Thanksgiving alert: Elevated turkey costs on the horizon? Keep an eye on potential labor shortages. In October, the consumer price index for poultry saw a +7% year-over-year increase, while producer prices for turkeys plummeted by nearly -40%. Surprisingly, American farmers are reducing turkey prices due to a surplus in supply, even during the Thanksgiving surge. This paradox can be attributed to a constrained labor market within the meatpacking industry.

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