The calculations are tricky. Contracts to buy the baby turkeys called poults are often written a year in advance, and growing those poults to the proper size for the market takes months. Even if farmers wanted to raise smaller turkeys, it’s not that easy. Genetics, coupled with economically driven feed formulas, produce birds that mature at a predetermined size in a set amount of time.

“It’s not an industry in which you can quickly pivot,” said John Peterson, whose family has owned the 140-acre Ferndale Market in Cannon Falls, Minn., for 80 years. “For us to have any meaningful impact on changing anything for Thanksgiving, those decisions had to be made in March or April.”

Mr. Peterson is president of the turkey research and promotion council for Minnesota, the nation’s top turkey-producing state. About a quarter of the 160,000 turkeys he will grow this year will be sold for the

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TipRanks

Morgan Stanley Bets on These 3 Stocks; Sees Over 40% Upside

Did the stock market’s epic rally just need a little breather? The last few weeks have seen stocks experience their first meaningful correction since the bull market kicked off in March. Now, the question swirling around the Street is, will the rally pick back up again, or is more downside on the way?According to Morgan Stanley’s chief U.S. equity strategist Mike Wilson, uncertainty regarding the presidential election and stalemate on the next stimulus package could lead to declines in September and October. “On the correction, there’s still downside as markets digest the risk of congressional gridlock on the next fiscal deal. While we think something will ultimately get done, it will likely take another few weeks to get it over the goal line,” he noted.However, Wilson argues the recent volatility in no way signals the end of the

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Do your research, trust your gut, it’s going to be a lot of hard work, but in the end, it will be worth it. – Derin Oyekan

Derin Oyekan is co-founder and Chief Marketing Officer of Reel, an eco-friendly paper brand, offering bamboo toilet paper with a portion of the business supporting SOIL, a sanitation R&D non-profit in Haiti. Reel, co-founded with Livio Bisterzo, officially launched in the US in March 2019 and has sold over a million rolls of toilet paper, growing almost 1,000% year over year since launch.

At age 40, Oyekan has already made three career pivots: engineering to marketing to entrepreneurship. Oyekan has a Bachelor’s degree in electrical engineering, but never worked as an engineer, opting to start his career in Internet marketing. Oyekan held multiple growth marketing roles, taking brands from pre-revenue concepts to multimillion-dollar businesses. He then

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