ANALYSIS: Turkey Cold Storage Hits Record Lows Amid Active Demand and Production Challenges
The total volume of turkey in cold storage continues to set new seasonal lows on a month-by-month basis. The overall frozen inventory was 15.8% below year-ago levels, speaking to the combination of robust demand and limited production that the market currently faces. Yet, even with the lower year-over-year (YOY) values, the change from May to June was almost identical to the 5-year average month-over-month (MOM) change. This was largely driven...
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