• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,668.67 +0.05% +COP 1.82Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote
  • Mexican pesoCOP 176.70 +0.26% +COP 0.46Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote

US wholesale turkey prices rise 12% this year as production costs climb

FinanceInternationalFox BusinessAI summary
Image: Fox Business

Wholesale turkey prices in the United States have risen 12% this year amid higher production costs ahead of Thanksgiving. At DiPaola Turkey Farms in Hamilton, New Jersey, the cost of feed for the birds, based on corn and soybean, rose between 10% and 12%, according to owner Artie DiPaola. The family farm, in operation for 78 years, passed a 30-cent-per-pound increase on to its customers, a decision DiPaola described as difficult given his relationship with them.

In 40 seconds

  • US wholesale turkey prices rose 12% this year, according to information reported by Fox Business.
  • At DiPaola Turkey Farms, corn and soybean used as feed rose between 10% and 12%, owner Artie DiPaola said.
  • The family farm in Hamilton, New Jersey, raised prices to its customers by 30 cents per pound.
Read the full story at Fox Business

IASummary generated by artificial intelligence from a story by Fox Business. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading