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WATTPoultry reports the 22 largest US turkey producers increased live turkey output by 2.24 percent in 2017 to 7.433 billion pounds. Eight of 14 companies surveyed plan to cut 2018 production by a combined 33 million pounds amid oversupply.
Planned turkey output cuts modestly reduce future feed demand from the turkey sector. The effect on grain and meal prices is small.
wattagnet.comAustin AlonzoMar 5, 2018Not 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.
