“The bottom line is you’re going to be paying more for your Thanksgiving turkey.”
Protein sector analyst Courtney Schmidt, Wells Fargo. Due to widespread bird flu, about 14 percent of U.S. turkeys have died; this, along with ongoing inflation, is causing turkey prices to increase ahead of the holidays.
oct 27, 2022
Why It Matters: Bird flu “outbreaks in the spring and an uptick in cases in the fall are taking a toll," American Farm Bureau Federation President Zippy Duvall explained. Inflation has added to rising turkey prices as farmers pay more for fertilizer, feed, labor, etc. The average whole frozen turkey costs $1.46 per pound, compared to $1.15 this time last year (U.S. Department of Agriculture).
Turkeys will cost more because 6 million of them died during bird flu outbreak (The Washington Post)