20141126 BH Report: Turkey (poultry)
13
BH Report: Turkey (poultry) 2014/11/26
description
20141126 BH Report: Turkey (poultry)
Transcript of 20141126 BH Report: Turkey (poultry)
BH Report: Turkey (poultry) 2014/11/26
Context
Ben Franklin was apparently quite fond of the idea of having turkey as the national symbol, as
opposed to the bald eagle...
• "I am on this account not displeased that the Figure is not known as a Bald Eagle, but looks
more like a Turkey. For the Truth the Turkey is in Comparison a much more respectable Bird,
and withal a true original Native of America... He is besides, though a little vain & silly, a Bird of
Courage, and would not hesitate to attack a Grenadier of the British Guards who should
presume to invade his Farm Yard with a red Coat on" – Benjamin Franklin
Thanksgiving is definitely one of my most favorite holidays, but I also eat turkey sandwiches
throughout the year. This was definitely something I got accustomed to after coming to the US.
Honestly, I didn't even know what turkey was until I came to the US
In this report, I tried to explore the following:
• How has global turkey consumption changed over time?
• What is the positioning of US in the global market?
• Where is turkey produced?
• How does turkey compare with other meats (beef, pork, chicken)?
Global statistics
Global turkey consumption has virtually remained flat in the last 10 years
0.0
1.0
2.0
3.0
4.0
5.0
6.0
20
07
2
00
6
20
05
2
00
4
20
03
Global turkey consumption (million tonnes)
20
11
-0.4% +0.5%
+3.3%
+5.0%
+6.5%
19
76
1
97
5
19
74
1
97
3
19
72
1
97
1
19
70
1
96
9
19
68
1
96
7
19
66
1
96
5
19
64
19
89
1
98
8
19
87
1
98
6
19
85
1
98
4
19
83
1
98
2
19
81
1
98
0
19
79
1
97
8
19
77
19
63
1
96
2
19
61
1
96
0
+8.3%
20
14
2
01
3
20
12
20
10
2
00
9
20
08
20
02
2
00
1
20
00
1
99
9
19
98
1
99
7
19
96
1
99
5
19
94
1
99
3
19
92
1
99
1
19
90
Source: US Department of Agriculture Foreign Agricultural Services
US is the largest producer, consumer and exporter
4649
3736
79
7
60
40
80
100
20
0
Other
Canada
Consumption
4,937
Brazil
3
Production
5,288
3 2
USA
EU
%
57
21
19
40
80
20
0
60
100 4
Brazil
Other
Canada
USA
647
EU
0
%
Export
23
10
60
Import
647
4 3
Mexico
EU
South Africa
China
Other/unkown
Production and Consumption Export and Import
Source: US Department of Agriculture Foreign Agricultural Services
Largest
importer of US
turkey (~50%
share)
Americans consume most turkey on per capita basis (~10x compared to the global average)
800 600 400 200
8
2
0
4
3
1
0
7
6
1,200 1,000
5
Mexico
1.7
Brazil
Global average (0.7kg per person)
Population (million)
4.3
7.1
USA
3.6
Turkey consumption per capita (2014, kg per person)
EU Canada
1.3
~10x
Source: US Department of Agriculture Foreign Agricultural Services; WroldBank
However, it is still smaller part of American diet compared to
Chicken (44kg p.c.), Beef (35kg p.c.) and Pork (27kg p.c.)
US statistics
10 states produce ~80% of turkeys in the US... (mostly in the East)
OR
MT
ID
WY
CA
NV
UT CO
AZ NM
TX
OK
KS
NE
SD
WA
ND MN
IA
MO
AR
WI
IL
MI
IN OH
PA
NY
KY
WV
TN
VA
NC
SC
MS AL GA
FL
ME
DE
NJ
VT
NH
MA
RI
MD
DC
CT
LA
Source: National Turkey Federation
States protruding >10% of turkeys in the US
States protruding 2-10% of turkeys in the US
... Corresponding mostly with the wild turkey population
Source: The Wild Turkey Zone
US turkey export dramatically increased after 90's, while domestic consumption remained flat-ish
0.0
0.5
1.0
1.5
2.0
2.5
3.0
0
5
10
15
20
25
30
19
72
1
97
1
19
70
1
96
9
19
68
1
96
7
19
66
1
96
5
19
64
19
62
1
96
1
19
60
+4.0%
20
14
+0.5% +0.6%
+1.9%
+6.0%
+3.8%
US turkey consumption & export (million tonnes) %
19
63
19
73
20
07
20
12
20
10
2
00
9
20
00
20
08
20
11
19
90
20
13
20
04
2
00
3
20
01
2
00
2
19
99
20
05
2
00
6
19
89
19
92
19
83
19
94
1
99
5
19
91
19
84
19
87
19
96
19
88
19
93
19
86
19
97
19
85
19
98
19
82
1
98
1
19
80
1
97
9
19
78
1
97
7
19
76
1
97
5
19
74
% Export Export Consumption
Source: US Department of Agriculture Foreign Agricultural Services
Likely driven by NAFTA (North America Free Trade Agreement) in
early 90's which drove increased export to Canada/Mexico
Turkey consumption grew fast in lat 80's along with the maturing of large scale production...
0
2
4
6
8
101
96
8
20
10
19
62
20
11
19
66
19
72
19
64
19
80
19
84
19
74
19
76
19
82
19
78
20
13
19
90
19
70
19
60
20
00
19
86
19
88
19
92
19
94
19
96
19
98
20
02
20
04
20
06
20
08
20
12
20
14
19
63
19
61
19
65
19
67
19
69
19
71
19
73
19
75
19
77
19
79
19
81
19
83
19
85
19
87
19
89
19
91
19
93
19
95
19
97
19
99
20
01
20
03
20
05
20
07
20
09
American turkey consumption per person (kg per person)
+2.6%
-0.5%
+7.8%
.... but it has been declining over the last 25 years
Source: US Department of Agriculture Foreign Agricultural Services
Not as successful as chicken in gaining popularity as the choice of meat, but still better off than beef and pork
3 7
12 14 16 1620
23
28 30 33 36 37 39
39 32 3125
31 27
2626
2423 24
24
50 5055
44 4539 37 36 34 33 31
644 666754
46
40.0
60.0
80.0
0.0
20.0
100.0
Chicken
Turkey 3
% share of American consumption of proteins (Pork, Beef, Chicken and Turkey)
1960 2005 2010 2014
Pork
1965 1975
Beef
1985 1990 1995 2000 1980 1970
Source: US Department of Agriculture Foreign Agricultural Services
Disclaimer
This document is provided for general information only and nothing contained in the material constitutes a recommendation for the purchase or sale of any security. Although the statements of fact in this report are obtained from sources that I consider reliable, I do not guarantee their accuracy and any such information may be incomplete or condensed. Views are subject to change on the basis of additional or new research, new facts or developments.
