January 10, 2018
China Broiler Weekly: Markets soften for high levels (week ended Jan 3, 2018)
An eFeedLink Exclusive
Prices were mostly lower.
Dipping 2.9%, AA broiler market ended its seven-week rally, which sent prices higher by a whopping 31%. As most slaughterhouses have stockpiled ample inventories, while prices of chicken products stabilized, the demand for AA broiler weakened considerably during the New Year period.
Chick prices plunged RMB1-1.30/chick to RMB2-2.40/chick while farmers held back purchases during the festive holidays.
China breed broiler
Prices of China breed broiler were mixed, rising in the south but staying soft in the northern parts of the country. On average, prices inched lower by 0.29% over the week.
Native chick prices registered slight falls as hatcheries that were making limited profits stood firm.
Broiler prices are expected to consolidate lower from current high levels as slaughterhouses withhold buying amid slow demand for chicken products. This will put a lid of the prices of day-old chicks.
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