鸡蛋：10月24日主力合约涨超3%，产能压力仍存

Core Insights - On October 24, egg futures saw a significant increase, with the main contract rising over 3%, indicating a strong short-term market trend [1] - The average price of eggs in major production areas was 2.83 yuan per jin, up 0.05 yuan from the previous day, while in major sales areas, the average price was 3.04 yuan per jin, an increase of 0.03 yuan [1] - National inventory levels showed a slight decline, with production stage average inventory at 1.03 days, down 0.01 days, and circulation stage inventory at 1.1 days, down 0.02 days [1] Production and Supply - As of the end of September, the national laying hen stock was approximately 1.368 billion, a month-on-month increase of 0.2% and a year-on-year increase of 6.0% [1] - High production capacity remains a focal point, with older hens not being culled aggressively, which may pressure egg prices and near-term contracts [1] Market Sentiment and Future Outlook - Continuous losses in the industry are reducing the willingness to replenish stocks, which could benefit long-term prices [1] - There is a tendency for profit-taking among previous short positions, leading to a rebound in prices, although high production capacity may limit the extent of this rebound [1] - Technical analysis suggests that all contracts remain weak, with prices at historical lows and supply pressures expected to persist [1] - The earliest potential turning point for the medium to long-term fundamentals may appear in early next year, with attention on weekly culling data [1]