Americans consume a lot of turkey every Thanksgiving.
So much so that producers spend the whole year building up stocks to meet robust demand every November.
Since 2010, turkey meat production has averaged just under 500 million pounds per month.
While that’s enough turkey to meet the needs of consumers during an average month, it is not enough to cover Thanksgiving demand.
In order to make up for this deficit, producers build up stocks in cold storage throughout the year in order to sell them when November comes around.
Turkey stocks reach a low point each year after November and then begin building back up throughout the following year, reaching a high point around September just in time to begin the process all over again.
The process also helps explain the gap in prices between fresh and frozen turkeys at the grocery store.
Since demand is met, in part, by frozen product built up throughout the year, only a limited portion can be bought fresh leading to a premium at the checkout line.
ProAg Participates in Automatic Prevented Planting Top-Up PaymentsSeptember 26, 2019
RMA FAQ | Prevented Planting Disaster PaymentsOctober 5, 2019
PM-19-048 WFRP Plan of Insurance Modifications for 2020August 30, 2019
Strong Claims Response Helps Farmers Deal with Tough SpringSeptember 4, 2019
USDA Resources Available for Farmers Hurt by 2018-2019 DisastersSeptember 9, 2019