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04

2022

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12

Chinese White Feather Broiler Market Analysis in Nov and Forecast in Dec

Source:

OIG+X

The average chicken price in Nov was 11.72 yuan/kg, up 2.04 yuan/kg or 21% compared with the same period last year, the MoM increase was 0.54 yuan/Kg, or 4.83%; The monthly average selling price of the breast product is 11.24 yuan/Kg, up 14.69% YoY and 7.96% MoM; The monthly average selling price of large-sized chicken legs was 12.64 yuan/Kg, up 27.29% YoY and 4.04% MoM; The average monthly price of chicken wings was about 35.8 yuan/Kg, up 11.03% YoY and 0.85% MoM.

The average chicken price in Nov was 11.72 yuan/kg, up 2.04 yuan/kg or 21% compared with the same period last year, the MoM increase was 0.54 yuan/Kg, or 4.83%; The monthly average selling price of the breast product is 11.24 yuan/Kg, up 14.69% YoY and 7.96% MoM; The monthly average selling price of large-sized chicken legs was 12.64 yuan/Kg, up 27.29% YoY and 4.04% MoM; The average monthly price of chicken wings was about 35.8 yuan/Kg, up 11.03% YoY and 0.85% MoM.

 

In Nov, COVID-19 broke out in many regions, and terminal consumption was weak. Chicken dealers purchased and sold chicken at the same time. In the first ten days of Nov, the price of chicken products was high. Under the influence of the COVID-19 in late Nov, chicken dealers were cautious in purchasing at a high price, and the inventory of some slaughterhouses climbed. Some slaughterhouses began to negotiate prices. At the end of the month, affected by the COVID-19, the slaughterhouse barely started operation, the sales of products slowed down, and the price of chicken products declined at a high level.

 

Future outlook

-Live chicken

In the middle and first ten days of Nov, the breeders are highly motivated to breed young chickens. Due to the continuous decrease in the supply of young chicks in the market, the number of broilers sold in Dec 2022 will drop by about 2.7% MoM. The slaughter capacity of slaughterhouses, which are mainly self raised and in contract, will decrease. In Dec, the number of live chickens sold was not in large number and there was little room for the price of live chickens to fall. In Dec, it was still possible to stop the decline and rebound. The average price of live broilers was 9.0-9.4 yuan/kg.

 

-Chicken products

Affected by the current COVID-19 in many regions, the slaughter speed of chicken products is not fast, the slaughterhouse inventory is rising, and the chicken products in some regions are not sold fast. The slaughterhouse mainly guarantees current orders and reduces the slaughter volume of the live chicken. Some slaughterhouses have plans to reduce production or stop production. The chicken dealers are cautious in purchasing and replenishing when the product price drops.

 

It is expected that the price of chicken products will decline at a high level in Dec, but the dealer's inventory is not large, the overall product price adjustment was limited. It is estimated that the price of chicken products will fluctuate between 10,800-12,000 yuan/ton in Dec 2022.

 

Uncertain factors such as pork price, COVID-19 epidemic, chicken import volume, etc. will affect the price of domestic chicken industry chain.