ANALYSIS: Whole Turkey Supply Restrictions Drive Prices to Historic $1.86/lb. Peak
A new record high has been set for the 16 lbs. frozen whole tom assessment at $1.86/lb. The fact that this new high has been reached so early in the year speaks volumes about the current supply situation and what buyers are willing to do to secure production.
Year-to-date (YTD) turkey headcount is up 3.0% year-over-year (YOY), yet whole turkeys are even more difficult to uncover this year than they were last year. This is because a far greater percentage of production is being funneled into the production of parts...
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