Your Thanksgiving turkey will likely be expensive again this year
It is never too early to start thinking about the holidays, right? Especially when what is happening now in agriculture production will impact supply and prices later this year. So, let’s talk turkey. Avian Influenza took out 5.5 million Thanksgiving birds. While USDA does not think that will have a major impact on supply in November, it will likely drive up prices.
“Strong demand, strong prices. We’ve increased our price forecast for 2022 by $0.57 per pound,” says USDA Outlook Board Chairman Mark Jekanowski.
The USDA is hoping that a price increase will incentivize producers to ramp up production for the holidays.