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December 21, 2011

 

China Broiler Weekly: Prices range-bound; chick market extends losses (week ended Dec 20, 2011)

 

An eFeedLink Exclusive
 
 

Price summary

 

Broiler prices hover around current levels.

 
       
       
Market analysis


AA broiler


Slaughterhouses cut AA broiler purchase prices early in the week amid releases of the first batch of New Year's Day stocks and the softening of chicken product prices. Latter half of the week saw broiler prices levelling off as market supplies remained inadequate. 

 

Meanwhile, a slump in day-old chick demand pushed many hatcheries into the red.


China breed broiler


The arrival of New Year's Day birds on the market softened China breed broiler prices in Guangdong; while prices in Shandong and Hebei remained firm amid persistent supply shortfall.

 

Day-old chick prices continued to tumble over the week.

    
 
Market forecast
 

Broiler market looks upbeat in the short term as pre-festive demand is expected to gain pace.
          
RMB1=US$0.1578 (Dec 21)
  

             
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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