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November 25, 2004
Some Business Facts Appropriate for Thanksgiving
Topic: 4) A Random Walk
Thought I would post some business facts related to Thanksgiving. The facts:

- the US does not import that much turkey (between January and August 2002 total imports was around $12 million)
- in 2001, the turkeys produced weighed 7.2 billion pounds altogether and were valued at $2.8 billion
- $1 was the cost per pound in December 2001 of a frozen whole turkey (based on the prior fact, those feathers must weigh a lot [smile]!)
- $1.49/pound was the 2004 offering price of fresh Rosebud turkeys by Peapod (for Nov. 19 - Nov. 24)
- 13.6 pounds was the amount of turkey consumed by the typical American in 2000
- my kids have a hard time chewing turkey (based on the prior fact, some people are eating a lot of turkey to compensate for my kids!)
- ConAgra (owner of the Butterball label) had 2003 revenue of $19.8 billion (that's not all turkey!)

Sources:, ConAgra financials

Steve Shu
Managing Director
S4 Management Group

Posted by sshu-s4 (c) S4 Management Group LLC at 12:01 AM CST
Updated: November 25, 2004 12:25 PM CST
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November 26, 2004 - 9:17 AM CST

Name: Darren

[ Interestingly enough, our modern celebrations of Thanksgiving only date back to 1863. During the Civil War, when the Union needed all patriotism that such an observance might muster, Abraham Lincoln proclaimed Thanksgiving a national holiday. The Pilgrams had nothing to do with it; not until the 1890s did they even get included in the tradition. For that matter, no one used the term Pilgram until the 1870s. (Pilmoth Plantation: "The American Thanksgiving Tradition, or How Thanksgiving Stole the Pilgrims" (Plymoth, Mass.: n.d., photocopy); Stoddard, The Truth about the Pilgrams, 13.) ]

Source: Lies my History Teacher Told Me, James W. Lowen

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