News That Matters

Tag: Thanksgiving

Turkey prices are surging ahead of Thanksgiving due to disease
Business

Turkey prices are surging ahead of Thanksgiving due to disease

Americans are paying more than ever for turkey as a contagious virus leads to the destruction of millions of birds.The Highly Pathogenic Avian Influenza (HPAI) virus is helping drive the price of turkey — specifically white boneless breast meat — to record highs, even as the hottest inflation in 40 years has cooled some in recent months. That may make the Thanksgiving meal even pricier this year."We've seen record prices for turkeys in recent days, and the spotlight is on Highly Pathogenic Avian Influenza and its effect on the market," American Farm Bureau economist Bernt Nelson told CBS MoneyWatch. Seven years after the last U.S. outbreak, HPAI has been hitting U.S. commercial poultry flocks all year, with the latest wave particularly disrupt...