Consumer Price Index
Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
Beef demand could be influencing other economic sectors, as consumers adjust spending habits to prioritize higher-priced beef products.
AFBF Economist Bearnt Nelson joins us with insights into current turkey flock sizes, HPAI concerns, and production impacts on holiday demand.
“It, all of a sudden, says that tracking and fighting hunger is not a priority, apparently, at the federal level.”
Despite global improvement, food insecurity remains deeply concentrated in vulnerable regions.
Farmers may benefit from higher turkey prices this holiday season, but risks from HPAI and limited poult placements could further strain the supply.
According to the most recent version of the Household Food Security Report for 2022-2023, food insecurity is on the rise in the U.S.
For rural communities, this shift could mean new housing options for farmworkers and young families priced out of metro markets.