Knapp and her partner plan to make a practice meal on Thanksgiving and a second meal for relatives in early December. Lauren Knapp, an economist in Rochester, New York, bought two frozen turkeys on sale weeks earlier than she might have because she worried about shortages. Higher prices could encourage farmers to raise and slaughter more turkeys next year.įor some shoppers, availability - not price - was the biggest concern this year. its lowest per capita supply of turkey since 1987, Jordan said. The industry slaughtered 159 million turkeys in the first nine months of 2021, giving the U.S.
That could help the turkey business, however, which for years has faced faltering demand for parts like turkey breasts and deli meat. Feed costs remain elevated, along with labor and transportation costs. Higher turkey prices could persist into 2022, Jandrain said. “We still think it's a good bargain to be able to serve that many people,” she said. Other staples they serve, including black beans and yucca, haven't increased in price, she said. Jepsen's husband, George Jepsen, the former attorney general of Connecticut, cooks the turkey, following his mother-in-law's recipe. Her Cuban-American family bastes the turkey in a mojo criollo marinade. Jepsen will celebrate Thanksgiving with 21 family members, including her 96-year-old mother. But she still thinks that's a good value, especially compared to the recent price increases she has seen for beef and chicken. This year, her 23-pound Butterball cost $1.50 per pound. “There will still be some discounts, but some of the extreme giveaways are going to be fewer and farther between,” Jordan said.ĭiana Jepsen, a retiree from West Hartford, Connecticut, said she usually pays $1 per pound for her Thanksgiving turkey. 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. In the week before Thanksgiving, the number of U.S. Still, many retailers facing cost pressures of their own are pulling back on their usual Thanksgiving promotions. “If that hadn't come along, the plan was just to go to the woods with my wife and grill wieners,” Bowyer joked.
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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. Ryanne Bowyer of Dallas, Texas, usually buys turkey a day or two after Thanksgiving to save money. Prices for green beans were up 4% while canned cranberry sauce was up 2.5%. In early November, fresh pumpkins were averaging $2.72 per pound, up 5% from a year ago, according to Nielsen IQ. Pumpkin crops were smaller due to heavy rains and a fungus in Illinois - a top supplier - and drought in California. For other staples, weather conditions compounded labor shortages. 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. “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.Īccording to the U.S. So there will be about the same number of whole turkeys as last year, but fewer smaller birds. While turkeys waited, they grew bigger, adding to already skyrocketing costs for corn and soybean feed.īut Jandrain said labor shortages have lessened and the company was able to secure enough trucks to get its turkeys to grocery stores. North Carolina-based Butterball, which supplies around one-third of Thanksgiving turkeys, struggled to attract workers earlier this year, leading to processing delays. “Whether it's labor, transportation, packaging materials, energy to fuel the plants - everything costs more.” Everybody is feeling it,” said Butterball President and CEO Jay Jandrain. Before this year, the annual cost estimate had been falling since 2015. 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. 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. But their prices can soar - along with the costs of other holiday staples like cranberry sauce and pie filling.
First, the good news: There is no shortage of whole turkeys in the U.S.
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