ANALYSIS: Turkey Cold Storage: Less Than What Meets the Eye
The recently released October 31 Cold Storage Report paints a familiar seasonal picture to much of the turkey complex. At the same time, the latest data illuminates the stark contrast between this year's inventory levels and the record lows realized back in 2022.
October’s closing tally reveals a total of 319.7 million pounds of turkey in public warehouses. When pitted against last year, frozen stocks rose by just shy of 13%. Conversely, outward monthly movement kept closely in line with seasonal expectations, dropping 24.1% below...
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