
Live broiler prices for chicken used in frying fell 40.6% from their March peak, to 3,154 won per kg on 30 October, as supply recovered after last winter's avian influenza. Major Korean chicken chains have kept menu prices unchanged, prompting a government review and a Fair Trade Commission probe into possible price collusion.
Lower live chicken costs signal ample domestic poultry supply in Korea, which weighs on chicken feed demand, but retail prices are sticky due to delivery and operating costs. The story is a local retail pricing dispute with limited effect on global grain or feed prices.
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.