ANALYSIS: Whole Turkeys: A Contra-Seasonal Quandary
Given the recent and uncharacteristic price correction of whole-body turkeys, we thought it would be a timely opportunity to dig a little deeper into this emerging scenario and provide some historical perspective.
Following a 6-month stint at record-setting price points, the whole turkey complex posted a $0.02/lb. reduction in value on Tuesday, May 16th. This situation has raised a couple of eyebrows, and understandably so.
Over the past three decades, whole-body bird quotations have averaged a 2% advance per month throughout Q2. Furthermore, 2023’s cumulative headcount...
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