Ringing in the Holidays with Record Turkey & Egg Prices
It’s time for your Southeast Regional Ag News. On the Ag Information Network, I’m Haylie Shipp.Fall is here with Thanksgiving around the corner and, as you plan your holiday meal, American Farm Bureau Federation Economist Bernt Nelson says you’re going to notice higher prices for turkey and for eggs.
“We've seen record high prices in turkeys and eggs for that matter. And that really comes from some disruptions we've had in supply.”
Nelson says cases of highly pathogenic avian influenza resurfaced in August following the outbreak this spring.
“We’re starting to see a resurgence with another case, August 26. Since that date, there have been 23 cases. And so, as this has crept up, we started to see some concerns about turkey supplies.”
Supply, demand, and inflation are all contributing to the record prices, as well. Nelson says how long those prices continue hinges on future outbreaks.
“If we see a spring resurgence of HPAI, we may continue to see some declining numbers. The good news is that fall HPAI detections are well below these spring numbers. And while there should be enough to go around for Thanksgiving, pressure will keep these prices high with supplies forecasted lower and demand forecasted to increase for 2023.”
Again Bernt Nelson, American Farm Bureau Federation Economist.