Media Resources: Turkey Market
Related Reports
- Livestock, Dairy, & Poultry Outlook: January 2013
- Feed Outlook: January 2013
- Livestock, Dairy, and Poultry Outlook: December 2012
- Feed Outlook: December 2012
- Livestock, Dairy, and Poultry Outlook: November 2012
- Feed Outlook: November 2012
- Livestock, Dairy, and Poultry Outlook: October 2012
- Feed Outlook: October 2012
- Livestock, Dairy, and Poultry Outlook: September 2012
- Livestock, Dairy, and Poultry Outlook: August 2012
- Livestock, Dairy, and Poultry Outlook: July 2012
- Slaughter and Processing Options and Issues for Locally Sourced Meat
- Livestock, Dairy, and Poultry Outlook: June 2012
- Livestock, Dairy, and Poultry Outlook: December 2011
- Livestock, Dairy, and Poultry Outlook: October 2011
- Estimating the Substitution of Distillers’ Grains for Corn and Soybean Meal in the U.S. Feed Complex
- Food Safety Audits, Plant Characteristics, and Food Safety Technology Use in Meat and Poultry Plants
- Livestock, Dairy, and Poultry Outlook: September 2011
- Why Have Food Commodity Prices Risen Again?
- Selected Trade Agreements and Implications for U.S. Agriculture
- Consumer-Level Food Loss Estimates and Their Use in the ERS Loss-Adjusted Food Availability Data
- Comparing Two Sources of Retail Meat Price Data
- What the 2008/2009 World Economic Crisis Means for Global Agricultural Trade
- U.S. Food Import Patterns, 1998-2007
- The Interplay of Regulation and Marketing Incentives in Providing Food Safety
- Russia’s Growing Agricultural Imports: Causes and Outlook
- NAFTA at 15: Building on Free Trade
- Supermarket Loss Estimates for Fresh Fruit, Vegetables, Meat, Poultry, and Seafood and Their Use in the ERS Loss-Adjusted Food Availability Data
- The Transformation of U.S. Livestock Agriculture: Scale, Efficiency, and Risks
- The Effects of Avian Influenza News on Consumer Purchasing Behavior: A Case Study of Italian Consumers’ Retail Purchases
- The Economic Organization of U.S. Broiler Production
- Economic Impacts of Foreign Animal Disease
- Dietary Assessment of Major Trends in U.S. Food Consumption, 1970-2005
- How Highly Pathogenic Avian Influenza (H5N1) Has Affected World Poultry-Meat Trade
- U.S. Agricultural Trade Update—State Exports
- NAFTA at 13: Implementation Nears Completion
- USDA Agricultural Projections to 2016
- Livestock, Dairy, and Poultry Outlook: December 2006
- Animal Products Markets in 2005 and Forecasts for 2006
- Effect of Food Industry Mergers and Acquisitions on Employment and Wages
- Disease-Related Trade Restrictions Shaped Animal Product Markets in 2004 and Stamp Imprints on 2005 Forecasts
- Market Integration of the North American Animal Products Complex
- U.S. 2003 and 2004 Livestock and Poultry Trade Influenced by Animal Disease and Trade Restrictions
- India's Poultry Sector: Development and Prospects
- International Trade and Food Safety: Economic Theory and Case Studies
- Vertical Coordination of Marketing Systems: Lessons From the Poultry, Egg and Pork Industries
Turkey production in the United States has been up this year and
is expected to be higher during the Thanksgiving and Christmas
holiday season than last year. While strong demand for turkey meat
kept prices relatively high during the summer months, as the
holiday season approaches a seasonal increase in supplies is
expected to moderate further price increases. The average wholesale
price for frozen whole turkey during fourth-quarter 2012 is
projected to range from $1.10 to $1.14 per pound -- similar to the
2011 fourth-quarter average price of $1.11 per pound. The
average retail price for whole frozen turkeys in September 2012 was
$1.62, about 6 cents lower than the average retail price for whole
frozen turkeys in September 2011. Turkey consumption in the United
States is expected to reach 16.4 pounds per person in 2012, a
2-percent increase from last year.
For the most current coverage of the livestock industry, see the
monthly newsletter Livestock,
Dairy, and Poultry.
Production, Consumption, and Trade
Value of turkey production at the farm level:
- 2007: $3.95 billion
- 2008: $4.48 billion
- 2009: $3.57 billion
- 2010: $4.37 billion
- 2011: $4.99 billion
Data are reported annually in the
National Agricultural Statistics Service (NASS) Poultry Production and Value report (May).
U.S. turkey meat production:
- 2007: 5.95 billion pounds
- 2008: 6.25 billion pounds
- 2009: 5.66 billion pounds
- 2010: 5.64 billion pounds
- 2011: 5.79 billion pounds
- 2012: 5.98 billion pounds (October projection)
Data are reported in the
monthly World Agricultural Supply and Demand Estimates (WASDE) report.
State turkey production, 2011:
U.S. total - 248.5 million birds
Top eight:
- MN-46.5 million (18.7 percent)
- NC-32 million (12.9 percent)
- AR-30.5 million (12.3 percent)
- MO-17.5 million (7.0 percent)
- VA-17.5 million (7.0 percent)
- IN-16 million (6.4 percent)
- CA-15 million (6.0 percent)
- SC-11 million (4.4 percent)
Data are reported annually in the
NASS Poultry Production and Value report.
U.S. turkey total use (consumption):
- 2007: 5.30 billion pounds
- 2008: 5.37 billion pounds
- 2009: 5.21 billion pounds
- 2010: 5.08 billion pounds
- 2011: 5.02 billion pounds
- 2012: 5.14 billion pounds (October projection)
Data are reported in the
monthly World Agricultural Supply and Demand Estimates (WASDE) report.
U.S. turkey per capita consumption:
- 2007: 17.4 pounds
- 2008: 17.5 pounds
- 2009: 16.8 pounds
- 2010: 16.3 pounds
- 2011: 16.1 pounds
- 2012: 16.4 pounds (October projection)
Data are reported in the
monthly World Agricultural Supply and Demand Estimates (WASDE) report.
U.S. turkey exports:
- 2007: 546.52 million pounds, valued at $399.7 million
- 2008: 676.22 million pounds, valued at $481.9 million
- 2009: 533.83 million pounds, valued at $394.6 million
- 2010: 582.80 million pounds, valued at $464.0 million
- 2011: 702.64 million pounds, valued at $599.5
million
- 2012: 741.00 million pounds (October projection)
Quantity data are reported in the
monthly World Agricultural Supply and Demand Estimates (WASDE) report.
U.S. turkey exports as percent of production:
- 2007: 9.2 percent
- 2008: 10.8 percent
- 2009: 9.4 percent
- 2010: 10.3 percent
- 2011: 12.1 percent
(Turkey exports divided by turkey
production)
U.S. Turkey Prices
Retail price for whole turkey hens:
- 2007 average: $1.15 per pound
- 2008 average: $1.25 per pound
- 2009 average: $1.396 per pound
- 2010 average: $1.477 per pound
- 2011 average: $1.584 per pound
The series is reported monthly in Meat Price
Spreads on the ERS website.
Wholesale price for whole turkey hens:
- 2007 average: 79.0 cents per pound
- 2008 average: 84.5 cents per pound
- 2009 average: 76.5 cents per pound
- 2010 average: 90.4 cents per pound
- 2011 average: 102.0 cents per pound
- 2012 average: 107.0 (October projection)
Data are reported in the
monthly World Agricultural Supply and Demand Estimates (WASDE) report.