Potatoes, especially Russet style - now at an all-time high, 14% over a year ago - could also potentially see consumers peeling back their spending this fall. Canned green beans have risen 9% compared to the year prior, also. Swanson added that canned pumpkins also bibbity-bobbity-booped up 30% from 2022 as well. Some parts of the Thanksgiving meal will still be pricey even though turkey costs are down. Then again, there could be a workaround - fresh cranberries are down about 20%. Consumers could get jammed up buying canned cranberries - they’ve soared 60% over last year’s already inflated prices. Still, not everything on the table this third Thursday of November will be as cost efficient, according to the report. “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, adding that truck availability is another element to this. It noted that much of the price drop is tied to an industry response that’s seen barns with up to 3% more birds, along with other favorable economics within supply chains. Wells Fargo also released a new report analyzing the costs of common Thanksgiving grocery items earlier this week. “Historically we see a big drop in the two weeks before Thanksgiving,” he said. Target offers Thanksgiving feast for less than $25 as inflation rages Turkey prices are down this fall for a bevy of reasons. There may be more price dips to come as well. Swanson added that store prices on 10 to 15 pound turkeys dropped 13% in October, compared to that month in 2022. Retail giant Target is already offering a 10 pound turkey for less than $25. “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.” “There’s been a big collapse in retail prices for turkey,” Michael Swanson, chief agriculture economist with Wells Fargo Agri-Food Institute told CNN Business. The expected break comes as a third of consumers are anticipating to once again pay steeper prices for their Thanksgiving groceries, according to insights from a recent consumer behavior report by Circana. The news is certainly something to gobble about after last year’s struggle at the supermarket, where bird prices flew 75% higher, due to ongoing supply issues exacerbated by the avian flu outbreak. Here’s some delicious news we can all be grateful for.Īfter years of household budget-smashing inflation, American families can finally expect to catch a break on the cost of the traditional Thanksgiving turkey this year. Jordan predicts the wholesale price of a frozen, 8-16 pound turkey hen the type typically purchased for Thanksgiving will hit 1.77 per pound in November, up 28 from the same month last year. Whoopi Goldberg slams critics of Dolly Parton’s Dallas Cowboys cheerleader outfit: ‘Bite me’ Ryan Phillippe posts rare photo with his and Alexis Knapp’s daughter, Kai, 12 Jennifer Aniston asks fans to support Matthew Perry Foundation after his death: ‘He would have been grateful’ Secretary of Agriculture Tom Vilsack said there are enough birds for all - though they might be less impressive than expected.Young couple who recently moved from NYC killed in Connecticut Thanksgiving crash, 3 kids injured 16 frozen whole turkeys have dropped to an average of 95 cents a pound, according to the USDA's latest report.Īs for concerns that the bird flu outbreaks would mean a shortage of turkeys, U.S. 10 weekly report: the USDA said retailers were dropping prices with the "intent of bringing the consumer through their door." In other words, supermarkets still believe in loss leaders.ĭue in large part to these price-cutting measures, for the period ending Nov. The chain, which has more than 400 locations in New England and the mid-Atlantic region, is also offering to match other retailers' advertised prices on holiday birds through Thanksgiving. Stop & Shop has also frozen the price of Shady Brook Farms frozen turkeys at 49 cents per pound, the cost in 2021. 24 a choice of one of several free entrees - including a frozen turkey (up to 21 pounds), an Empire kosher frozen chicken (up to 7 pounds) or a 96-ounce Stouffer's frozen lasagna. To get the discount, shoppers must be members of myLidl, Lidl's free loyalty program.Īt its 300-plus locations across the US, ShopRite is offering Price Plus club members who spent $400 by Nov. Touting a Thanksgiving dinner for under $30, Lidl's Thanksgiving basket includes a 13-pound turkey and many other holiday dishes. In Dallas, Aldi stores were selling frozen turkeys for as low as $1.07 a pound, the Dallas Morning News reported.Īnother discount supermarket chain, Lidl, has been selling turkeys for as low as 49 cents a pound since Nov. President Dave Rinaldo said in a press release. "We expect to welcome tens of millions of customers in our stores this Thanksgiving season, and we want them to know they can count on us, Aldi U.S.
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