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Chinese poultry producer Lihua sold 54.56 million broilers in October. Sales revenue was RMB1.568 billion, up 7.32% year on year, while both sales volume and live-chicken prices fell from September; the live-chicken price declined 7.6%.
The month-on-month decline in live-chicken prices points to softer near-term poultry market conditions in China, which may weigh on chicken prices if the weakness persists.
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.