Wens Foodstuff Says Chicken Prices Surge on Peak Season Demand
Wens Foodstuff Group said at an August 26 earnings call that chicken prices have risen sharply since August, driven by stronger seasonal demand, reaching RMB 6.9 per jin by August 24.
At a conference call on August 26 to discuss its interim results, Wens Foodstuff Group (300498) said chicken prices have risen rapidly since the start of August, supported by factors including increased demand during the peak season. As of August 24, prices had climbed to RMB 6.9 per jin.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Livestock, with intensity 70/100 and 75% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.