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October 10, 2011

 

China Broiler Weekly: Prices spiral down during holiday hiatus (week ended Oct 4, 2011)

 

An eFeedLink Exclusive
 

 

Price summary

 

Broiler prices were sharply lower.

 

 

Market analysis

 

AA broiler

 

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.

 

 

Market forecast


Broiler prices are seen to recover slightly from current low levels over the coming period.
 

RMB1= US$0.1562 (Oct 10)

 


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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