New York (CNN) — Something wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget. “There’s been a big collapse in retail prices for turkey,” said Michael Swanson, chief agriculture economist with Wells Fargo Agri-Food Institute. “Because turkey prices are...
Published Nov 1, 2023 9:06 PM CETCanned food is still costlier heading into the Thanksgiving month compared to last year. Something wild has happened with turkey prices that’s going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget.
Store prices for the 10-to 15-pound turkey, typically the star of the holiday dinner, have dropped 13% in October compared to the same month last year, said Swanson. Drop in turkey prices could bring down the overall cost of a Thanksgiving home-cooked meal this year. “A year ago, refrigerated trucks were charging $3.80 per mile on average. Now, the most recent rate quoted by the USDA was $3.30 per mile,” he said. There’s also more availability of trucks, which has freed up supply and brought down the cost for the food industry, he said.“Historically we see a big drop in the two weeks before Thanksgiving,” he said, adding that 84% of whole fresh turkeys are typically sold in November.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Florida roofing company giving free turkey, AR-15 with roof purchase as part of Thanksgiving specialThe company's president says customers must pass a background check and can't have any felonies. If they're all good to go, they can pick up their AR-15 in three days.
Read more »
Florida roofer offers customers AR-15, turkey with Thanksgiving purchaseA Florida roofing company is giving out AR-15s and turkeys to customers who buy new roofs, according to the president of Roof EZ in Cape Coral.
Read more »
Turkey prices have dropped by a lot as Thanksgiving planning ramps upSomething wild has happened with turkey prices that's going to make the cost of cooking the Thanksgiving meal more palatable to families on a tight budget.
Read more »
New Macy's Thanksgiving Day Parade balloons go for a spin at annual BalloonfestA test flight was held for the new balloons joining the parade in the parking lot at the Meadowlands Sports Complex.
Read more »
Turkey's main opposition elects Ozgur Ozel as new leader in run-up to local electionsTurkey's main opposition Republican People's Party (CHP) late on Saturday elected Ozgur Ozel as its new leader, ending a 13-year term for incumbent Kemal Kilicdaroglu, as the country gears for important local elections in March 2024.
Read more »
Turkey's main opposition party elects Ozgur Ozel as new leaderTurkey’s main opposition party has voted for fresh leadership, five months after a devastating election defeat that saw President Recep Tayyip Erdogan extend his two-decade rule. Ozgur Ozel replaced Kemal Kilicdaroglu after delegates of the Republican People’s Party, or the CHP, elected him as new leader.
Read more »