ANALYSIS: Slowing Demand and Brazilian Competition Reshape US Turkey TradeTotal exports of US turkey in April were down 5.6% year-over-year (YOY) and 10.9% month-over-month (MOM), notably steeper than the 5-year average MOM decline of 4.0% for the same period. Overall volumes came in approximately 19.4% below the 5-year April average, underscoring the breadth of current demand headwinds.
Mexico, the dominant destination for US turkey exports, was the primary driver of the decline, falling 12.5% YOY and 15.7% MOM, well below the...
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