养殖‖2025年白羽肉鸡价格跌破2018年以来近八年行业最低点

Core Insights - The white feather broiler industry chain experienced a dramatic profit decline in 2025, with prices falling to the lowest point in nearly eight years since 2018 [1][3]. Industry Overview - From January to October 2025, the profit of the entire white feather broiler industry chain dropped by over 94% year-on-year, with profits falling from 9.86 yuan per bird in 2019 to 0.68 yuan per bird in 2023, and further down to 0.01 yuan per bird in 2025 [3][5]. - The theoretical profits for the incubation, breeding, and slaughtering segments were -0.06 yuan per chick, -0.15 yuan per bird, and 0.22 yuan per bird respectively, showing significant year-on-year declines of 110.71%, 141.67%, and an increase of 168.19% [3][5]. Incubation Segment - The incubation segment's profits showed a fluctuating trend from 2021 to 2025, with 2025 profits reaching the second-lowest level in five years due to low chick prices and rising feed costs [5]. - The average price of commodity broiler chicks was 2.75 yuan per chick from January to October 2025, a decrease of 20.06% year-on-year, leading to a significant shrinkage in revenue [5]. Breeding Segment - The breeding segment's profitability is primarily influenced by chick and feed costs, which typically account for 70%-85% of total breeding costs [7]. - In 2025, the theoretical breeding profit was a loss of 0.15 yuan per bird, the lowest in five years, driven by a significant drop in broiler prices to an average of 3.46 yuan per pound, down 6.99% year-on-year [7]. Slaughtering Segment - The slaughtering segment has seen a recovery in profits, with costs reaching a low point, allowing for profit margins to expand [3][5]. - Current market conditions indicate stable prices for broilers in various regions, with slight fluctuations based on local supply and demand dynamics [8][11]. Market Dynamics - The overall market for broilers is characterized by slow sales and increasing inventory levels, with a reported average sales rate of 85.11% [14]. - The slaughtering profits are near the breakeven point, with prices for broilers in Shandong ranging from 3.46 to 3.60 yuan per pound [14].