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China's poultry breeding chain is under strain from coronavirus control measures. Day-old chick prices have fallen to 1.4 to 2.5 yuan per chick, below cost and far under last year's average of 6.8 yuan.
Breeder and chick oversupply and disrupted production cycles point to lower near-term broiler output and weaker feed demand from China's poultry sector.
reuters.comHallie GuFeb 21, 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.
