![]() ![]() ![]() Ukraine is normally a major exporter of corn, and the loss of that supply has caused global prices to soar. Department of Agriculture.Įgg prices would have been higher even without the flu, Anderson said, because of the rising cost of the corn and soybean meal used for chicken feed. In the second week of November, a dozen Grade A eggs were selling for an average of $2.28, more than double the price from the prior year, according to the U.S. And higher ham prices are giving cooks fewer cheap alternatives, he said.Īvian flu also pushed egg prices into record territory, Anderson said. Butterball - which supplies around one-third of Thanksgiving turkeys - said avian flu impacted only about 1% of its production because of security measures it put in place after the last big bout of flu in 2015.īut it could be harder for shoppers to find turkey breasts or other cuts, Jordan said. CNN Sans ™ & © 2016 Cable News Network.And not every producer was equally affected. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account The bureau has conducted the annual survey using the same menu since 1986. The national average for the Thanksgiving meal was calculated by checking prices in all 50 states and Puerto Rico from November 1 to 6.ĪFBF volunteer shoppers, who checked prices in person and online at grocery stores, looked for the best possible prices without promotions or deals. ![]() The Northeast has the most expensive meal price at $64.38 for the 12-item basket. “While shoppers will see a slight improvement in the cost of a Thanksgiving dinner, high inflation continues to hammer families across the country, including the nation’s farmers,” Zippy Duvall, president of the AFBF, said in a statement.īut Midwesterners will have access to the most affordable meal items, totaling $58.66 this year. Just a few items in the Thanksgiving meal rose in cost this year, including dinner rolls, sweet potatoes, pumpkin pie mix, carrots and celery, the AFBF said. Whipped cream, cranberries and pie crusts also saw drops from last year, with a half pint of whipping cream costing $1.73 on average, a 12-ounce bag of fresh cranberries coming it at $2.10 and two frozen pie crusts retailing on average for $3.50. “Turkey prices have fallen thanks to a sharp reduction in cases of avian influenza, which have allowed production to increase in time for the holiday.” “Traditionally, the turkey is the most expensive item on the Thanksgiving dinner table,” Veronica Nigh, senior economist at the AFBF, said in a statement. A drop in input costs also helped, like the cost of refrigerated trucks to move supply around the country, according to Michael Swanson, chief agriculture economist with Wells Fargo Agri-Food Institute. The USDA says controlling the spread of avian bird flu also helped lower prices.Īn annual report by Wells Fargo found the industry added 2% to 3% more birds into barns to boost the Thanksgiving supply. The US Department of Agriculture (USDA) told CNN that with Thanksgiving now one week away, promotions for turkeys have reached their peak and that prices will be further reduced due to these discounts. And the AFBF says prices of turkeys are expected to drop further. The dinner’s centerpiece and most expensive item – a 16-pound turkey – costs $27.35 on average, down 5.6% from last year. Food prices were up 3.3% from the same month a year ago.īut you can thank turkeys for the lower meal cost this Thanksgiving. Tuesday’s Consumer Price Index report showed prices for food rose by 0.3% in October from the previous month, according to the Bureau of Labor Statistics. While this year’s Thanksgiving dinner is more affordable compared to last year, it is still up 25% from 2019, underscoring price increases since the pandemic. Going for seconds this Thanksgiving won’t be so painful – for your wallet.Ī Thanksgiving meal of twelve classic items for 10 people will cost $61.17 on average – a 4.5% drop from last year’s record high average of $64.05, according to a new survey from the American Farm Bureau Federation (AFBF) on Wednesday.
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