ANALYSIS: Turkey Poult Placements Signal Ongoing Production Slump
At the risk of overstating the obvious, turkey market conditions have been anything but “routine” over the past several years.
Expectations of another major disease outbreak, or the lack thereof, have market participants struggling to generate an accurate gauge on forward-facing supply expectations and spot valuation. With this in mind, the latest round of hatchery figures provides some clarity as to what future production might look like a little further down the road.
As illustrated by this week’s chart, the most recent poult placement figures through the tail end of April...
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