ANALYSIS: Turkey Inventories Conclude Q2 Under Choppy Backdrop
Summertime market conditions rarely bring with them a sense of directional clarity for the turkey market and 2023 is no exception. This time around, even the bellwether lines such as breast meat, are struggling to fall into the seasonal groove. One of the more noteworthy supply-side metrics to surface recently is June’s Cold Storage Report, which brought a 6.3%, or 25.98-million-pound, year-over-year (YoY) advance in total turkey inventory levels.
Inward volume also notched upward from May by 8.9%, which equates to a 35.65-million-pound rise against...
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