It s Not Just Inflation Avian Flu Will Pump Up Prices Of Thanksgiving Turkeys Tripledotters - Facebook HEAD TOPICS

It s Not Just Inflation Avian Flu Will Pump Up Prices Of Thanksgiving Turkeys

10/22/2022 9:00:00 PM

Sky-high inflation and a persistent outbreak of the viral avian flu is driving up the costs to produce turkey this year while threatening the supply

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Forbes

Sky-high inflation and a persistent outbreak of the viral avian flu is driving up the costs to produce turkey this year while threatening the supply Sky-high inflation and a persistent outbreak of the viral avian flu is driving up the costs to produce turkey this year while threatening the supply n Meeker County, Minnesota, at the end of August, 180,000 turkeys infected with avian flu had to be killed.This year, the flu has killed 44 million birds, including 4.5 million turkeys, or 2.5% of U.S. turkey production. Coupled with the highest inflation in 40 years, which has hit the meat case at double the rate of other consumer products due to higher feed prices and more expensive fuel, analysts predict Thanksgiving will cost more this year because of the flu-diminished turkey supply. Read more:
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President Joe Biden said Friday that while he has not made a formal decision about running for reelection in 2024, it is his 'intention' to do so. Read more >> Orionid meteor shower from Halley's Comet to light up sky: How to watchOne of nature's most anticipated light shows is set to peak as debris and dust trails from Halley's Comet scatter across the night sky. Orionid meteor shower from Halley's Comet to light up sky: How to watchOne of nature's most anticipated light shows is set to peak as debris and dust trails from Halley's Comet scatter across the night sky. Tremaine Emory’s Denim Tears Teams With Sky High Farm Workwear on CapsuleTremaine Emory’s new collection is inspired by the food he ate grew up eating in Jamaica, Queens. NASA's NEOWISE Telescope Has Taken a 12-Year Timelapse of the Entire SkyNASA’s NEOWISE spacecraft captures images in all directions as it circles the Sun. Using these images, scientists have created a timelapse movie of the sky that spans more than a decade. Meteor shower peaks this week: Best places, times to see OrionidsHere's a chance to catch some shooting stars. 🌠 Details at the link: Spotlight On Schutz Shoes: Everyone's Buying These 5 Head-Turning Pairs Under $160 - E! OnlineFrom sky-high platforms to work-friendly flats, Schutz Shoes infuse every outfit with irrepressible style. My girls wear heels every night. Never seen these. Lovely foot wears Sky-high inflation and a persistent outbreak of the viral avian flu is driving up the costs to produce turkey this year while threatening the supply .One of nature's most anticipated light shows is set to climax this week as space debris and dust trails from the famous Halley's Comet scatter across the night sky.One of nature's most anticipated light shows is set to climax this week as space debris and dust trails from the famous Halley's Comet scatter across the night sky.fashion collection. I n Meeker County, Minnesota, at the end of August, 180,000 turkeys infected with avian flu had to be killed. Farmers were raising the birds for Hormel’s Jennie-O brand, the country’s second-biggest turkey supplier.m. The outbreak in the rural community, 70 miles west of Minneapolis, is still ravaging flocks. ET on Friday, Oct. “We’ve worked really hard,” Hormel CEO Jim Snee said during the company’s September 1 earnings call. 21, but will be best observed earlier in that time zone, between the hours of midnight and dawn. “But, clearly, this is still an issue.  Related Galleries. ” This year, the flu has killed 44 million birds, including 4. As the meteor shower peaks, the moon will be approaching a slim waning crescent and will no longer be bright enough to obscure the view of the meteors. As the meteor shower peaks, the moon will be approaching a slim waning crescent and will no longer be bright enough to obscure the view of the meteors.5 million turkeys, or 2.5% of U. People are also reading… "It takes about 45 minutes for your eyes to adapt to the dark, so they can be more sensitive and see finer.S. If you look at your bright phone, a streetlight or the moon, you're going to ruin that night vision," Cooke said. turkey production. Listen now and subscribe: Apple Podcasts Google Podcasts Spotify Stitcher RSS Feed Omny Studio NASA recommends going outside at least 30 minutes prior to watching meteors, to adjust to the night sky. Coupled with the highest inflation in 40 years, which has hit the meat case at double the rate of other consumer products due to higher feed prices and more expensive fuel, analysts predict Thanksgiving will cost more this year because of the flu-diminished turkey supply. The U. You should plan on spending two hours or so outside — it's not a 15-minute adventure," Cooke added. You should plan on spending two hours or so outside — it's not a 15-minute adventure," Cooke added.S. Department of Agriculture’s most recent data show an “alarming” low level of turkeys in cold storage, according to investment banker Walter Kunisch, who tracks the market for HTS Commodities. 26 and will last until around Nov. Most turkeys eaten at Thanksgiving are harvested throughout the year and frozen, which is one reason why the virus’ eight-month-long spread has had such an impact. 22, so skywatchers will still have a chance to see the Orionids after the peak. With 2022 turkey production estimated to be off more than 4% compared with 2021, whole 8- to 16-pound wholesale prices are expected to rise 23% higher than last year. The Orionids radiate outward from the constellation Orion the Hunter — specifically a point near Orion's sword, close to the large red star, Betelgeuse — but you don't need to know that point's location to see the meteors. “With the spike in turkey prices we believe that a decline in consumption during the holidays can occur,” Kunisch, a former economist for the USDA who has worked at top meat processors Cargill and Tyson Foods, told Forbes . “That disease has really wreaked havoc on turkey supplies. No special equipment is needed to observe meteor showers, and the Orionids are visible from every region in the world, weather permitting. No special equipment is needed to observe meteor showers, and the Orionids are visible from every region in the world, weather permitting.” The average price per pound for turkey at supermarkets and other retailers is now about 13% higher compared than last year, or just under $3 per pound, according to NielsenIQ data, which scans prices and receipts across the majority of U.S. food retailers. Be the first to know Get local news delivered to your inbox!. Meat has been one of the categories “most severely impacted by inflation,” said Carman Allison, a vice president at NielsenIQ. In the last year, meat prices are up an average of 12%, while turkey prices have increased even more—14%. A worker tests a sample for avian flu, a highly transmissible virus that has killed about 44 million birds. Scott Olson/Getty Images At last year’s Thanksgiving, fresh turkey prices were 10% more expensive compared with 2020, and as a result, turkey sales per pound declined by 6%. “With prices continuing to rise and the threat of a consumer recession looming, we can expect a similar decline over this holiday season,” Allison said. “Shoppers might buy their turkey earlier if it’s on sale or seek out stores with the lowest prices. Some shoppers will also look for more affordable alternatives, such as chicken or a turkey breast, rather than the whole turkey.” On Hormel’s September 1 earnings call, Chief Financial Officer Jacinth Smiley said avian flu will limit Jennie-O’s supply for Thanksgiving by as much as 30% compared with last year. “Lower industry-wide turkey supplies are expected to keep prices higher near-term,” Smiley said. Butterball, the biggest U.S. turkey seller, will actually have slightly more turkeys for sale this Thanksgiving compared with last year’s. Avian flu has hit around half a percent of the company’s contracted supply. Within the industry, Butterball accounts for less than 3% of the total impact. The main reason is geography. Jennie-O has been hit harder than Butterball partly because most of Jennie-O’s production is based in Minnesota, which is in the middle of a wild bird migratory fly zone. That’s been fueling the spread. Butterball, however, mostly draws its turkeys from the South, with farms mostly in North Carolina and a few sprinkled throughout Missouri and Arkansas. “There’s 97%-plus of the rest of the industry that has really had to absorb the brunt of that,” said Butterball CEO Jay Jandrain. “We’ve been impacted very little, relatively speaking.” The Gobbling Mob: Farms like this one in Erlanger, Kentucky, where turkeys are packed close together inside, can spread avian flu quicker. JEFF DEAN/AFP/Getty Images Highly concentrated and confined production facilities are key factors that drive the spread of the virus. Stress due to overcrowding of living things has also contributed to the mounting contagion. Research published in February by the investor network Farm Animal Investment Risk & Return, or FAIRR, which is based in the U. K. and backed by $48 trillion in assets, found that 63% of the world’s 60 largest meat, fish and dairy firms aren’t taking any steps to prevent the next pandemic from incubating on one of their farms. Bird flu can transfer to humans, and there have been several cases this year of workers who got sick. The 44 million birds killed by flu this year is fast approaching the record set in 2015, when 50 million birds were killed in the largest U.S. avian flu outbreak ever recorded. Back then, the virus burned off in the summer and didn’t come back in the fall, so the impacts on Thanksgiving and holiday birds were limited. This year, after a short respite from major outbreaks earlier this summer, cases came roaring back. About 3 million birds, including egg-layers and chickens, have been infected and killed so far in September alone. Usually, infected birds are callously euthanized by turning off the airflow in the houses in which thousands live crammed together, cranking up the heat and letting the birds suffocate. More turkeys have contracted avian flu than broiler chickens, partly because they take longer to raise and so have more time to contract the virus. “That disease has really wreaked havoc on turkey supplies.” –Walter Kunisch, who tracks the turkey market for HTS Commodities Shoppers who want a certain type of turkey should buy early, experts say. One solution for Thanksgiving cooks could be to switch main courses. While prices for meat in general are up, turkey’s 14% increase is greater than the rise in spiralized ham, which is 10%. If celebrants are dead set on the traditional bird, however, the American Turkey Federation said high prices will be softened by discounts that grocers will use to attract holiday shoppers, even if the retailers take a loss on turkey sales. “We’re still expecting those deals,” said American Turkey Federation President Beth Breeding. “It’s not easy being a farmer, especially when there’s something like this going on. Very stressful, especially when you’re in an area of a lot of cases. They’ve been through a lot. ” MORE FROM FORBES .