Chicken egg & meat prices dropped

In early October, I posted about the recovery in chicken egg & meat prices. With that price recovery, we saw a decent rally in poultry stocks, such as LTKM & Teoseng. Today, I managed to find a source for the prices of egg & chicken meat (here). To my surprise, the prices of egg had been declining since early November while the prices of chicken had been sliding since middle of October.

In line with this decline, one can expect the earnings of poultry farms to be affected. Thus, it is advisable to take some profit on the poultry stocks.


 Chart 1: Chicken meat prices from Dec 2012 to Nov 2015 (Source: Dept of Veterinary Services)

 
 Chart 2: Chicken egg prices from Dec 2012 to Nov 2015 (Source: Dept of Veterinary Services)