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Chinese chicken wholesale prices rose 10.86 yuan per kilogram in a week, up over 68 percent from March 2018, as consumers switch from pork. Official data show live chicken output falling from about 6 billion birds in 2016 to 4.16 billion last year, partly due to the US and France import ban.
Sharply falling chicken output and rising demand as a pork substitute signal sustained poultry price strength, which lifts demand expectations for feed ingredients used in broiler production.
poultrymed.comApr 27, 2019Not 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.
