CMSC: Monthly White Poultry Prices Increasing, Awaits January Yellow Poultry Price Recovery

CMSC released a research report, stating that in December, it happened to be the period for poultry companies to stop stocking. Compared to previous years, the price of chicks before the stocking period was high and firm. This was firstly because the number of chicks hatching in December continued to decline, especially the scarcity of high-quality chicks; secondly, because the profitability of the farming side had improved compared to the previous period, and also due to the last batch of chickens being restocked before the year-end, so the restocking enthusiasm was relatively good. Overall, due to the tight supply of high-quality parent stock and a significant reduction in poultry stock, the market for white feather chicken chicks in 2024 is maintaining a good prosperity. In December, the price of white feather chicken chicks performed well, with chicken prices climbing month by month; the prosperity of the poultry industry in 2025 may continue, with the possibility of chicken prices performing beyond expectations; Q4 2024 saw a small decrease in the price of yellow chickens, waiting for the price of chicken to rebound in January. The main points of CMSC are as follows: White feather chicken: The prosperity improved in 4Q24, paying attention to overseas breeding and duck disease. In December, the average price of chicks in the main producing areas was 3.98 RMB per chick, an increase of 137% year-on-year, and a decrease of 6.7% month-on-month; the average price of feather chicken was 7.67 RMB per kilogram, an increase of 0.4% year-on-year, and an increase of 3.1% month-on-month; the average price of chicken products was 9270 RMB per ton, a decrease of 4.8% year-on-year, and an increase of 0.9% month-on-month; the average loss per feather on the farming side was 1.1 RMB. In December, it happened to be the period for poultry companies to stop stocking, and compared to previous years, the price of chicks before the stocking period was high and firm. This was firstly because the number of chicks hatching in December continued to decline, especially the scarcity of high-quality chicks; secondly, because the profitability of the farming side had improved compared to the previous period, and also due to the last batch of chickens being restocked before the year-end, so the restocking enthusiasm was relatively good. Overall, due to the tight supply of high-quality parent stock and a significant reduction in poultry stock, the market for white feather chicken chicks in 2024 is maintaining a good prosperity. Looking downstream, chicken prices climbed month by month in the fourth quarter, and the prosperity was better than in previous years. Pay attention to the impact of overseas breeding and "duck disease" on the white feather chicken industry. Yellow feather chicken: Limited demand support in December, waiting for the chicken price to rebound in January.