Butterball Experiencing Shortage of Fresh Turkeys
Just two weeks before Thanksgiving, Butterball, based in Garner, North Carolina, has alerted its customers that it is running short on fresh whole turkeys, due to unexpected low weight gains, the company confirmed to Meatingplace.
The Butterball statement said the company has ample supplies of all sizes of frozen whole turkeys and that it has shipped 100 percent of customer orders of frozen whole turkeys across the country.
National Turkey Federation spokesman Keith Williams told Meatingplace the shortage of large, fresh turkeys appears to be limited to Butterball. He also noted that about 85 percent of Thanksgiving turkeys are frozen.
MF Global Lawsuit Dismissal Denied
U.S. District Judge Victor Marrero rejected a bid by former MF Global Chief Executive Jon Corzine to dismiss investor litigation seeking to hold him and others responsible for the futures brokerage’s bankruptcy. Judge Marrero says the defendants’ contentions suggest supernatural forces were responsible for the multi-billion dollar crash.
Ag’s Seen the Best of Times, Economist Says Decline Likely Coming
American Farm Bureau Federation Chief Economist Bob Young says farming’s best days may soon be in the rear-view mirror. Young said market growth for U.S. agriculture has been unprecedented with farm income value rising from 275-billion dollars to 425-billion dollars since 2003. Whatever goes up like that – Young said is more than likely going to move the other way sooner or later. He said conditions are now right for that growth to decline – with corn demand waning and China’s appetite for U.S. export crops like soybeans tapering off.
Thanksgiving Meal Costs Increase
It's going to cost more to feed the pilgrims this Thanksgiving.
The Virginia Farm Bureau has released its annual Thanksgiving survey of grocery stores. It indicates that feeding a group of 10 adults will cost $50.01. That's $2.78 more than last year.
The menu includes turkey, dressing, sweet potatoes, rolls, peas and cranberries. It also includes a relish tray of carrots and celery and, of course, pumpkin pie with whipped cream.
Prices were reported using no promotional sales or coupons. Officials say prices were higher due to an improving economy and substantially higher livestock prices.