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US turkey farms are raising prices as production costs climb, with DiPaola Turkey Farms in New Jersey adding 30 cents per pound. Wholesale turkey prices nationally are up 12% this year, according to Fox Business.
The farm says corn and soybean feed costs are 10 to 12 percent higher.
Higher corn and soybean meal costs are feeding into turkey production expenses, which supports turkey prices and signals firmer feed demand from poultry producers ahead of the holiday season.
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.