According to GF Futures, the spot price continued to decline today. Monitoring data from Zhuochuang Information shows that as of 14:47 on June 22, the average egg price in major production regions nationwide was 4.45 yuan per jin, down 0.08 yuan per jin compared to yesterday.

Overall, the earlier surge in spot egg prices was driven by pre-Dragon Boat Festival stocking. After the festival, demand quickly subsided, coupled with the rainy season in southern regions suppressing circulation and procurement. Spot prices fell rapidly, egg futures plummeted in tandem, and the earlier gains in both spot and futures markets were almost entirely wiped out. Currently, inventories are accumulating rapidly, with significant increases seen in both the production and distribution sectors, now above the levels of the same period last year. A short-term supply surplus is emerging, and spot egg prices still have room for further adjustment. However, with the end of the rainy season in July and the onset of pre-Mid-Autumn Festival stocking in September, there remains some demand for a rebound in spot egg prices. In the near term, it is prudent to be cautious about further shorting, and continued attention should be paid to inventory and flock numbers in production regions. It is also noteworthy that chicks reared during the concentrated replenishment in the second quarter will gradually begin laying at the end of the fourth quarter, possibly leading to a rising supply. Far-term supply pressures should not be overlooked.