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Shandong slaughter plants held chicken paw cut prices steady on November 13, with small phoenix claws at 30.45 yuan/kg and large at 32.55 yuan/kg. Live chicken prices rose, but slaughter remains loss-making, and supply of small sizes is increasing while high-value wing and claw products keep falling.
Losses at slaughter and rising small-size supply point to soft demand for by-products, with limited impact on feed-grain 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.