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ANALYSIS: Cold Storage Showcases Tug-of-War Between Supplies and Demand in Turkey for August

August’s cold storage report really showcases the tug-of-war between short supplies and unseasonal demand patterns within the turkey market. Turkey headcount has gradually been decreasing since at least 2001. This year, turkey slaughter is at the lowest level recorded with a year-to-date (YTD) value of 13.2 million head. This represents an -8.5% reduction from the 5-year average, and about a -17.7% drop from the all-time average. Despite the fairly dramatic reduction in the...

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