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Livestock & Feed Market


April 12, 2017

 

China Broiler Weekly: China breed broiler prices soar on growing demand, tight supply (week ended Apr 5, 2017)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices rose further.

 


 

Market analysis


AA broiler

 

Tight availability of AA broiler continued to strengthen prices despite slow demand for chicken products. On average, prices rose 2.6% over the week.
 

However, as farmers remained cautious, day-old chick prices remained in the range of RMB1.55-2.50/bird.

 

China breed broiler

 

As the threat of bird flu disease subsided, demand for live poultries surged, catapulting China breed broiler prices while farmers held back releases.  In Guangdong, prices soared a whopping 39% amid inadequate supplies.
 

Overall, China breed broiler prices increased 17%.

 

Farmers were more confident to rebuild inventories of native broiler, but remained prudent with the expansion. Prices of day-old chick were therefore stable even as finishing broiler prices rallied.

 

 

Market forecast


As prices have increased substantially over the past several weeks, slaughterhouses are likely to limit buying, hence resulting in a downward correction of prices. Nonetheless, with demand recovering and supplies of broilers low due to the bird flu epidemic over the past half a year, the market is expected to strengthen further in the longer term.  
 
RMB=US$0.1450 (Apr 12)

 


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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