TURKEY TRENDS

Farmer's Report

Turkey Trends - December 2, 2022

WHOLE FROZEN TURKEYs

Analysts report that the whole turkey market was unchanged this week. Analysts expect this market to trend flat in the near term, and have reported that the 2022 Cold Storage inventory was 31% lower year-over-year. Analysts are forecasting short supply for the remainder of 2022.

BONELESS, SKINLESS TURKEY BREASTS

The boneless, skinless turkey breast market declined this week. Analysts expect this market to trend higher in the near term, due to processors managing through short supply, and impacts from avian influenza and ongoing labor issues. Very limited spot loads of turkey breasts have been uncovered, and pricing has been at record highs, but is starting to recede, according to analysts.

The data contained in the Farmer’s Report is provided for informational purposes only, is not tailored to your specific purchasing needs, and is not intended as a substitute for any other publicly-available market data or information. The Farmer’s Report is compiled from the last-received market data provided by the United States Department of Agriculture (USDA) and/or other market sources, and is subject to change without notice. Nothing herein is the opinion of US Foods®. US Foods neither assumes any legal liability nor makes any warranty or guaranty, either express or implied, regarding the completeness, accuracy or usefulness of this information.