Columbus, Ohio – The price tag for last minute Halloween candy may be on the minds of many, but people may want to start budgeting for a more expensive bird when they give thanks for it.
What do you need to know
- In this week’s Aag Report, broadcaster and reporter Chuck Ringwald and agronomist Andy Vance discuss turkey price increases before giving thanks.
- The national average price of turkeys has increased by 21 cents per pound over the previous year.
- Each week, Ringwald and Vance discuss a topic of importance in agriculture.
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“This is a small increase,” said agricultural expert Andy Vance. “When you look at the national average wholesale price for whole turkeys, that’s it. $ 1.35 per pound. Last year it was $ 1.14 a pound at this time and is above the five-year average of $ 1.06. “
While chicken is generally cheaper than other meats like beef and pork, some cuts can be more expensive, Vance said.
“The wholesale price for boneless, skinless turkey breast is a bit high,” he said. “If you want to take the breast instead of the whole turkey, that’s it $ 3.45 a pound. That’s where we saw the biggest increase now, from $ 1.80 a pound last year. “
Vance said supply chain disruptions and fewer turkeys were the main reason for the price increase.
“Throughout the epidemic, we can talk about the same supply and demand story that we are actually following,” he said. “The supply chain problems caused by the epidemic have been escalating for 18 months and still apply, but the big problem is obviously that manufacturers are producing fewer turkeys. They are responding to market incentives. You also buy turkey ”.
Vance said the trend is likely to continue through the Christmas holidays.
You can find USDA figures related to turkeys Here.
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