December 7, 2011
China Broiler Weekly: Supply strain props up market (week ended Dec 6, 2011)
An eFeedLink Exclusive
Price summary
Broiler prices were mostly higher.
Market analysis
AA broiler
A deficit of mature birds sent AA broiler prices surging despite slackened demand for chicken products.
Over the week, day-old chick prices reversed earlier gains amid slumping demand following the end of the pre-holiday restocking peak.
China breed broiler
Insufficient stocks held China breed broiler prices stable to slightly higher. Poor consumption of chicken products had prevented prices from gaining sharply.
Day-old chick prices started to decline over the week.
Market forecast
In the coming week, broiler market is set to stand firm on scarce supplies.
RMB1=US$0.1574 (Dec 7)
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