Mysteel says the Q3 rise in yellow-feather chicken prices reflects lagged reductions in broiler breeder capacity combined with seasonal stocking ahead of the Mid-Autumn and National Day holidays. Fast-growing bird prices fell from 4.91 to 4.62 yuan per jin by early November while chick prices rose to 3.0 yuan per bird, and hog prices fell and soymeal dropped while corn rose.
Falling fast-growing bird prices and rising chick prices point to future supply pressure, and weaker hog prices reduce substitute demand. Mixed feed cost moves (soymeal down, corn up) shift feed ingredient buying in China.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.