USDA data show US turkey production is recovering, with 198.5 million birds raised in 2026, up about 3% from 2025, the first increase since 2023. Stronger domestic and export demand and lower cold storage stocks have improved grower returns, though disease and higher feed costs remain risks.
Rising turkey output adds modest feed demand for corn and soybean meal, while higher feed costs could pressure growers into 2027.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.