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Industry News & Trends / Business & Markets / Turkey Production / North America
on May 21, 2021

High feed costs hurt Jennie-O Turkey Store performance

Net sales were up 2%, but the profit was down 54%

Jennie-O Turkey Store saw its profits decrease 54% for the second quarter of fiscal year 2021, largely due to high feed costs.

The segment profit for the quarter was $12.7 million, down from year-ago levels of $27.3 million.

Volume was down 3%, but the net sales were up 2% for…

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