Thanksgiving Turkeys Will Be More Expensive This Year

On november 21st President Joe Biden performed one of the more peculiar presidential duties. Upon his return from the COP27 climate summit in Egypt, Mr Biden pardoned the two Thanksgiving turkeys in an annual ceremony that has been a tradition since Ronald Reagan’s days in office. The spared specimens are sent to farms or universities, where they are left in peace for the rest of their natural lives.

Such clemency looks generous in a time of sky-high inflation. Food prices have risen sharply...

Poultry Quarterly Q4 2022: Keeping Chicken Affordable in Times of Major Cost and Supply Challenges

The outlook for the global poultry industry is for strong market conditions, despite ongoing operational challenges.

Report summary

The outlook for the global poultry industry in Q4 2022 and early 2023 remains strong, despite the big challenges across global poultry as well as some recent setbacks in North America. From a market perspective, a weaker economic climate with pressure on spending power will lead to more price-driven consumer behavior, which supports poultry consumption as it is the cheapest meat protein option...

This Week in Retail: Steak Features See Boost from Warmer Weather; Eyeing HPAI

Sunday marked the official start of spring. For retailers, that means grilling season is rapidly approaching, and with it—the opportunity for increased meat sales.

Steak features surged this week, accounting for 50.5 percent of total beef ads—up 16 percentage points from the week prior. Feature volume for roasts, meanwhile, has decreased, falling from 38.2 percent last week to 23.2 percent this week.

This week in retail, the steak complex averages $8.12 per pound, up 12.8 percent from a year ago. Boneless strip steaks are widely featured at grocery outlets across the nation and average $11.68 per pound, up 36 percent from a year ago. Top sirloin steaks are up 3.3 percent YoY at $5.64 per pound while bottom round steaks clock in at $5.54 per pound, up a whopping 68.4 percent from this week last year...