US turkey prices have seen a 6% decrease, despite a simultaneous drop in production. The production levels are currently at their lowest point since 1985, according to the US Department of Agriculture.
This decline in prices suggests a potential lack of demand as consumers remain concerned about rising food costs. Experts believe that the decrease in production is a reliable indicator of disappointing holiday demand for turkey. While it is still too early to determine consumer purchasing trends for Thanksgiving, the current market pressures reflect a shift in consumer behavior as Americans reduce their traditional feasts.