ANALYSIS: Whole Turkeys Caught In Downdraft
As we turn the corner to the second half of Q3, turkey market participants have begun to take a good hard look at whole-body birds and it’s easy to see why.
So far this month, 10lb. hens, for example, shed 4% of their value which equates to a $0.06/lb. reduction. While this number might seem relatively inconsequential on its own, it does stand out like a sore thumb when compared with the seasonally established trend.
For perspective, over the past decade, frozen birds have realized an average 2% increase in valuE...
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