From: USDA
To: Interested Parties
Date: November 16, 2022
TOPLINE: With Thanksgiving quick approaching, America’s farmers and manufacturers have actually been hard at work every day to make sure households can continue to put food on the table and commemorate with their enjoyed ones. In specific, poultry manufacturers have actually dealt with a variety of obstacles, consisting of a break out of extremely pathogenic bird influenza (HPAI), which led to the loss of over 50 million birds, consisting of over 8 million turkeys. USDA, states, and manufacturers worked carefully to execute an extensive, collective, and all-hands-on-deck action to this break out and guarantee there is a sufficient supply of turkeys for the holiday, effectively making sure that everybody who desires a bird will have the ability to get one.
Additionally, the Biden Administration has actually taken a series of actions to reduce expenses for manufacturers and customers as we get ready for the holiday. In part since of these actions, inflation at the supermarket is reducing for households throughout the nation. The cost of a big fresh turkey will cost simply 2 cents more per pound than in 2015 (a 1% boost) and a big frozen turkey will cost 9 cents more per pound than in 2015, with the continuous HPAI break out, Russia’s war on Ukraine, and dry spell throughout the United States rising the rate of Thanksgiving staples. Regardless of these obstacles, the October Consumer Price Index Report reveals a much-needed break in inflation at the supermarket as we head into the vacations, with food cost boosts can be found in at a decreasing speed.
Under the Biden-Harris Administration, USDA continues to take every action it can to decrease expenses for manufacturers and customers.
Below are the typical retail expense of Thanksgiving staples, based upon AMS Market News Retail Reports (JPG, 187 KB) for the week ending on November 11:
Fresh Turkey Hen (12 pounds.) – $1.56 per pound
Sweet Potatoes– $0.86 per pound
Russet Potatoes – $0.98 per pound
Cranberries– $2.24 per 12 oz. bag
Green beans– $1.67 per pound
Milk (1 gallon)– $3.73 per gallon
Overall, th