Ahead of Thanksgiving, turkey prices have hit a ten-year low. A report by Purdue University estimates turkey prices this year for Thanksgiving will average $1.45 per pound. Jayson Lusk, a professor and department head of Purdue’s Department of Agricultural Economics, says lower commodity prices, such as corn and soybeans used to make feed for animals, is “one of the drivers.” …
Turkey Prices Struggling at Thanksgiving
Politico says news outlets around the country are picking up on USDA data that shows how turkey prices have dropped sharply in recent years. Experts say the reason behind the drop in price is the simple economics of supply and demand. Dewey Warner is a research fellow with Euromonitor International who says the prices drop has been building for a …