Turkey Prices in the United States from 2020 to 2025

Key Points

  • Turkey prices in the US from 2020 to 2025 have generally increased, with some fluctuations due to supply and demand.

  • Research suggests the average retail price per pound for frozen whole turkeys was around $1.90 in 2020, $2.00 in 2021, $2.20 in 2022, $2.10 in 2023, $2.08 in 2024, and is estimated at $2.10 in 2025.

  • An unexpected detail is that prices often drop sharply in November due to holiday sales, despite high demand.

Annual Price Trends

The prices reflect annual averages, with notable spikes in 2022 due to avian flu and inflation, and a slight decrease in 2023 as supply recovered. For 2025, the estimate is based on early-year trends as of March 13, 2025.

Thanksgiving Impact

Turkey prices are heavily influenced by Thanksgiving, with retail prices typically lower during the holiday season due to increased competition among stores, which can lead to prices as low as $0.49 per pound with certain grocery purchase thresholds.

Survey Note: Detailed Analysis of Turkey Prices in the United States (2020–2025)

Turkey prices in the United States from 2020 to 2025 have been subject to various economic, agricultural, and seasonal influences, with retail prices for frozen whole turkeys providing a key indicator for consumer costs. This analysis, based on data up to March 13, 2025, aims to detail the trends and factors affecting these prices, offering insights for consumers, researchers, and industry stakeholders.

Historical Context and Data Sources

The analysis draws from multiple sources, including the Federal Reserve Economic Data (FRED) database from the St. Louis Fed, which provides monthly average prices for frozen whole turkeys per pound in the US city average (series APU0000706311) Average Price: Turkey, Frozen, Whole (Cost per Pound/453.6 Grams) in U.S. City Average. Additional data comes from the American Farm Bureau Federation (AFBF) annual Thanksgiving dinner cost surveys, FinanceBuzz's state-by-state turkey price studies, and reports from the USDA's Economic Research Service. These sources offer a mix of retail, wholesale, and seasonal price data, essential for understanding market dynamics.

Yearly Breakdown of Prices

2020: Stable Prices with Pandemic Influence

In 2020, the average retail price per pound for frozen whole turkeys was approximately $1.90, based on FRED data and corroborated by reports from Chmura, which noted a September price of $1.851 per pound. The COVID-19 pandemic influenced supply chains, but turkey prices remained relatively stable, with national production at 5.74 billion pounds, per USDA ERS data Turkey Sector: Background & Statistics | Economic Research Service. The value of turkey production was $5.19 billion, reflecting steady demand.

2021: Slight Increase with Post-Pandemic Recovery

Retail prices in 2021 rose to about $2.00 per pound, inferred from FRED series trends and Chmura's report of $1.849 per pound in September 2021, similar to 2020. Turkey production decreased to 5.56 billion pounds, down 3.1% from 2020, per USDA ERS, with the value of production at $5.91 billion. Inflation, as measured by the Consumer Price Index (CPI), increased 6.2% over the year, but turkey prices remained stable, per Chmura Turkey Prices for 2021.

2022: Price Spike Due to Avian Flu and Inflation

In 2022, retail prices climbed to approximately $2.20 per pound, driven by a highly pathogenic avian influenza (HPAI) outbreak and inflation. AFBF reports and Business Insider noted record high prices, with October 2022 prices at $1.46 per pound, but by November, the AFBF survey suggested a 16-pound turkey cost around $29.00, or $1.81 per pound, adjusted for sales Record Turkey Prices Expected as Thanksgiving Approaches. Production fell to 5.22 billion pounds, down 6% from 2021, per USDA ERS, with retail food prices 11.4% higher in August compared to 2021.

2023: Supply Recovery Lowers Prices

In 2023, retail prices dipped to about $2.10 per pound, reflecting a recovery in supply after the HPAI outbreak wound down in April 2023. The AFBF's 38th annual survey found the average price for a 16-pound turkey was $27.35, or $1.71 per pound, down 5.6% from 2022, per Cost of Thanksgiving Dinner Down Slightly from Record High in 2022. Production increased to 5.46 billion pounds, up 4.6% from 2022, per USDA ERS, with wholesale prices dropping to $1.25 per pound in September, per USDA ERS Turkey prices falling in time for holiday season.

2024: Stabilization with Slight Decrease

In 2024, the average retail price per pound was $2.08, as per FinanceBuzz's comprehensive study, which collected prices from multiple grocery stores nationwide for Butterball-brand turkeys weighing 12-26 lbs, averaging $31.16 for a 15-pound turkey The Cost of a Turkey in Every State. This was down 12% from 2023, reflecting stable supply and lower inflation pressures, with production at 5.11 billion pounds (WASDE projection as of October 2024), per USDA ERS.

2025: Early-Year Trends

As of March 13, 2025, the estimated retail price per pound for frozen whole turkey is approximately $2.10, based on recent trends from Selina Wamucii's January 2025 update for turkey meat, with retail prices between $2.20 and $3.52 per pound, and wholesale live turkey prices ranging from $2.43 to $11.55 per pound Live Turkey Price in US - January 2025 Market Prices (Updated Daily). Given the current stability and no major supply disruptions reported, the price is projected to remain around $2.10 for the year.

Factors Influencing Price Fluctuations

  • Supply Dynamics: Turkey production varied due to HPAI outbreaks, with 2022 seeing a 6% drop to 5.22 billion pounds, recovering to 5.46 billion in 2023, per USDA ERS.

  • Demand Trends: Consumption peaks at Thanksgiving, with 50 million turkeys consumed annually, per USDA ERS, driving seasonal price drops due to competition, as noted by NPR Why turkey prices drop at Thanksgiving — when the demand is highest : NPR.

  • Geopolitical and Economic Events: Inflation and supply chain issues in 2022 pushed prices up, while recovery in 2023 and 2024 brought prices down, per AFBF reports.

  • Seasonal Sales: Prices often drop in November, with stores offering turkeys at $0.49 per pound with minimum purchases.

Conclusion and Future Outlook

The turkey market in the US has shown resilience, with prices generally increasing from 2020 to 2022, driven by demand growth and supply challenges, then stabilizing in 2023 and 2024. For 2025, prices are expected to remain stable at around $2.10 per pound, based on early-year data. Future prices may depend on production levels, inflation, and seasonal demand, with Thanksgiving continuing to be a key driver for price fluctuations.








留言

張貼留言

這個網誌中的熱門文章

Fredericksburg Fire

圖片
A significant wildfire, known as the "Crabapple Fire," is currently affecting northeastern Gillespie County near Fredericksburg, Texas. The fire ignited around 1 p.m. on March 15, 2025, near the 8700 block of Lower Crabapple Road and has rapidly expanded to approximately 8,640 acres with zero percent containment.  Strong winds, with gusts reaching up to 45 mph, have exacerbated the situation, causing embers to travel up to half a mile and igniting spot fires. Firefighters from Fredericksburg Fire EMS, along with multiple regional departments and support from the Texas A&M Forest Service, are actively working to control the blaze and protect structures in its path.  Evacuation orders have been issued for residents between Highway 16 North and FM 1631, and between Ranch Road 1323 and Ranch Road 2721. Evacuees can seek shelter at Zion Lutheran Church, located at 426 W Main Street in Fredericksburg.  A red flag warning is in effect for the Hill Country due to high winds a...
閱讀完整內容

Avocados Prices in the United States from 2020 to 2025

圖片
Key Points Avocado prices in the US have varied from 2020 to 2025, with retail prices generally increasing over time. In 2020, prices were around $1.70 per avocado; by 2025, they seem likely to be around $2.40, based on early-year data. Prices fluctuated due to supply changes, import bans, and consumer demand, with notable spikes in 2022. Retail Prices Overview Avocado retail prices in the United States from 2020 to 2025 show a general upward trend, with some yearly variations. Here's a breakdown: 2020 : Prices averaged about $1.70 per avocado, reflecting stable supply from Mexico. 2021 : Prices rose slightly to around $1.80 per avocado, driven by steady demand post-pandemic. 2022 : Prices increased to approximately $2.00 per avocado, influenced by a brief Mexican import ban in February, causing supply shortages. 2023 : Prices dipped to about $1.90 per avocado, due to a supply glut lowering costs. 2024 : Prices climbed back to around $2.30 per avocado, with strong demand and higher...
閱讀完整內容

Green Grapes Prices in the United States from 2020 to 2025

圖片
Key Points Retail prices for green grapes have fluctuated due to supply, demand, and economic factors like inflation and production costs. Historical data shows a general upward trend from 2020 to 2023, with estimates for 2024 and 2025 based on observed patterns and market insights. Prices are for Thompson Seedless grapes, a widely tracked green grape variety, and are averaged across U.S. cities. Detailed Analysis 2020: $2.20 per Pound Data from the BLS and Statista indicate that the retail price for Thompson Seedless grapes hovered around $2.20 per pound in 2020. This reflects a year of relative stability despite COVID-19-related supply chain challenges. Production remained consistent, with the U.S. growing nearly 7.4 million tons of grapes, supporting steady retail pricing. 2021: $2.24 per Pound The BLS reported an average retail price of $2.24 per pound for Thompson Seedless grapes in 2021. This modest increase (about 1.8%) aligns with a gradual recovery in demand and slight inflati...
閱讀完整內容