November 29, 2011
China Broiler Weekly: Prices stable; day-old chick demand firm (week ended Nov 29, 2011)
An eFeedLink Exclusive
Price summary
Broiler prices were mostly stable.
Market analysis
AA broiler
AA broiler market was largely stable, as slaughterhouses lacked the impetus to raise prices due to poor sales of chicken cut-up products.
Over the week, day-old chick prices shored up on tight availability and strong demand, as integrators stepped up purchases before the restocking period for the New Year and Spring Festival holiday demand ended.
China breed broiler
Supply dearth propped up China breed broiler prices in Shandong and Hebei provinces.
Day-old chick prices remained stable over the week.
Market forecast
Despite lacklustre demand for chicken products, broiler prices are seen to strengthen in the short term as supplies remain low.
RMB1= US$0.1569 (Nov 29)
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