
U.S. turkey production is recovering, with the number of birds marketed up about 3% and total production up nearly 6% as average bird weights increase. Late-October wholesale prices averaged $1.80 per pound versus $1.69 a year earlier, while early-November retail prices were $1.26 per pound compared with $1.03 last year; recent avian-influenza outbreaks have not significantly affected holiday supply.
Recovering production supports ample Thanksgiving availability and limits wholesale price pressure, although retail prices remain higher year over year. More store promotions may temper retail prices as retailers compete for shoppers.
Not 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.