Core Insights - The egg market is experiencing a strong upward trend, with the main futures contract rising over 3% on October 24 [1] Price Trends - The average price of eggs in major production areas was 2.83 yuan per jin, an increase of 0.05 yuan from the previous day, while the average price in major sales areas was 3.04 yuan per jin, up 0.03 yuan [2] - Inventory levels have slightly decreased, with the average inventory in the production segment at 1.03 days, down 0.01 days, and in the circulation segment at 1.1 days, down 0.02 days [2] Production Data - As of the end of September, the monthly stock of laying hens was approximately 1.368 billion, showing a month-on-month increase of 0.2% from 1.365 billion at the end of August and 1.356 billion at the end of July, marking a year-on-year increase of 6.0% from 1.29 billion [2] Market Analysis - According to Ruida Futures, the high inventory of laying hens and the cautious purchasing behavior of traders are currently pressuring egg prices, although the market's willingness to replenish stocks may support long-term prices [3] - Jianxin Futures notes that despite current prices being at historical lows, high supply levels will persist due to ongoing culling processes, suggesting a bearish outlook on short-term price movements [3]