Thanksgiving Meal 2020
Thanksgiving will cost you less this year and not just because, for many families, the number of guests is less.
American Farm Bureau Federation Chief Economist John Newton says the average cost of a Thanksgiving meal for 10 is $46.10, down 4% from 2019. That’s the lowest since 2010.
Turkey prices are down 7% at 1.21$ per pound.
Newton says the cost for sweet potatoes is also lower along with whipping cream for the pumpkin pie.
“We’ve seen a half-pint of whipping cream, the price for that came in a $1.74. That was down 16% compared to year-ago levels. I think reflects what we’ve seen in the dairy industry and quite frankly the butter industry this year. So much butter went into the restaurant channels. That has impacted butter demand and as a result, we see more affordable whipping cream at the store this year.
When it comes to grains, we will be spending more for some items.
“ Some of our wheat products; rolls have gone up in price to $2.66 for a dozen. That’s up 6% from last year and we have seen higher wheat prices this year. And I think that contributes to some of that price change.
And for families that choose the non-traditional Thanksgiving meal. Pork prices may surprise you.
“The price of ham came in at $9.16 and that’s unchanged from last year. Considering that wholesale prices are up nearly 30% that’s fantastic for the consumer.”
All prices are taken from the 2020 American Farm Bureau Federation Thanksgiving Meal Cost Survey. This is the 35th annual survey.