ANALYSIS: Assessing January's Freeze in Latest Turkey Cold Storage Report
While day-to-day spot market developments have been fairly limited here in late February, turkey market participants still have plenty on their minds. In addition to the ongoing threat of disease and its impact on production and export throughput, the recently released Cold Storage Report has raised a couple of eyebrows. The latest reading through the end of January brought with it a 4%, or 12.5 million pound, year-over-year (YoY) uptick in total warehouse inventories. Coming in at 302.1 million pounds, January’s closing tally hit the highest...
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