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November 15, 2011

 

China Broiler Weekly: Market strengthens further (week ended Nov 15, 2011)

 

An eFeedLink Exclusive

 

 

Price summary

 

Broiler prices were mostly higher.

 

 

Market analysis

 

AA broiler

 

Despite tepid chicken product sales, slaughterhouses were forced to hike AA broiler prices slightly as supplies remained tight.
 

Day-old chick prices rocketed over the week, as restocking interest for the New Year holiday surged amid rising broiler prices and falling feed costs.

 

China breed broiler

 

Poor demand for chicken cut-up products prompted slaughterhouses to slash China breed broiler prices in Guangdong and Jiangsu. Shandong and Hebei prices gained further due to broiler shortages.
 

Over the week, day-old chick prices resumed a moderate rise.

 

 

Market forecast


Supply scarcity should continue to underpin broiler prices over the coming period.
 

RMB1=US$0.1574 (Nov 15)

 


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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