The Federal Reserve is encouraging Americans to combat soaring meat price inflation by swapping turkeys for soybean products this Thanksgiving.
"Between 1990 and the time of this writing, the average global price of poultry has been 6 times higher than the price of soybeans," reports the St. Louis Fed.
"As of the third quarter of 2021, a hearty Thanksgiving dinner serving of turkey costs $1.42. A tofurkey (soybean) dinner serving with the same amount of calories costs $0.66 and provides almost twice as much protein. Keep in mind that this plant-based meal would be almost 3 times larger by weight than the poultry-based meal and may either keep you at the dinner table longer or provide you with more leftovers."