Gold: Now Legal Tender

Most Americans missed this big story, but 1 in 5 states have now made gold and silver coins legal tender. It's just one reason why so many predict gold will soon hit $5,000. And why you need to check out this $5 strategy for gold immediately.

The Bird flu outbreak isn't over, but it's less severe, helping egg and poultry prices recover

JOSH FUNK
November 14, 2023

OMAHA, Neb. (AP) -- Nearly 5 million chickens, turkeys and other birds have been slaughtered this year because of a persistent bird flu outbreak that began in 2022, but as big as that number may sound, it's far less than the number of birds killed last year which means consumers aren't seeing as much impact on poultry and egg prices.

The 4.6 million birds killed this year compares to the nearly 58 million birds the U.S. Department of Agriculture said were slaughtered last year in the first year of the outbreak. While that decline is welcome news, the fact that infections continue is a worrisome indication that unlike earlier outbreaks, the current virus has found a way to survive through the summers, and poultry will likely always be at risk of the disease.

The key problem with bird flu is that the highly contagious virus is spread easily by wild birds through droppings and nasal discharges, and it mutates over time. Despite the best efforts of farmers, it is hard to keep the virus out.

"The industry is definitely on really high alert," said veterinarian Denise Heard with the U.S. Poultry & Egg Association trade group.

As geese and ducks have started to head south for the winter, cases of bird flu have predictably begun popping up primarily at farms in Minnesota, Iowa and South Dakota along one of the major flyways for migrating birds. Most of those cases involve only tens of thousands of birds, but 1.2 million birds at one Iowa egg farm and another 940,000 chickens at one Minnesota egg farm had to be slaughtered last week after the disease was found.

Still, only a small portion of the total flock nationwide has been affected this year, allowing prices to fall closer to where they were before the outbreak began.

Egg prices peaked at a nationwide average of $4.82 per dozen in January -- more than double the $1.93 per dozen charged a year earlier before the first bird flu case was confirmed in Indiana in February of 2022. They remained at $2.07 per dozen last month, according to new numbers released Tuesday.

Turkey and chicken prices also spiked over the past two years, but bird flu wasn't the only factor as feed, fuel and labor costs also soared as part of the widespread inflation that weighed on the entire economy.

The average price per pound of a whole chicken has climbed pretty steadily since it was at $1.62 in January 2022, according to the U.S. Bureau of Labor Statistics latest consumer price data. But it was only at $1.93 per pound in October, up from $1.86 a year ago. Chickens raised for meat haven't been hit as hard by bird flu because that industry is focused in the southeast where there haven't been as many cases, and because those chickens don't live as long before they're killed for meat so there's less chance of infection.

Retail turkey prices aren't tracked the same way, but USDA reports show that wholesale frozen turkey prices averaged $1.15 per pound in October, down from last year's $1.79 per pound and the previous year's $1.35 per pound. And many of this year's turkeys are already in cold storage, so even if more turkey farms get hit by the virus the current holiday supply won't be affected.

Plus, as the National Turkey Federation trade group points out, many retailers like to discount turkey prices heavily in the hopes that consumers will buy the rest of their Thanksgiving fixings at their stores, so consumers might find even lower prices.

"We're in a really good spot for Thanksgiving turkeys," said Jada Thompson, an agricultural economist at the University of Arkansas. "I think there should be a lot of relief coming in the holiday season."

A combination of factors contributed to the sharp drop in bird flu cases this year. Perhaps the most important is that the number of virus cases the USDA has been finding among wild birds has dropped precipitously, suggesting that some ducks and geese may be developing immunity. But farmers also redoubled efforts to keep the virus from infecting their flocks by tightening up biosecurity practices.

Farmers have gone to great lengths by requiring workers to shower and change clothes before entering barns, sanitizing trucks that enter a farm and investing in separate sets of tools for every barn. Some farms have even upgraded barn ventilation and installed laser systems to discourage wild birds from congregating.

"The biggest thing, of course, that we would stress from here is biosecurity, biosecurity, biosecurity," Heard said.

The USDA says the response to the outbreak has cost the government $757 million so far with most of that going to compensate farmers who have to destroy their flocks. Agriculture economists estimate that the industry has also suffered at least another $1 billion in damages from lost sales and other costs though the total cost to the industry hasn't been tallied up.

This outbreak is more widespread than the last big one in 2015 that killed about 50 million chickens and turkeys in 15 states, but it remains less costly as the industry and government apply the lessons learned from that experience.

Officials say bird flu doesn't represent a significant health threat. Human cases are extremely rare and none of the infected birds are allowed into the nation's food supply. Properly cooking poultry and eggs to 165 degrees Fahrenheit (73.89 degrees Celsius) will also kill any viruses.

Bird flu vaccines are being developed and might help in the future, but at this point they remain impractical. Export markets might not accept vaccinated birds, every bird would have to get shots individually and costly testing would be needed.

"It's not economically feasible right now. And not just from the trade aspects, but just for the whole administration of it to the surveillance of it and the cost of all of that," said John Clifford, who advises the USA Poultry and Egg Export Council on trade issues as the former chief veterinary officer for the United States.

Continue Reading...

Popular

Why Bitcoin Cash And Ethereum Classic Are Falling

Bitcoin Cash (CRYPTO: BCH) and Ethereum Classic (CRYPTO: ETC) are trading lower by 3.5% to $308.14 and 4.7% to $29.72 Thursday afternoon.

Some doorbell cameras sold on Amazon and other online sites have major security flaws, report says

NEW YORK (AP) — Some doorbell cameras sold by Amazon and other online retailers have security flaws that could allow bad actors to view footage from the devices or control them completely, according to an investigation published Thursday by Consumer Reports.

Why Gold Is Headed Above $3,000 - Ad

Many experts believe gold is headed to $3,000/oz. or even higher. As this rally picks up... most investors will likely run out and buy an ETF, a gold mining stock, or even bullion. But there's actually a much better way to profit from the emerging gold boom (with just $5.)

Celsius Holdings CEO Sees 'Huge Runway Ahead' As Stock Soars To New Highs

Celsius shares are soaring to all-time highs Thursday following the company's quarterly results. Celsius CEO John Fieldly still sees plenty of runway ahead for the energy drink maker.

His System Isolated Nvidia -- Here's His NEXT Buy - Ad

Marc Chaikin's stock-picking system isolated Nvidia before its massive bull run this year. Now, it just flashed "BUY" on a new AI company that no one is talking about yet. It's not a household name... but Marc predicts it could quickly double or triple from here.

Stericycle Analysts Increase Their Forecasts After Q4 Results

Stericycle, Inc. (NASDAQ: SRCL) reported mixed fourth-quarter financial results on Wednesday.

The jobs market is hot, but layoffs keep coming in a shifting economic environment

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. In a stunning burst of hiring to start the year, the nation added 353,000 jobs in January....

Gold Explodes Past $2,000, Here's What's Next - Ad

After what feels like nearly a decade of disappointing returns, gold is entering a new bull market. You can get started today for just $5.

These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Average long-term US mortgage rises to 6.94% after marking fourth-straight weekly increase

LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose for the fourth consecutive week, another setback for prospective homebuyers just as the spring homebuying season gets going.

Man Who Called $3 Trillion Apple Predicts the Next Trillion Dollar Stock - Ad

In 2007, he predicted Facebook would become a $100B company.... In 2010, he predicted Apple would reach a three-trillion-dollar valuation.... In 2013, he called Bitcoin -- before it rose 50,000% and ultimately reached a trillion-dollar market cap. And now... This A.I. Genius is stepping into the spotlight to predict the next-trillion stock.

Beer maker Anheuser-Busch InBev sees operating profits rise for 2023 despite backlash over Bud Light

FRANKFURT, Germany (AP) — Multinational beer and beverage company Anheuser-Busch InBev — maker of Budweiser, Bud Light, Stella Artois and Corona — reported on Thursday a 7% increase in operating profit for last year, even as as sales sagged in the United States due to a decline in demand for Bud Light.

Bitcoin Gained 164% in 2023 but Crypto Millionaire Abandoned It for This - Ad

A certain crypto genius and millionaire has been praising Bitcoin since it was trading for $61. Even though it gained 164% last year, he's now recommending a different cryptocurrency. In fact, he's betting his own money on and buying it like crazy.

Will the Reddit IPO Turn Into the Next Meme Stock?

Reddit IPO is around the corner. Here are a few reasons why we think this could turn into the biggest meme stock around.

Conservatives Reveal Two Preferred Candidates For Donald Trump's Running Mate At CPAC

At the 2024 Conservative Political Action Conference (CPAC) on Saturday, attendees showed equal interest in two particular vice presidential candidates for former President Donald Trump as he gears up for the p

Crypto Reboot Finally Makes An 8,788% Return Possible [NOT Bitcoin] - Ad

A crypto millionaire is revealing that a different cryptocurrency is going to do even better... It's not simply "buy the dip." Instead, it's a strategy that James learned during the dot com stock market crash. Not only has this strategy worked in a crash... it needs a crash to work best.

This Analyst With 87% Accuracy Rate Sees More Than 14% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

U.S. stocks closed mixed on Friday, while the Dow Jones index gaining more than 50 points during the session. All three major indices recorded gains last week, with the S&P 500 gaining around 1.7% and the Dow adding 1.3% for the week.

URGENT: Do THIS To Avoid Biden's $4.7 Trillion Tax Increase - Ad

Did you know that Joe Biden and his administration proposed a $4.7 trillion tax hike for this year? But a little-known IRS Loophole can keep your money safe. Get the report now before Biden's tax hike can come after your savings.

Top 4 Financial Stocks Which Could Rescue Your Portfolio This Quarter

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Elon Musk Buys A New Windows PC, Fears Signing In Will Give Microsoft AI Access To His Computer: 'This Is Messed Up'

Over the weekend, Tesla and SpaceX CEO Elon Musk alleged that Microsoft Corporation (NASDAQ:MSFT) is forcing him to create an account for using his new laptop. 

Digital Dollar: Convenience or Control? - Ad

Uncover the truth behind the digital dollar. Is it a step towards financial innovation or a leap into surveillance and control? See how you can protect yourself and your money with our free guide.

$1000 Invested In Netflix 15 Years Ago Would Be Worth This Much Today

Netflix (NASDAQ:NFLX) has outperformed the market over the past 15 years by 22.96% on an annualized basis producing an average annual return of 37.07%.

2,000,000 "A.I. Crown Jewels" Set for Mass Production - Ad

A.I. investors...get ready: Because this little-known supplier just received a GIGANTIC order from Nvidia. It's one of the biggest production runs in technology history. And it's part of the reason why Barrons says this supplier could see $100 BILLION in sales by 2025.

Big-Time Bitcoin Bull Michael Saylor Encourages Followers To Keep Stacking Coins But 'Stay Humble'

Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), posted a message on X, formerly Twitter, on Wednesday, encouraging Bitcoin (CRYPTO: BTC) holders to “Stay Humble. Stack Sats.”

A collection of the insights Warren Buffett offered in his annual letter Saturday

Billionaire Warren Buffett is known as one of the world's greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing.

IRS Planning to Raid Your Retirement? - Ad

The government's new tax plan could slash your retirement savings, and traditional retirement strategies may no longer be able to shield your IRA or 401(k). An overlooked IRS loophole offers a legal way to protect your nest egg. Learn how to keep your retirement dream intact with this 100% free report.

Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling

The Nasdaq 100 closed higher by around 0.2% on Thursday. Investors, meanwhile, focused on some notable insider trades.

NYC’s plan to ease gridlock and pump billions into mass transit? A $15 toll for Manhattan drivers

NEW YORK (AP) — Between bridge and tunnel tolls, parking fees and the ever-present risk of getting a traffic ticket, it can already cost a mint to drive into Manhattan.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

UK PM Backs Plan To Divert Billions From Frozen Russian Assets To Aid Ukraine: 'We Must Be Bolder With Our Military Support'

UK Prime Minister Rishi Sunak has voiced his support for the proposal to send billions of pounds in interest from frozen Russian assets to Ukraine. This announcement was made during the commemoration of the second anniversary of the Russian invasion of Ukraine.

Fundrise CEO Predicts Coastal Real Estate Markets Are Going To Start Declining

The real estate market is expected to undergo rampant changes as the macroeconomic and geological factors pile on. One of the most significant changes is the declining demand for coastal real estate as the climate change concerns amp up.

Musk, Dalio and Cuban Are Loading Up on This One Coin - Ad

Mark Cuban proclaimed this coin "will dwarf Bitcoin." And Elon Musk made sure it was one of the only three coins he owns. It's called the Next Gen Coin... As this presentation explains, this coin has the ability to "power the rails of global finance"... a $100 trillion industry.

Trump Goes After 'Crooked' Judge And 'Totally Corrupt' Attorney General After $355M Fine And 3-Year Ban In New York Civil Fraud Ruling: 'Witch Hunt'

Donald Trump criticizes a New York State judge's ruling imposing a $355 million fine and a three-year ban on company leadership, labeling it as "unAmerican" and part of a broader "witch hunt" against him.

Jim Cramer Tells Investors To 'Do The Homework' And Look Beyond Earnings Figures: '...Causing People To Make Snap Judgments'

CNBC's Jim Cramer has advised investors to look beyond the numbers in financial reports, saying that the current method of reporting is leading to false judgments.

Act by April 14 - Ad

The last of three historically bullish crypto events is expected to happen around April 14. It's only the fourth time in crypto history. The last time, in 2020, certain altcoins exploded. Some as high as 531,735% or even a 953,018% gain. A tiny $100 investment would have returned just short of a million dollars.

Why Is Behavioral Health-Focused LifeStance Health Stock Trading Higher Thursday?

LifeStance Health reports 22% jump in Q4 2023 revenue of $280.60 million. Clinician base expands by 18%, visit volumes increase by 20%. Strong guidance for FY 2024, making LFST a compelling long-term investment.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service