Volatility in Livestock and Fishery Product Prices and Customer Credit Risk

「Pork carcass prices rose after supply and demand temporarily tightened from June onward due to extreme heat and other factors, but fell below the levels of the same period a year earlier from August onward as hog shipments recovered and supply and demand eased.」

「Pork carcass prices rose after supply and demand temporarily tightened from June onward due to extreme heat and other factors, but fell below the levels of the same period a year earlier from August onward as hog shipments recovered and supply and demand eased.」

「As for livestock commodity prices, pork prices rose sharply from June due to a decline in the number of pigs reaching market age, but fell below the average for the same period of the previous year from August onward as shipment volumes recovered. Egg prices remained significantly above the same period of the previous year from last autumn through the beginning of the year due to continuing supply shortages caused by the spread of avian influenza outbreaks across Japan.」

「Pork prices were above the level in the same period of the previous year because disease outbreaks, summer heat and other factors reduced shipment volumes. Egg prices remained soft in the first half of the period, but supply tightened from autumn onward due to avian influenza outbreaks and other factors, leaving prices in a high range.」

「As for livestock commodity prices, pork prices have remained above the same period of the previous year due to reduced shipment volumes caused by summer heat, together with the continued relative expensiveness of imported pork and a shift in demand toward domestic pork. Egg prices had remained below the same period of the previous year as supply recovered with the reopening of farms affected by avian influenza outbreaks across Japan from October 2022, but rose toward the latter half of the period due to lower production caused by prolonged heat and increased food-service demand, among other factors.」

「As for livestock products, pork prices had remained above the same period of the previous year because record heat and disease worsened growth performance and reduced shipment volumes, but shipment volumes recovered as temperatures fell from autumn onward, and prices from October onward remained below the same period of the previous year.」

「As for livestock products, pork prices had remained above the same period of the previous year because record heat and disease worsened growth performance and reduced shipment volumes, but shipment volumes recovered as temperatures fell from autumn onward, and prices from October onward remained below the same period of the previous year. Egg prices had remained above the same period of the previous year because supply declined due to avian influenza outbreaks across Japan from October 2022 and record heat, but supply has been trending upward due to the reopening of farms affected by avian influenza, and prices from November onward remained below the same period of the previous year. Beef prices remained below the same period of the previous year as rising prices heightened consumers' focus on protecting their household budgets, reducing demand for beef.」

「Among livestock products, pork prices remained above the same period of the previous year as record heat and disease worsened growth performance and reduced the number of pigs shipped. Egg prices also remained above the same period of the previous year because supplies declined due to avian influenza outbreaks across a wide area from October last year and the impact of record heat. Beef prices remained below the same period of the previous year because demand for beef declined as consumers became more focused on economizing amid rising prices, despite an increase in the number of cattle shipped.」

「As for livestock products, pork prices have remained above the same period of the previous year because consumers' continued focus on protecting their household budgets has shifted demand from beef to pork. Egg prices have remained above the same period of the previous year as supply shortages caused by avian influenza have continued. Beef prices have remained below the same period of the previous year, despite some recovery in demand.」

「As for livestock products, demand for domestic pork remains high due to lower domestic shipment volumes, the relative expensiveness of imported pork resulting from persistently high local prices, and instability caused by port strikes at North American loading ports, among other factors, and pork prices have remained above the same period of the previous year. Egg prices have remained significantly above the same period of the previous year because supply has declined as avian influenza continues to spread nationwide, while the number of laying hens has fallen due to soaring production costs. Beef prices have remained below the same period of the previous year as rising prices have further heightened consumers' focus on protecting their household budgets, reducing demand for beef.」

「As for livestock products, pork prices have remained above the same period of the previous year as domestic demand increased due to lower domestic shipment volumes and the relative expensiveness of imported pork. Egg prices have remained significantly above the same period of the previous year as supply declined due to avian influenza outbreaks across wide areas from late October, while the number of laying hens had already fallen because of soaring production costs. Beef prices have remained below the same period of the previous year as consumers have become more focused on protecting their household budgets amid rising prices, reducing demand for beef.」

「As for livestock products, pork prices have remained in a historically high range above the same period of the previous year, as demand for domestic pork increased due to lower domestic shipment volumes, higher local prices for imported pork and the resulting relative expensiveness of imported pork, together with the depreciation of the yen. Egg prices are below the level in the same period of the previous year, when they rose sharply due to avian influenza, but remain high as supply has declined due to a reduction in the number of laying hens amid rising production costs. Beef prices were expected to benefit from a recovery in consumption following the lifting of movement restrictions, but demand has declined as consumers have become more focused on protecting their household budgets, and prices have remained below the same period of the previous year.」

「As for livestock products, pork prices rose to a level in May higher than two years earlier, when stay-at-home demand surged during the COVID-19 pandemic, due to increased demand for domestic pork following a rise in local prices for imported pork and the depreciation of the yen. They have continued to trade at high levels above the previous year. Egg prices have remained high, although below the price in the same period of the previous year, as supply has continued to trend lower due to production curbs amid rising production costs. Beef prices have remained below the same period of the previous year, despite some recovery in demand.」

「As for livestock products, pork prices remained firm due to a shortage of shipments and solid household demand, although they softened somewhat toward the latter half of the period, and remained above the same period of the previous year. Egg prices remained high and significantly above the same period of the previous year in the first half of the period because supply declined due to avian influenza outbreaks across Japan, but fell from January onward as supply stabilized, moving below the same period of the previous year. Beef prices declined significantly due to weaker consumption, then gradually recovered and moved above the same period of the previous year.」

「As for livestock products, pork prices declined from the same period of the previous year because shipment volumes remained high. Egg prices remained high and above the same period of the previous year because supply had declined due to avian influenza outbreaks across Japan. Beef prices declined significantly due to weaker consumption, then gradually recovered and moved above the same period of the previous year.」

「As for livestock products, pork prices declined from the same period of the previous year because shipment volumes remained relatively high. Egg prices remained high and above the same period of the previous year because supply had declined due to avian influenza outbreaks across Japan. Beef prices declined significantly due to weaker consumption and a sharp drop in inbound demand, then gradually recovered and moved above the same period of the previous year.」

「As for livestock products, pork prices surged in the same period of the previous year due in part to increased household consumption demand and continued to rise through June, partly because shipment volumes remained low during the current quarter. Egg prices remained high and above the same period of the previous year because supply declined due to outbreaks of avian influenza across Japan. Beef prices had declined significantly due to weaker consumption and a sharp drop in inbound demand, but gradually recovered and moved above the same period of the previous year.」

「As for livestock products, pork prices were significantly higher than in the same period of the previous year due in part to increased demand for domestic pork from stay-at-home consumption. Egg prices also recovered at the beginning of the period, as did pork prices, but declined significantly from May onward due to the loss of inbound demand and increased supply. Beef prices declined significantly from the same period of the previous year due to weaker consumption and a sharp drop in inbound demand.」

「As for livestock products, pork prices remained above the same period of the previous year due in part to increased demand for domestic pork for household consumption. Egg prices continued to decline from May onward due to increased production and were significantly lower than in the previous year. Beef prices also declined significantly from the same period of the previous year due to weaker consumption and a sharp drop in inbound demand.」

「As for livestock products, pork prices remained above the same period of the previous year due to increased household demand and other factors. Egg prices rose sharply in April, but declined from May onward due to overproduction, bringing them roughly in line with the same period of the previous year. Meanwhile, beef prices have declined significantly from the same period of the previous year due to weaker consumption and a sharp drop in inbound demand.」

「As for livestock products, supply and demand tightened due to a decline in pork shipments resulting from CSF (classical swine fever) and disruptions to egg shipments caused by typhoon damage in the Kanto region, driving pork and egg prices higher toward year-end. Meanwhile, beef prices have tended to decline since the beginning of the year due to reduced consumption and other factors resulting from the impact of COVID-19.」

「As for livestock products, supply and demand tightened toward the latter half of the period due to a decline in pork shipments resulting from CSF (classical swine fever) and disruptions to egg shipments caused by typhoon damage in the Kanto region, driving both pork and egg prices higher. Beef prices continued to trend high.」

「As for livestock products, pork prices remained firm, supported by solid demand. Egg prices had remained low, but in September, typhoon damage in the Kanto region disrupted egg shipments, tightening supply and demand and driving prices higher. Wagyu beef prices have tended to remain below the previous year, while prices for crossbred beef have continued to trend high.」

「Among livestock products, pork prices rose as the number of pigs shipped declined and for other reasons. Meanwhile, egg prices declined as production remained firm while demand stabilized. Beef prices continued to trend high.」

「Among livestock products, pork and egg prices declined substantially due to easing supply and demand conditions resulting from increased domestic production and other factors. Meanwhile, beef prices continued to remain high.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「As product sales are significantly affected by market prices, a substantial decline in market prices could adversely affect net sales and profit.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「In addition, the customers for compound feed, our group's main product, are livestock and fisheries producers. Their deteriorating financial condition due to an extreme slump in product prices could create problems in collecting receivables.」

「Livestock product prices generally fluctuate in response to supply and demand and rise or fall independently of production costs. As product sales are significantly affected by market prices, a substantial decline in market prices could adversely affect net sales and profit.」