On November 3, live broiler gate prices in Shandong were 3.10 yuan/jin and stable, while the mainstream entry price in Liaoning was 3.40 yuan/jin. Live bird prices have been trading sideways for an extended period, with limited Shandong supply and slow product movement, while Northeast supply is tight in some areas.
Stable broiler prices with tight northeastern supply and weak Shandong demand point to limited near-term movement in chicken and poultry feed demand. Shandong price concessions could pressure regional prices if product sales do not improve.
Not 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.