USDA says Russia, bird flu and drought are all conspiring to raise prices on your annual Thanksgiving feast, but says there are plenty of turkeys for Americans.
King’s College professor and Fox News contributor Brian Brenberg says prices ‘may’ have maxed out, but ‘we are nowhere near the finish line’ with inflation.Thanksgiving dinner costs moreA USDA memo this month said turkey prices will be higher because of this year’s outbreak of highly pathogenic avian influenza , which led to the death of 8 million turkeys in 2022.
Ukraine is a major grain exporter, and Russia’s effort to block those exports has led to price spikes. But again, feed grain prices were rising along with the prices of many other commodities before Russia’s invasion. That memo also downplayed the impact that inflation is having on the cost of Thanksgiving dinner compared to non-government estimates. It said the average cost of Thanksgiving retail staples like a fresh turkey, sweet potatoes, cranberries and green beans will only cost about 1% more this year compared to last year, and that substituting in a frozen turkey means a 6% increase.
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