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FEED & LIVESTOCK MARKET


February 7, 2019

 

China Broiler Weekly: Markets weaken before closing for Chinese New Year holidays (week ended Feb 1, 2019)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices softened lately.

 

 


Market analysis

 

AA broiler
 

With slaughterhouses slowly halting operation, demand for AA broiler dwindled, hence dragging prices to fall another 4% over the week. During January, AA broiler prices tumbled 9% accumulatively.
 

Nevertheless, chick prices jumped a whopping RMB1.30-2/chick to RMB7-7.20/chick as supplies tightened.
 

China breed broiler


Prices of fast-growth native broiler plunged 7% while demand shrank prominently. Chick prices dipped RMB0.50/chick to RMB1.80/chick as farmers were reluctant to expand inventories.
 

Hybrid broiler market was weak, seeing prices drop RMB0.30-0.30/kg to settle in the range of RMB6.90-7.30/kg. Nonetheless, chick prices, which had little scope to move lower, remained stable.

 


Market forecast
 

After the long Chinese New Year holidays, broiler markets are expected to remain weak due to poor post-festive demand.
 

AA chick prices are, however, set to remain firm as hatcheries limit production.
 
RMB=US$0.1483 (Feb 7)

 


eFeedLink offers monthly China hog and poultry market trackers, including analyses and on-the-ground information from Guangxi, Guangdong, Hunan, Hubei, Sichuan, Jiangsu, Henan, Shandong, Hebei and the whole of China. These provinces cover at least 70% of the total hog, poultry and related feed production or consumption in China. For more information, visit: http://www.efeedlink.com/eFLResearch


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