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Turkey prices this fall are expected to gain seasonally as consumer demand increases and prices will probably average in the low to mid SO’s. Retail prices for medium-sized frozen turkeys during the holiday season will likely average slightly above last year.
With a total of 8.7 million birds this year, Virginia is raising the largest number of birds on record, which would indicate an ample supply for the coming holidays.
National turkey output through lune 1977 was the same as in 1976. Fewer birds were marketed, but weights were heavier.
Declining feed prices and stronger market prices for turkeys this summer and fall will most likely lead to larger production of poults than a year earlier for marketing during the first half of 1978.
Production costs for poultry have declined from the high spring levels because of declines in corn and soybean meal prices. Current production costs of turkeys are below year-earlier levels and likely will remain below throughout the balance of 1977 and into 1978. The lower cost of feed ingredients will more than offset the rise
90.9%