ANALYSIS: A Turkey Supply Conundrum

Given the relatively stagnant, if not seasonally, subdued state of the turkey market lately, buyers and sellers are searching high and low for direction. While supply-side indications certainly tell an interesting story, they seem to bring more questions than they do answers. As has been the case for the past seventeen months, total cold storage holdings have trekked higher on a year-over-year (YoY) basis.

The latest reading through the end of April was no exception; notching higher by 6.15%. Coming in at 390.6 million pounds, total warehouse... 

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