October 10, 2011
China Broiler Weekly: Prices spiral down during holiday hiatus (week ended Oct 4, 2011)
An eFeedLink Exclusive
Price summary
Broiler prices were sharply lower.
Market analysis
AA broiler
Sitting on large stockpiles as slaughterhouses closed for one-week holiday, AA broiler prices suffered steep declines over the week.
Hatcheries were forced to lower prices for day-old chicks due to a depressed broiler market.
China breed broiler
Sluggish sales of chicken products and a pause in broiler trading due to the holiday break weighed on China breed broilers market.
Day-old chick prices continued to stay weak.
Market forecast
Broiler prices are seen to recover slightly from current low levels over the coming period.
RMB1= US$0.1562 (Oct 10)
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