SAN ANTONIO - With summer in full swing and the Fourth of July holiday tomorrow, many will be dealing with high food costs when it comes to cookouts.This year
This year the average cookout will cost $71.22 to feed 10 people, according to a new survey by the American Farm Bureau Federation . SAN ANTONIO - With summer in full swing and the Fourth of July holiday tomorrow, many will be dealing with high food costs when it comes to cookouts.. This marks a five percent increase from last year and a nearly 30 percent increase from just five years ago.
The cookout favorites include cheeseburgers, chicken breasts, pork chops, homemade potato salad, strawberries and ice cream, among other products. According to the survey, several factors have influenced food costs. Drought conditions in recent years have forced ranchers to sell many cattle therefore reducing the amount of ground beef available for the summer.
The retail price for two pounds of ground beef increased 11 percent to $12.77. On the other hand, the price of chicken is down four percent from last year, at $7.83 for two pounds. “Higher prices at the grocery store reflect a number of challenges facing America’s families. Lower availability of some cookout staples and inflation are hitting people in their wallets,” said AFBF Chief Economist Roger Cryan. “Farmers are also feeling the effects of high prices. They’re price takers, not price makers. Their share of the retail food dollar is just 15%, but they still pay elevated fuel, fertilizer and other supply prices.
Food Costs AFBF Ground Beef Price Increase Inflation Fourth Of July American Farm Bureau Federation
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