Thanksgiving Dinner Costs Up and U.S. Red Meat Exports to South Korea

Thanksgiving Dinner Costs Up and U.S. Red Meat Exports to South Korea

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**Catalytic converter thefts are surging in California farm country.

In rural Merced County, authorities reported at least 176 converter thefts in October alone, as thieves look to sell platinum and other metals from the auto parts.

The thefts are, obviously, disruptive to farmers, particularly when thieves target pickup trucks and other vehicles used on the farm.

The Merced County sheriff is calling for more aggressive prosecutions.

**Americans can expect to spend more at the grocery store this year on turkeys, cranberry sauce and pumpkin pies.

According to a recent survey done by the American Farm Bureau Federation, Thanksgiving dinner costs are up 14%.

The survey indicated that this year’s Thanksgiving meal for 10 will cost $53.51, less than $6 per person, up $6.41 from last year’s average.

**U.S. red meat has seen remarkable success in South Korea of late, according to the U.S. Meat Export Federation.

USMEF’s Korea Director, Jihae Yang says U.S. red meat's tremendous growth in Korea will reach $2 billion in U.S. beef exports for the first time this year.

High-value chilled exports are achieving explosive growth in Korea, with value up 50% year-over-year and chilled pork volume nearly tripling.

Yang says booming retail demand comes as consumers seek more high-quality protein options to prepare at home.

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