On November 12, broiler prices at farm gate in Shandong rose 0.05 yuan to 3.20 yuan per jin, and mainstream entry prices in Liaoning rose to 3.50 yuan per jin. Farm margins are reported at only 0.3-0.4 yuan, and many small farmers have high empty-house rates.
Thin producer margins and high empty-house rates point to tighter broiler supply ahead, which supports chicken prices and modestly raises demand for feed ingredients like corn and soybean meal. The effect on feed-grain prices is limited because the move is a small daily gain.
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.