China - Since March 25 chicken prices have fallen significantly due to "poor demand" - March 29, 2018

[sharon sanders]

[FONT=&quot] [h=1]The price of chicken products first fell, and the market in the second quarter weakened to a foregone conclusion.[/h] [/FONT]​

[FONT=&quot]Time: 2018-3-29 10:33:57 Source: Boya and News[/FONT]​

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  Terminal market demand is poor, chicken prices have fallen significantly
  From March 25th onwards, the selling price of chicken meat products at slaughterhouses continued to fall, and the price category declined more than usual. Among them, chicken breasts, chicken legs, and chicken wings fell significantly.
  According to the survey, the price reduction of chicken products is mainly due to poor market demand. Recently, the wholesale market, distributors and food processing plants have a weak willingness to purchase. At present, many multi-distributors and processing plants use chickens to buy and use them, reducing the inventory cycle. The market demand for meat products is weak, some processing plants take measures for holiday, slaughterhouses are not allowed. Do not cut prices to stimulate the goods. The overall selling price of chicken products gradually dropped to 9,000 yuan/ton, which fell to the early-December 2017 price.
  2 The chicken sales have worsened, increasing the price drop of the chicken in the second quarter
  In the first quarter of 2018, the slaughter rate of the chickens was at a low point in recent quarters, and the level of chicken stocks at each stage was relatively low. However, the chicken price dropped significantly, reflecting the weak demand in the current terminal market.
  According to the monitoring of Boya Hexun, the supply of white broiler chickens will increase in April, while the chicken terminal market will be weak, which is unfavorable to the market price. It is expected that the price of chickens will fall below 7 yuan/kg, return to the 6 yuan/kg era and fall to 2017 Year 10-11 month period price. However, due to the low pork price in 2018, which inhibited the sale of chicken products, there was a risk of the price falling below RMB 6/kg during the low period.
  3 weak market, the market will adjust again
  In the second quarter, as the prices of the chickens fell, it is expected that the parent breeding chicken farm market will be re-adjusted, and the breeding chickens will be eliminated in advance and the number of forced-fighting breeding chickens will be reduced, affecting the actual supply of broilers in the latter part of the second quarter and the third quarter. In the late period of the market, the terminal market is still going strong.
  For the whole year 2018 chicken prices, we still maintain the 2017 annual report.

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