January 11, 2018
China Broiler Weekly: Further slide in prices on soft demand (week ended Jan 10, 2018)
An eFeedLink Exclusive
Prices continued to fall.
Demand for chicken products showed little improvement, prompting slaughterhouses to limit purchases. With the quantity of finishing broiler ample, prices dropped another 2.7% during the period in review.
Day-old chick prices softened by RMB0.10-0.20/chick to RMB2-2.20/chick over the week.
China breed broiler
Markets in the south, which stood firm in the previous week, succumbed to the pressure of slack demand. With markets weakening nationwide, China breed broiler prices dropped 2.1%, ending the three-week uptrend.
Chick prices were stable to lower amid cautious demand.
Slow sales will exert pressure on the broiler markets. However, delayed deliveries due to the winter climates will lend support to broiler prices.
Chick prices are expected to stay around current levels as hatcheries stand firm.
RMB=US$0.1534 (Jan 11)
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