Research & Stock Picks

Company Reports

30 October 2024

By

SSI Surveillance: Poultry Mid-Week (30 October 2024)

  • In 23 - 28 Oct 2024, avg. broiler prices remained steady at ~IDR 21,931/kg (-0.0% WoW/+15.1% MoM/+14.2 YTD), while avg. DOC prices jumped to IDR 7,125 (+13.4% WoW/+2.3% MoM/+1.8 YTD), driven by the increase in demand for DOC to support the government’s free meal program.
  • For raw materials, domestic corn prices stayed flattish (-0.1% WoW), while SBM prices declined -1.0% WoW, averaging USD 313/t with YTD average of USD 343/t (YTD: -20.1%), primarily due to expectations of increased soybean supply following the record-breaking US soybean harvesting season.
  • Looking ahead, we anticipate positive margins across all segments from poultry players in 4Q24. In the sector, JPFA and MAIN appear to have the most attractive valuations, particularly on performance support as we anticipate voluntary culling and favourable government policies, including the free meal program, June-24 reduced price relaxation and 2024 lower GPS import quotas onwards.

Share This:

Download PDF

Download PDF

Poultry Weekly_30102024

Download PDF

Poultry Weekly_30102024

More Related

Economic Reports

Jul 13, 2025

Company Reports

Jul 11, 2025

Technical Stock Analysis

Jul 11, 2025

Morning Briefs

Jul 11, 2025

Technical Stock Analysis

Jul 10, 2025

Company Reports

Jul 10, 2025

Economic Reports

Jul 9, 2025

Technical Stock Analysis

Jul 9, 2025

Morning Briefs

Jul 9, 2025

Economic Reports

Jul 8, 2025

Company Reports

Jul 8, 2025

Technical Stock Analysis

Jul 8, 2025

Economic Reports

Jul 7, 2025

Morning Briefs

Jul 7, 2025

Technical Stock Analysis

Jul 7, 2025

Economic Reports

Jul 6, 2025

Technical Stock Analysis

Jul 4, 2025

Morning Briefs

Jul 4, 2025

Economic Reports

Jul 3, 2025

Technical Stock Analysis

Jul 3, 2025

Economic Reports

Jul 2, 2025

Technical Stock Analysis

Jul 2, 2025

Morning Briefs

Jul 2, 2025

Economic Reports

Jul 1, 2025

Economic Reports

Jul 1, 2025

Economic Reports

Jul 1, 2025

Technical Stock Analysis

Jul 1, 2025

Morning Briefs

Jul 1, 2025

Economic Reports

Jul 1, 2025

Technical Stock Analysis

Jun 30, 2025

Morning Briefs

Jun 30, 2025

Economic Reports

Jun 29, 2025

Technical Stock Analysis

Jun 26, 2025

Morning Briefs

Jun 26, 2025

Economic Reports

Jun 25, 2025

Technical Stock Analysis

Jun 25, 2025

Morning Briefs

Jun 25, 2025

Economic Reports

Jun 24, 2025

Technical Stock Analysis

Jun 24, 2025

Morning Briefs

Jun 24, 2025

Economic Reports

Jun 23, 2025

Technical Stock Analysis

Jun 23, 2025

Morning Briefs

Jun 23, 2025

Technical Stock Analysis

Jun 20, 2025

Morning Briefs

Jun 20, 2025

Economic Reports

Jun 19, 2025

Economic Reports

Jun 19, 2025

Technical Stock Analysis

Jun 19, 2025

Morning Briefs

Jun 19, 2025

Economic Reports

Jun 18, 2025

Economic Reports

Jun 18, 2025

Technical Stock Analysis

Jun 18, 2025

Economic Reports

Jun 17, 2025

Technical Stock Analysis

Jun 17, 2025

Morning Briefs

Jun 17, 2025

Economic Reports

Jun 16, 2025

Technical Stock Analysis

Jun 16, 2025

Morning Briefs

Jun 16, 2025

Technical Stock Analysis

Jun 13, 2025

Morning Briefs

Jun 13, 2025

Economic Reports

Jun 13, 2025

Technical Stock Analysis

Jun 12, 2025

Morning Briefs

Jun 12, 2025

Economic Reports

Jun 11, 2025

Technical Stock Analysis

Jun 11, 2025

Company Reports

Jun 11, 2025

Economic Reports

Jun 10, 2025

Technical Stock Analysis

Jun 10, 2025

Economic Reports

Jun 10, 2025

Technical Stock Analysis

Jun 5, 2025

Economic Reports

Jun 4, 2025

Technical Stock Analysis

Jun 4, 2025

Morning Briefs

Jun 4, 2025

Economic Reports

Jun 3, 2025

Company Reports

Jun 3, 2025

Technical Stock Analysis

Jun 3, 2025

Economic Reports

Jun 3, 2025

Economic Reports

Jun 2, 2025

Economic Reports

Jun 2, 2025

Economic Reports

Jun 2, 2025

Technical Stock Analysis

Jun 2, 2025

Morning Briefs

Jun 2, 2025

Economic Reports

Jun 1, 2025