The turkey market, like all of the other protein markets, is much higher in 2021. Year to Date, turkey production is down 6-7% over last year. The demand for whole turkeys and turkey parts is higher than normal with more consumers eating at home, having smaller gatherings. The demand for turkey breasts from processors, like Boar’s Head, is also higher.
There are also disruptions in each link of the supply chain caused by labor challenges. These factors have significantly reduced turkey inventories and have made the overall demand for turkeys exceed the ability of producers to satisfy the demand. Add in increased cost for feed, processing and transportation and you have higher prices.