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December 27, 2016

 

China Broiler Weekly: Pre-festive buying lends support to AA broiler market (week ended Dec 21, 2016)

 

An eFeedLink Exclusive

 
 

Price summary

 

Prices were mostly stable.

 


 

Market analysis

 

AA broiler


Prices of AA broiler were modestly higher by 0.39% as the demand for chicken products continued to improve with New Year holidays approaching.
 

While farmers withheld chick purchases, prices tumbled further, settling in the range of RMB0.55-1/bird.

 

China breed broiler


China breed broiler market remained firm in the north, but weakened in the south with supplies of contract chicken abundant. In Guangdong, prices plunged 7.5% as demand was exceptionally slack.
 

Day-old chick prices stayed stable at low levels as hatcheries stood firm amid paltry returns.

 
 

Market forecast


Supplies of broiler are projected to increase in the coming week, limiting the upward scope of broiler markets. AA broiler prices should stay stable with pre-festive sales steady, but native broiler market is expected to soften on slow sales.
 

RMB=US$0.1439 (Dec 27)

 


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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