Bird Flu Will Hit Turkey Supplies for Jennie-O Turkey This Summer
- Sales volumes will decline about 30% in the second half: CFO
- Parent Hormel narrowed its earnings forecast for the full year
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Bird flu is slamming the US turkey market just in time for burger season.
Starting in the third quarter, there will be “large supply gaps” for Jennie-O branded turkey products, parent company Hormel Foods Corp. warned Thursday as it reported second-quarter results. The shortages anticipated in the coming months come as one of the worst-ever avian influenza outbreaks wipes out flocks across the US Midwest.