Expect Huge Increases in Turkey Prices During the Holidays
The Avian Influenza virus is being blamed on the higher turkey prices consumers can expect to find over the holidays this year. Record-high prices, in fact.
The virus has reportedly wiped out nearly 44 million turkeys, as well as chickens, ducks and other birds. Right now, shoppers are seeing turkey prices as high as $1.99 pound, a nearly 75% increase over turkey prices last year. Boneless, skinless turkey breast hit a record high of $6.70 per pound last month, which is 112% higher than last year.
The American Farm Bureau Federation says inflation is also driving prices up. All retail food prices were nearly 12% higher in August compared to the same time last year.
Officials had warned that bird flu could spread rapidly after it was found in three states in February. Just two months later, the virus had spread to at least 20 states. In the most recent data released from the USDA, bird flu has been confirmed in 40 states, with Iowa reportedly hit the hardest.
In general, Americans can expect to pay more for not only for their holiday turkey, but also for other staples for baking like eggs, flour and butter. Industry officials say the cost of biscuits, rolls and muffins is already up 17% over last year; frozen and refrigerated bakery items like cakes and pies are up 18%; canned fruits and vegetables have increased 16%; potatoes are 15% more, and sauces and gravies will cost you 17% more than last year.