October 10, 2011
China Broiler Weekly: Prices spiral down during holiday hiatus (week ended Oct 4, 2011)
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Broiler prices were sharply lower.
Sitting on large stockpiles as slaughterhouses closed for one-week holiday, AA broiler prices suffered steep declines over the week.
Hatcheries were forced to lower prices for day-old chicks due to a depressed broiler market.
China breed broiler
Sluggish sales of chicken products and a pause in broiler trading due to the holiday break weighed on China breed broilers market.
Day-old chick prices continued to stay weak.
Broiler prices are seen to recover slightly from current low levels over the coming period.
RMB1= US$0.1562 (Oct 10)
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