Core Viewpoint - The poultry industry is experiencing a recovery in chicken prices, particularly for white-feathered and yellow-feathered chickens, driven by supply adjustments and improved profitability for farmers [1][2][3]. Group 1: White-feathered Chicken - In August, the average price of chicken seedlings was 3.29 yuan per chick, down 4% year-on-year but up 133% month-on-month; the average price of meat chickens was 7.17 yuan per kilogram, down 6% year-on-year but up 9.9% month-on-month [1]. - The reduction in chicken supply in August, along with distributors actively stocking up for the school season, has provided strong support for chicken prices, leading to significant improvements in farmer profitability [1]. - The overseas breeding volume has significantly decreased since the beginning of the year, and it is expected that the supply of parent meat chicken seedlings will be tight in the second half of 2025, which will also affect the supply of commercial meat chicken seedlings in 2026 [1][3]. Group 2: Yellow-feathered Chicken - In August, the average price of fast-growing chickens was 5.11 yuan per pound, down 3.3% year-on-year but up 30% month-on-month; the average price of snow mountain grass chickens was 8.51 yuan per pound, down 3% year-on-year but up 32% month-on-month [2]. - The supply of yellow-feathered chickens remains relatively abundant, but most farming entities have reported losses by mid-year, leading to expectations of accelerated elimination of outdated production capacity [2]. - As supply and demand conditions improve, yellow chicken prices have rebounded, and high-quality production capacity has turned profitable [2][3]. Group 3: Industry Outlook - The demand for quality parent chicken seedlings is expected to remain strong in 2025, despite an increase in imports of grandparent breeding chickens in 2024 [3]. - The current inventory of parent breeding chickens is at a historically low level, and the ongoing industry losses have set the stage for future price increases [3]. - Long-term prospects for the ice-fresh yellow-feathered chicken market remain promising due to changing consumer habits, the implementation of sales bans, and economic recovery boosting consumption [3].