November 28, 2018
China Broiler Weekly: slaughterhouses cautious as AA broiler prices approach historic highs (week ended Nov 12, 2018)
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Prices were stable to lower.
After rising 9% in two weeks, AA broiler demand softened as slaughterhouses turned cautious as prices hit new highs for the year. On average, AA broiler prices dropped 0.26% over the week.
Meanwhile, record high prices of chicks discouraged pen building, dragging prices down by RMB0.10-0.20/chick to the range of RB6.20-6.40/chick.
China breed broiler
Fast-growth native broiler prices strengthened 1.2% on stable demand. Prices of hybrid broiler were mixed, averaging a nominal rise of 0.65% over the week.
Prices of native chicks were soft as farmers were not keen to expand inventories. Nonetheless, prices were mainly stable due to limited chick production.
As prices of AA broiler approach historic highs, slaughterhouses will limit stockpiles to be on the safe side. However, with supplies tight AA broiler market will remain firm. Chick prices should stay stable with production low.
Native broiler prices are seen stable to lower, putting a lid on the chick prices.
RMB=US$0.1438 (Nov 28)
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