Turkey prices decrease and overall meal cost decreases slightly

  • Cost of Thanksgiving dinner for 10 people has dropped 4.5% from last year
  • Turkey prices have decreased by 5.6% due to the recovery from avian influenza
  • Overall cost of Thanksgiving meal is $61.17, or $6.12 per person
  • Adding other dishes would raise the cost to $84.75, or $8.48 per person
  • Biggest price increases were for canned pumpkin pie mix and dinner rolls
  • Prices dropped for whipping cream and fresh cranberries due to larger supply and imports
  • Thanksgiving meal still costs 25% more than in 2019
  • Northeast has the highest cost at $64.38, Midwest is the cheapest at $58.66
  • Americans spend the lowest percentage of disposable income on food compared to other countries

Public Companies: American Farm Bureau Federation (null), Cranberry Marketing Committee (null)
Private Companies:
Key People:

Factuality Level: 8
Justification: The article provides specific information about the cost of a traditional Thanksgiving feast for 10 people, including the price of a turkey and other ingredients. It also mentions the recovery of turkey flocks from avian influenza, which contributed to the drop in turkey prices. The information is sourced from the American Farm Bureau Federation’s annual survey and the Cranberry Marketing Committee. However, the article does not mention any potential biases or limitations of the survey, and it does not provide a comprehensive analysis of the factors affecting the cost of Thanksgiving dinner.

Noise Level: 7
Justification: The article provides information on the cost of a traditional Thanksgiving feast and the factors that have contributed to the decrease in turkey prices. It includes data from the American Farm Bureau Federation’s annual survey. However, the article lacks depth and analysis beyond the basic information provided. It does not explore the implications of the cost of the meal on different demographics or discuss any potential long-term trends or antifragile systems in the food industry.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events.

Reported publicly: www.marketwatch.com