 4 yuan / kg, broiler purchase price below the cost line and hit lowest level since the fourth quarter of 2013. According to the law of broiler growth projections, in late November centralized Bulan broiler farmers generally at a loss.
Compared with the broiler market deserted market transactions, the domestic market is even more dismal chicks. Last December by concentrated outbreak of bird flu since the beginning of December the domestic market turnover chicks downturn. Farmers, taking into account the impact on the breeding bird flu market has not dissipated, pig farmers Bulan enthusiasm also dropped to the lowest, while being light Bulan, domestic hatcheries are also at a loss.
Affected by avian flu, the Dalian Commodity Exchange Tuesday eggs futures gapped sharply, the main contract opened 3832 yuan 1405, expires earlier settlement fell 58 yuan, down 3.96 percent.
Egg futures contracts listed on the Dalian Commodity Exchange is the first eggs varieties traded in the beginning of the listing exchanges is fully taken into account the impact poultry outbreaks susceptible to price fluctuations, so the design provisions in the treaty for the epidemic made special provisions. In response to the outbreak of the possible impact on the delivery caused by the epidemic, according to the DCE "People Animal Epidemic Prevention" developed a special clause. Provisions, when the outbreak of the epidemic concentrated DCE moratorium registered warehouse delivery library of epidemic forced the seller a replacement library PFAs delivery and other measures to ensure the quality and safety of eggs during outbreaks. Meanwhile, according to the library to be included delivery epidemic proportions, will take measures to suspend or terminate the transaction.
Through the above analysis, we find that what happened last year in December and early this year, bird flu is mainly sporadic distribution, the epidemic did not cause a major disaster aquaculture industry nationwide. Therefore, from the point of view of futures trading, after the panic caused by heart excessive price decline on the price of eggs or stabilizes.
In summary, we believe that 2014 new year bird flu broke out again, domestic chickens, chicks, eggs spot market transactions abnormal light, Tuesday egg futures market gapped reflects the bird flu cause panic psychology. Investors need to continue to focus on the development and diffusion of bird flu. (The author is an analyst at Everbright Futures)
http://finance.sina.com.cn/money/future/fmnews/20140108/054017876994.shtml
Avian flu cases soared egg futures dive
At 05:40 on January 8, 2014 Securities Times News Network
Egg FuturesEgg Futures
Officers / Drawing
On Tuesday, the Dalian Commodity Exchange [microblogging] egg futures gapped sharply, the benchmark contract closed at 3,865 yuan in late 1405, down 3.13 percent. Analyze the causes and the New Year in the domestic market soared human case of bird flu, bird flu continues to spread in the two cases, adding to the pressure on the domestic market price of eggs. Compared with the spot market, the domestic Tuesday opened sharply lower on the price of eggs, which fully reflects the egg futures market bulls panic psychology.
New Year's first week, the domestic bird flu strikes again. At last count, Shanghai, Zhejiang, new cases each case of human infection of bird flu, Guangdong Zengcheng district Meat Market detect H7N9 avian influenza virus positive samples. In addition, one case of H9N2 influenza in Hong Kong where new cases.
Compared with last December, bird flu earlier this year, mainly in the eastern and southern coastal areas in China. The emerging markets are worried that bird flu is a continuation of December 2013 virus. At the same time, taking into account this year's mild winter weather across the country led to higher winter temperatures, winter fog and haze increased probability of respiratory viral infections, the market worried about the impact of bird flu in early 2014 to upgrade again.
Affected by avian flu, and more on the weekend of broiler bid below 4 yuan / kg, broiler purchase price below the cost line and hit lowest level since the fourth quarter of 2013. According to the law of broiler growth projections, in late November centralized Bulan broiler farmers generally at a loss.
Compared with the broiler market deserted market transactions, the domestic market is even more dismal chicks. Last December by concentrated outbreak of bird flu since the beginning of December the domestic market turnover chicks downturn. Farmers, taking into account the impact on the breeding bird flu market has not dissipated, pig farmers Bulan enthusiasm also dropped to the lowest, while being light Bulan, domestic hatcheries are also at a loss.
Affected by avian flu, the Dalian Commodity Exchange Tuesday eggs futures gapped sharply, the main contract opened 3832 yuan 1405, expires earlier settlement fell 58 yuan, down 3.96 percent.
Egg futures contracts listed on the Dalian Commodity Exchange is the first eggs varieties traded in the beginning of the listing exchanges is fully taken into account the impact poultry outbreaks susceptible to price fluctuations, so the design provisions in the treaty for the epidemic made special provisions. In response to the outbreak of the possible impact on the delivery caused by the epidemic, according to the DCE "People Animal Epidemic Prevention" developed a special clause. Provisions, when the outbreak of the epidemic concentrated DCE moratorium registered warehouse delivery library of epidemic forced the seller a replacement library PFAs delivery and other measures to ensure the quality and safety of eggs during outbreaks. Meanwhile, according to the library to be included delivery epidemic proportions, will take measures to suspend or terminate the transaction.
Through the above analysis, we find that what happened last year in December and early this year, bird flu is mainly sporadic distribution, the epidemic did not cause a major disaster aquaculture industry nationwide. Therefore, from the point of view of futures trading, after the panic caused by heart excessive price decline on the price of eggs or stabilizes.
In summary, we believe that 2014 new year bird flu broke out again, domestic chickens, chicks, eggs spot market transactions abnormal light, Tuesday egg futures market gapped reflects the bird flu cause panic psychology. Investors need to continue to focus on the development and diffusion of bird flu. (The author is an analyst at Everbright Futures)
http://finance.sina.com.cn/money/future/fmnews/20140108/054017876994.shtml