CoBank: Higher-Priced Turkeys on the Holiday Menu

A new analysis from CoBank suggests consumers will see smaller and higher-priced turkeys this Thanksgiving season. After grappling with staff shortages, plant closures, and supply issues, the turkey industry has been hit by yet another problem in 2022: the worst Highly Pathogenic Avian Influenza outbreak in U.S. history.

HPAI leads to the depopulation of birds, but is also impacting turkey size. The average slaughter weight is below the three-year average. However, there will be a sufficient number of birds.

Turkeys will be available, but they will be more expensive and probably a bit smaller than what home chefs are used to. Seasonal cold storage whole bird inventory volumes are at their lowest level since 2006.

Wholesale, frozen turkeys are currently selling in the $1.70 per pound range, about 30 percent higher than last year. Fresh, boneless breast meat is trading at $6.50 per pound, a 350 percent increase versus last fall.

Related articles

Thursday and Friday, November 24th and 25th, 2022 Programs

***No video interviews for our holiday programs on Thursday and Friday. Markets were open for a shortened session on Friday as well. Below are links to our Thursday and Friday episodes with various interviews...

Biden Wants Rail Unions, Freight Railroads to Settle Contract Dispute Themselves

President Biden wants rail unions and freight railroads to resolve their long-running contract dispute themselves, without saying publicly if he’ll intervene or ask Congress to do so, barring an agreement. Biden Press Secretary Karine Jean-Pierre...

Wednesday, November 23rd, 2022 Video and Audio Program

Overall, trade on Wednesday was fairly quiet headed into the Thanksgiving holiday. We did find some late buying interest in grains on the session and in turn, slipped lower in cattle and hogs on...

Farm State Senators Vent Over High Diesel Prices 

High input prices helped fuel debate over the next farm bill at a recent Senate Ag Committee hearing. High diesel prices mean high food prices, as farmers and truckers struggle to pay an average...

USDA Invites Producers to Respond Online to the 2022 Census of Agriculture

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. The ag census is the nation’s only comprehensive and impartial...

Latest articles

%d bloggers like this: