https://www.yahoo.com/finance/news/turkey-prices-dropped-lot-thanksgiving-120103122.html
Turkey prices have dropped by a lot as Thanksgiving planning ramps up
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 down so much, and that’s the centerpiece of the meal, celebrating Thanksgiving at home will be more advantageous this year for families,” he said.
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.
The decrease in shelf prices for the bird also coincides with an even more dramatic 29% slump in the wholesale price for turkey this October versus a year ago, according to Wells Fargo’s new Thanksgiving food report, which was released Wednesday.
The annual report analyzes the outlook for key grocery items – such as turkey, cranberries, and sweet potatoes – that comprise the quintessential Thanksgiving Day dinner. Swanson said the data is pooled from a variety of sources, including point-of-sale data from market research firm Circana and wholesale prices data from the USDA Livestock Marketing Information Center.
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