Chicken slaughter volume in South Korea expected to decrease by next month

It is expected that chicken slaughter volume will decrease for the time being due to a decrease in the number of chicks stocked due to rising production costs. According to the March broiler observations announced by the Korea Rural Economic Institute, the number of chicks stocked this month is expected to decrease by around 3.5% from last year to 64.02-64.68 million. It is analyzed that the reason for the decrease in the number of chicks stocked is due to the increase in production costs, such as feed price hikes, and the decrease in breeder productivity and hatching rate. In particular, the price of mixed feed for broilers has increased significantly, putting a burden on farmers. In January, mixed feed for broilers was 665 won per kg, up 24% from last year. Chick prices have also jumped significantly. The price of chicks last month was 820 won per chick, up 5.1% from last year and 12.5% from last month. As the stocking volume decreases due to the burden of production costs, it ...