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Turkey prices are at record highs ahead of Thanksgiving as bird flu culls wipe out supplies in the US heartland. Turkey hen prices are nearly 30% above a year earlier and 80% above pre-pandemic levels.
Whole turkey inventories are the lowest going into the winter holiday season since 2006.
Low turkey inventories and high prices reflect a tight poultry protein supply that can sustain high prices through the holiday season. Avian flu culls are also reducing flock sizes that drive demand for feed.
bloomberg.comSep 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
