ANALYSIS: Tight Turkey Supplies Persist as Cold Storage Falls to 359.8 Million Pounds
Total cold storage of turkey meat is down 4.5% year-over-year (YOY), hitting a new seasonal record low of 359.8 million pounds. This is an 8.5% decline from August of this year, which closely follows the 5-year average month-over-month (MOM) decrease of 6.4%. Supplies remain tight across the industry, but the different trends in cold storage across lines show the changes in demand patterns.
Frozen inventories of whole birds fell 10.7% YOY. Like with total holdings, September’s...
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