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It's not about property, it's about liability.
Children aren't the property of parents, but parents are liable for their children. Children aren't "owned". If you impregnate a woman then you are responsible for the child.
In terms of sperm and egg ownership, that only applies if you're dealing with a third party like a sperm bank, where contract law is involved. That's because a third party has technical control over where the sperm goes and you need to define what that means. There is a middle man between the point where the sperm leaves you and where it ends up.
If you're a man who has sex with a woman, you are already making a direct choice about where that sperm goes, through your actions, which you are liable for. There's no middle man so ownership does not have to be defined.
The ownership angle is not very intelligent. You can't apply capitalism to biology in this way, because it's not commerce. Women have disproportionate power by virtue of where the child develops, and not due to sperm ownership. It's just a fact of nature.
Ownership and property can exist outside of capitalism, and other systems do involve the concept of property be that either collective, communal or individual property. Furthermore, concepts of rights, like for example natural rights, involve the idea that the body itself is property, so no, the property angle is not unintelligent.
Second, children are for all intents and purposes property of their parents. They can control what they do, they can control what happens to them, they can make decisions towards them and their person, and even damage them if they feel like it(spankings, some surgeries, etc). That is not to say the law views them as property or that people want to see them that way, but they are essentially the property of their parents.
Lastly, ownership doesn't involve a middle man. If I sell you a piece of clothing or whatever we don't need or call on a middle man to transfer ownership of the item in question.