Recent numbers from USDA have shown an increase in production and prices for most meats, but turkey has been an exception.
“Virtually unchanged forecast for turkey production this month and with turkey seeing a persistent poor demand outlook for turkey, unfortunately, and those prices have been under pressure as a result, year over year, turkey prices were looking at 2024 compared to 2023, down by about 35.8 cents per pound,” said Mark Jekanowski.
For comparison, the Outlook Board has both steer and hog prices up by more than $2 per pound this month. Total meat exports are doing well, up from last month thanks to higher demand for pork. Jekanowski says that is because of an increase in competition with the EU in several export markets.
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