ANALYSIS: Turkey Cold Storage Continues Descent

Keeping in line with August's overarching theme, September's latest public warehouse holdings report reveals an ongoing tug-of-war between historically low production levels and seasonally tepid demand for key items like turkey breasts. The most recent inventory report brought with it a modest 1.4%, or 6 million pound, uptick in total holdings when compared with the year prior. Despite this slight advance from 2023, at 427 million pounds, September’s reading still resides at the fourth lowest seasonal level in nearly three decades; highlighting this year’s 3% year-over-year (YoY)... 

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