鸡肉供应充足物美价廉

Core Viewpoint - The chicken production in China has shown a significant increase, with a year-on-year growth of 6.8% in chicken output as of the end of May, indicating a robust production capacity in the industry [1][2]. Production and Supply - As of the end of May, the total chicken output in China increased by 6.8% year-on-year, with a cumulative meat chicken output growth of 5.5% and a cumulative chicken stock increase of 8.8% [1]. - The production of white feather chickens saw a 7.8% increase in cumulative meat output and a 6.8% increase in cumulative slaughter volume, while yellow feather chickens experienced a 2.8% increase in meat output and a 1.9% increase in slaughter volume [1]. - The strong production capacity is supported by sufficient breeding stock, with the number of grandparent stock chickens reaching 4.612 million sets, a year-on-year increase of 7.2% [2]. - Chicken imports have also risen significantly, with a 15.0% increase in volume and a 10.2% increase in import value as of the end of April [2]. Price and Revenue Trends - Despite the increase in production, chicken prices and revenues are under pressure, with the average price of meat chickens in May being 9.04 yuan/kg, a year-on-year decrease of 9.4% [3]. - The average revenue for the entire chicken production chain decreased to 0.34 yuan per chicken, down 1.12 yuan year-on-year [3]. - The price of yellow feather chickens fell by 15.0% year-on-year, indicating a challenging market environment for producers [3]. Market Outlook - The market is expected to see a dual increase in supply and demand in June, with a significant rise in the output of yellow feather chickens anticipated from June to August [4]. - Although there is potential for price increases during the summer, the extent of these increases is expected to be limited due to the overall market sentiment being weak [4].