December 11, 2012

USDA announces turkey products purchase

Marketing and Regulatory Programs Under Secretary Edward Avalos has announced USDA’s intent to purchase up to $35 million of turkey products for federal food nutrition assistance programs, including food banks. The turkey industry consists of vertically integrated companies that produce, process, and market turkeys and turkey products. Producers have been profitable with current whole turkey prices but may be close to break even or below in the fourth quarter if feed prices remain equal to current December futures prices. However, producers who primarily produce turkey parts and processed products find costs of production above selling price for their products.

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