U.S. turkey production has recovered from last year’s decline, with about 3% more birds marketed and total pounds up nearly 6% year over year. Avian flu has affected roughly 900,000 birds since September, but losses are not expected to reduce holiday supplies, and retailers are advertising more promotions than last year.
Higher production and adequate holiday availability limit upward price pressure despite higher wholesale prices and some avian-flu losses. The supply rebound is bearish for turkey prices relative to a tighter-market scenario.
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.