ANALYSIS: Ice-Pick: July Turkey Cold Storage
Total turkey cold storage holdings through the end of July were up 4.7% year-over-year (YoY), and 3.3% month-over-month (MoM). A cursory glance at these figures might lead one to surmise that demand for turkey is becoming less and less active. However, these values don't necessarily tell the complete story. Sure, total frozen inventory of turkey is up when compared to the previous year, but it is the fourth lowest value since 1995, and follows 2021, 2022, and 2023, which brought with them three of the...
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