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Search resuls for: "Ryan Hojnowski"


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New York CNN —Egg and turkey prices are down. But a deadly bird flu is still threatening poultry flocks, turkey in particular. Turkey takes a hitThis year, turkey prices were low ahead of Thanksgiving — partially because turkey farmers expected an outbreak in the spring that didn’t really happen, boosting turkey supplies, explained Matt Busardo, poultry market reporter at Urner Barry. But the uptick of bird flu cases has hit turkey farms hard, and threatens to tighten supply in groceries this spring. In part that’s because unlike eggs, turkey isn’t a kitchen staple — meaning that higher prices could just lead people to skip that turkey sandwich after all.
Persons: ” Dennis Summers, Summers, We’re, ” Summers, Emily Metz, “ We’ve, Ryan Hojnowski, Urner Barry, skyrocket, , Hojnowski, it’s, Matt Busardo, Barry, , there’s, ” Busardo, , Kasinger, Ohio’s Summers, Christine McCracken Organizations: New, New York CNN, CNN, American Egg Board, Bureau of Labor Statistics, Bloomberg, Getty, Rabobank, Locations: New York, United States, Iowa, Ohio, Turkey, Minnesota
Wholesale pork belly prices are currently trading at 270.89 cents per pound. And consumers are about to see even higher prices of bacon, which is primarily cut from pork bellies. Analysts who spoke to CNBC attributed the surge in pork prices partly to a recently imposed animal welfare regulation in California, which came into effect July 1. Proposition 12 played a "major role" in the surge in prices, said Urner Barry pork market analyst, Ryan Hojnowski. Consequently, sellers of bacon will want to keep their profit margins up — thus, the spike in pork belly wholesale prices is going to translate to higher retail and food services prices, he said.
Persons: Bacon, Zachary Zirlin, , That's, Brian Earnest, Cobank's Earnest, Earnest, Barry, Ryan Hojnowski, Hojnowski, Urner Barry, Glenn Asakawa Organizations: Eyeem, Getty, CNBC, National Pork Producers Council, Medianews, Denver Locations: California, FactSet, Colorado
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