Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS


November 18, 2016

 

China Broiler Weekly: Excess availability, poor demand sink prices (week ended Nov 16, 2016)

 

An eFeedLink Exclusive

 

 

Price summary

 

Prices fell substantially.

 

 

 

Market analysis

 
AA broiler


Prices of AA broiler fell more than expected, as the supplies of contract chicken remained high whereas demand slackened while slaughterhouses limited stockpiles. Over the week, AA broiler prices dipped 4.6% on average,
 

As farmers incurred losses, sales of day-old chick were sluggish, dragging prices down to the range of RMB1.85-3.25/bird.

 

China breed broiler


Although demand was weak as well in the native broiler markets, prices inched down a mere 0.44% on average as tight availability pushed up prices in the eastern region by over 6%. In other regions, native broiler prices were lower by 3% on average.
 

Prices of day-old chicks softened amid poor buying interest.

 

 

Market forecast


High release volumes from contract farmers will exert pressure on the market in the near term. However, with prices approaching 2015 second quarter's record lows, price falls should slow gradually.
 
Prices of day-old chick will likely slide further as farmers are reluctant to build inventories. 
 
RMB=US$0.1454 (Nov 18)

 


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


All rights reserved. No part of the report may be reproduced without permission from eFeedLink.

Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read