Yes, there are turkeys for Thanksgiving – for a price

Yes, there are turkeys for Thanksgiving – for a price

“The inflation is real. Everybody is saying that. Everybody is feeling it,” said Butterball President and CEO Jay Jandrain. “Whether it’s labor, transportation, packaging materials, energy to fuel the plants — everything costs more.” North Carolina-based Butterball, which supplies around one-third of Thanksgiving turkeys, struggled to attract workers earlier this year, leading to processing delays. While turkeys waited, they grew bigger, adding to already skyrocketing costs for corn and soybean feed.

The Thanksgiving table hasn’t been spared the price inflation that is rampant elsewhere in the economy because of strong consumer demand and labor shortages. The American Farm Bureau estimates a Thanksgiving feast for 10, complete with sweet potatoes, rolls, a vegetable tray and a pie with whipped cream, will cost $53.31 this year, up 14% from a year ago. It’s an unusual spike. Before this year, the annual cost estimate had been falling since 2015. More from AP LifestylesYes, there are turkeys for Thanksgiving – for a priceSalsa verde tacos salvage dry leftover turkeyTarget to keep stores closed on Thanksgiving for goodBrit Awards scrap separate male, female prize categories

But Jandrain said labor shortages have lessened and the company was able to secure enough trucks to get its turkeys to grocery stores. So there will be about the same number of whole turkeys as last year, but fewer smaller birds. “The good news about that is everybody loves the after-Thanksgiving leftovers, and they are going to have more of them this year,” Jandrain said.

According to the U.S. Department of Agriculture, the average wholesale price of an 8- to 16-pound frozen turkey in mid-November was $1.35 per pound, up 21% from a year ago. For other staples, weather conditions compounded labor shortages. Pumpkin crops were smaller due to heavy rains and a fungus in Illinois — a top supplier — and drought in California. In early November, fresh pumpkins were averaging $2.72 per pound, up 5% from a year ago, according to Nielsen IQ. Prices for green beans were up 4% while canned cranberry sauce was up 2.5%. Ryanne Bowyer of Dallas, Texas, usually buys turkey a day or two after Thanksgiving to save money. But this year, she signed up for Ibotta, a receipt-scanner app, which gave her a turkey, potatoes, corn, soup, gravy and cornbread from Walmart — all free — just for signing up. “If that hadn’t come along, the plan was just to go to the woods with my wife and grill wieners,” Bowyer joked.

Still, many retailers facing cost pressures of their own are pulling back on their usual Thanksgiving promotions. In the week before Thanksgiving, the number of U.S. stores offering specials on turkeys was at the lowest level since 2017, said Mark Jordan, the executive director of Leap Market Analytics, which follows the livestock and poultry markets. “There will still be some discounts, but some of the extreme giveaways are going to be fewer and farther between,” Jordan said.

The News Highlights

  • Yes, there are turkeys for Thanksgiving – for a price
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Motorola Razer 5G Folding Phone is on sale at 45 percent off, plus many other great deals from Moto Cyber ​​​​Monday
Motorola Razer 5G Folding Phone is on sale at 45 percent off, plus many other great deals from Moto Cyber ​​​​Monday
Motorola One 5G Ace is marked down to $287.99 at Amazon (save $112). It features a similar Qualcomm SM7225 Snapdragon 750G 5G chip and uses a 6.7-inch screen ...
The hinge of Huawei's first folding shell has been redesigned
The hinge of Huawei’s first folding shell has been redesigned
Zhaoli Technology provided this information, which was obtained from industry sources. Huawei is said to have spent a long time developing this revolutionary ...
Katrina Kaif's mother loses her phone and a fan asks photographers to check her WhatsApp: 'The wedding guest list would be there,' says the narrator. Bollywood movies to watch
Katrina Kaif’s mother loses her phone and a fan asks photographers to check her WhatsApp: ‘The wedding guest list would be there,’ says the narrator. Bollywood movies to watch
Fans reacted to the video in the comments section. “Break the suspense. Did she take her phone back or gone?” one asked. “Full story, what happens next?” ...
Cooper, Tank, Zeke status going to Thursday
Cooper, Tank, Zeke status going to Thursday
As for a player who hasn’t missed any time but still needs to be mentioned is Ezekiel Elliott, who has managed a knee injury for nearly two months. Jones said ...
Candidates attack each other’s campaign finances
Candidates attack each other’s campaign finances
Candidate Luis Daniel Muñoz has also called on Magaziner to repay the $700,000 personal loan as part of any People’s Pledge agreement.  “Today, our ...
On iOS and Android, 'Rocket League Sideswipe' is released globally
On iOS and Android, ‘Rocket League Sideswipe’ is released globally
Like the original, Sideswipe is all about that car soccer life, but with a 2D side-on instead of a 3D view. It uses touch controls designed to be easy to ...
MacBooks Cyber ​​Deals Monday 2021: The Best After Black Friday Savings
MacBooks Cyber ​​Deals Monday 2021: The Best After Black Friday Savings
Black Friday weekend continues to offer tons of excellent holiday deals on Apple products. We expect more of the same when it comes to Cyber Monday’s online ...
PlantX Reports 2nd Quarter 2022 Financial Results
PlantX Reports 2nd Quarter 2022 Financial Results
These strategies included launching new brick-and-mortar positions in San Diego, California, And Venice BeachAnd California Announcing new physical locations ...
Mohegan Gaming Completes Funding for South Korean Project
The Central Bank of Nigeria requires financial institutions to develop products based on their CBDC
During this meeting, Mohammed is reported to have also reassured participants that the central bank is not competing against financial institutions or other ...
Microsoft Launches Xbox Cloud Gaming On Edge with Clarity Boost
Microsoft Launches Xbox Cloud Gaming On Edge with Clarity Boost
There’s been some rumors that Microsoft would be introducing something for Cloud gaming, and now it seems that will be Clarity Boost. It will use client-side ...
Show next
We will be happy to hear your thoughts

      Leave a reply

      Compsmag - Latest News In Tech and Business
      Logo