November 2, 2011
China Broiler Weekly: Prices tick up on supply shortfall (week ended Nov 1, 2011)
An eFeedLink Exclusive
Broiler prices were stable to slightly higher.
Despite slow chicken product sales, slaughterhouses lifted purchase prices for AA broilers to maintain their operations after broiler supplies tapered down slightly.
Farmers were not motivated to replenish due to weaker broiler market and steep rearing costs. Over the week, day-old chick trading was mainly supported by restocking from large integrators.
China breed broiler
Tighter availability perked up China breed broiler market, but price gains were capped by poor demand for chicken products. Most farmers were still in the red.
Day-old chick prices stayed flat over the week.
Broiler market is poised to slowly recover in the near term, underpinned by current supply shortfall.
RMB1=US$0.1573 (Nov 2)
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.