Inflation and bird flu took a toll on turkey flocks.
A rack of turkeys "Year-to-date, 2022 turkey production is the lowest in 10 years and is running 5% below 2012 levels," Kunisch said. "The USDA’s most recent data show an alarming low level of turkeys in cold storage. With 2022 turkey production estimated at -4.3% from 2021, 2022 whole 8- to 16-pound wholesale hen prices are estimated to be 23% higher than 2021.
"With the spike in turkey prices, we believe that a decline in consumption during the holidays can occur."
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