The price of chicken goes up and the prosperity of poultry breeding industry is improving.

The recent rise in the price of chicken seedlings has finally led to a rise in the price of terminal chicken. The share prices of poultry breeding companies such as Yisheng shares (10.10,-0.18,-1.75%) and Minhe shares (11.80,-0.03,-0.25%) have also become increasingly active. Market participants predict that as the prosperity of the poultry breeding industry continues to rise, the profitability of related companies will be significantly improved.

According to the monitoring of the Shanghai Stock Exchange News, the average price of chicken seedlings in the main producing areas across the country has risen sharply in the past week, and the price of chicken seedlings in all major producing areas has exceeded 1 yuan per feather. On August 16, the latest average price of chicken seedlings in major producing areas across the country reached 1.19 yuan per feather, up 125 percent from the previous week, of which the latest average price of chicken seedlings in Shandong was the highest, reaching 1.34 yuan per feather. It is worth noting that chicken prices have also begun to rise steadily in recent days, up 3.3% from the previous week, indicating that terminal consumer demand is indeed picking up. The prices of chicken seedlings and chicken are on the rise, mainly due to the approach of the seasonal peak season of chicken consumption in September and October, and the opening of primary and secondary schools in September. On the one hand, farmers are enthusiastic about filling bars, on the other hand, food processing enterprises and wholesale markets begin to stock in advance.

Analysts pointed out that after a series of incidents and the impact of the epidemic for nearly half a year, the production capacity of the poultry breeding industry is more obvious. at the same time, chicken stocks such as slaughterhouses and wholesale markets have also experienced consumption for several consecutive months. With the approach of the double consumption season of the Mid-Autumn Festival, slaughtering, wholesale and other channels purchase and stock actively, not only the price of chicken seedlings has risen sharply, but also the price of terminal chicken has begun to rise, which is a signal of obvious improvement in the pattern of supply and demand. Although broiler prices are still at the cost line, they have begun to fluctuate and climb, and the cyclical improvement in the poultry industry is more certain. (Gao Zhigang, data Research Department)