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02

2023

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07

Chinese Chicken Price Will Decrease in July

Source:

OIG+X

According to Mysteel's agricultural product data on the early stage, the number of broiler chickens sold in July is still in an increasing trend compared to June and the same period last year; And in the early stage, with the decrease of chick breeds prices, the enthusiasm for supplementing chick stock has significantly increased, and the subsequent situation of chicken supply is mostly negative for the price of live chickens.


According to Mysteel's agricultural product data on the early stage, the number of broiler chickens sold in July is still in an increasing trend compared to June and the same period last year; And in the early stage, with the decrease of chick breeds prices, the enthusiasm for supplementing chick stock has significantly increased, and the subsequent situation of chicken supply is mostly negative for the price of live chickens.

 

From the perspective of the demand side, it is currently difficult for products to improve their sales. In July, the traditional off-season of poultry meat consumption, as the temperature increases, the demand for meat decreases; And school group meals have significantly shrunk with the arrival of summer vacation; On the demand side, it is also mostly bearish.

 

From other perspectives, the prices of substitute live pigs continue to decrease, significantly suppressing the demand for poultry meat; The current decline in chick breeds prices has also led to breeding costs being at a low level within the year. In conclusion, it is expected that the price of live chickens will fluctuate and decline in July, with a low point or a downward trend of 0.8 yuan/kg. The average price will fluctuate and decrease in the price range of 7.6-8.4 yuan/kg.