November 23, 2016
Just in time for Thanksgiving, here's a look at the U.S. turkey sector.
-Turkey meat production in the United States over the first eight months of 2016 totaled nearly 4 billion pounds, approximately 7% above the same period in 2015. The increase was largely based on continuing recovery from the 2015 loss of more than 7 million turkeys due to avian influenza (HPAI). 2016 production was expected to be the first year-over-year production growth since 2012 according to forecasts released in October 2016.
Turkey meat production in the United States over the first eight months of 2016 totaled nearly 4 billion pounds, approximately 7% above the same period in 2015. (Photo: digital vision/Thinkstock)
-Through September, 2016 prices for whole birds at wholesale remained above the trend prior to the 2015 HPAI outbreak. The September price for frozen turkey hens was $1.24 per pound, about 14% higher than the average September price in the 3 years prior to 2015. Retail prices for whole turkeys in 2015 and 2016, however, did not generally experience a similar increase, and the 2015 annual average was the lowest since 2010.
-Value of turkey production:
2012: $5.45 billion
2013: $4.84 billion
2014: $5.30 billion
2015: $5.71 billion
-Top eight states in turkey production, 2015
1. Minnesota - 41 million birds
2. North Carolina - 31 million birds
3. Arkansas - 28 million birds
4. Indiana - 19 million birds
5. Missouri - 19 million birds
6. Virginia - 17 million birds
7. California - 12 million birds
8. Iowa - 9 million birds
-U.S. turkey total use (disappearance):
2012: 5.03 billion pounds
2013: 5.07 billion pounds
2014: 5.05 billion pounds
2015: 5.14 billion pounds
2016: 5.50 billion pounds (October projection)
-U.S. turkey meat exports:
2012: 797 million pounds
2013: 741 million pounds
2014: 775 million pounds
2015: 529 million pounds
2016: 565 million pounds (October forecast)
-Retail price for frozen whole turkey:
2012 average: $1.62 per pound
2013 average: $1.65 per pound
2014 average: $1.60 per pound
2015 average: $1.51 per pound
Source: USDA ERS
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