ANALYSIS: Navigating Uncertain Terrain in a Dynamic Turkey Market

Although the turkey trade environment is off to a relatively quiet start here in February, there is no shortage of factors which are capturing the attention and consideration of market participants. In addition to the ongoing uncertainty surrounding disease and its impact on both supply and export throughput, feed costs remain top of mind for those on the grow out side of the business.

As our chart illustrates, the average value of Omaha No.2 yellow corn, a key component in poultry feed, stood at $4.64/bushel in January...

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