ANALYSIS: Piecing together the turkey production puzzle

Now, perhaps more than ever before, turkey market participants are searching for a beacon to illuminate the road ahead. Up until this point, 2024 has proven to be a notably challenging year for marketers, particularly due to the seasonally subdued demand for whole-body turkeys and raw materials. In addition to the unpredictable buying patterns, supply-side indicators seem to raise more questions than answers.

Our chart illustrates that total inventory holdings continue to hover above the previous year’s levels. June’s 1.5% increase marks the nineteenth consecutive month of year-over-year (YoY)...

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