Fresh turkey prices at major UK supermarkets were down 5.4% year on year in the week ending November 9, while frozen turkey prices were up 5.2%. Retailers are competing aggressively on fresh turkey prices even as wholesale prices and producers’ costs have risen.
Retail price discounting pressures turkey returns despite higher production costs, while increased feed and energy expenses raise cost pressure for producers. The story concerns retail turkey prices rather than a direct change in feed demand.
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.