November 15, 2011
China Broiler Weekly: Market strengthens further (week ended Nov 15, 2011)
An eFeedLink Exclusive
Price summary
Broiler prices were mostly higher.
Market analysis
AA broiler
Despite tepid chicken product sales, slaughterhouses were forced to hike AA broiler prices slightly as supplies remained tight.
Day-old chick prices rocketed over the week, as restocking interest for the New Year holiday surged amid rising broiler prices and falling feed costs.
China breed broiler
Poor demand for chicken cut-up products prompted slaughterhouses to slash China breed broiler prices in Guangdong and Jiangsu. Shandong and Hebei prices gained further due to broiler shortages.
Over the week, day-old chick prices resumed a moderate rise.
Market forecast
Supply scarcity should continue to underpin broiler prices over the coming period.
RMB1=US$0.1574 (Nov 15)
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