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China's average broiler price fell 1.6% year on year in August, the first decline in nearly three years, as production rose and demand weakened. Analysts do not expect prices to recover soon and say they may fall further, though live broiler prices rose 0.6% month on month in late August.
Lower Chinese chicken prices reduce demand for feed in the world's largest importing market, though pork prices have surged, which supports chicken as a substitute.
yicaiglobal.comZhang YushuoSep 14, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
