US wholesale turkey prices are reported up 12% this year, and a New Jersey farm is raising its prices as production expenses increase. The farm owner cited corn and soybean feed costs up 10% to 12%, alongside higher fuel and other input costs.
Higher feed costs raise poultry production expenses and can support turkey prices if producers pass them on to buyers. The reported increase in corn and soybean costs is also relevant to feed buyers, though it does not establish a broader grain-market supply shock.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.