A cost analyst told 7News that turkey prices are up about 8% ahead of Thanksgiving, with Thanksgiving dinner costs rising. He attributed the increase to a smaller flock following bird flu and to higher diesel and cold-storage energy costs linked to the war in Iran.
A smaller turkey flock and higher energy costs for refrigerated storage and trucking push up turkey prices, a poultry feed input signal for turkey producers. The effect on feed demand is modest, so price impact on feed commodities is limited.
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.