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Turkey prices drop 6% due to cooling demand; Thanksgiving meal costs 19% more than pre-pandemic; Other ingredients' prices fall, processed items rise The trend is predicted to continue on into 2024. Recent estimates released by Wells Fargo show turkey prices dropping 16% compared to 2023. The lower price may sway some to choose turkey over ham this year. (NewsNation) — Thanksgiving dinner will cost less this year thanks to lower turkey prices, according to the American Farm Bureau Federation’s annual survey released Wednesday. The survey found that a classic feast for 10 will cost $58.08 this year, a 5% decrease from 2023 and down from a record high of $64.05 in 2022. Best Turkey Prices For 2024 (As low as .29/LB!) When it comes to finding the best price on your Thanksgiving Turkey, we have you covered. Once again this year, we’re rounding up the best turkey prices at grocery stores across the nation! NOTE: Check back frequently as stores are marking prices daily. For 2024, cranberries decreased in price compared to the previous year. A 12-ounce bag of fresh cranberries in 2024 typically costs around $2.35, an 11.8% increase from last year. Prices for some Thanksgiving products are still going up: A 30-ounce box of pumpkin pie mix now costs an average of $5.56, up 6% compared with a year ago and nearly 70% more than five years ago... Thanksgiving dinner will cost less this year than last but will still be 19% higher than before the pandemic, according to the American Farm Bureau Federation’s annual Thanksgiving survey out ... For 2024, the cost for a holiday meal for 10 people averaged about $58.08, down 5% from 2023. Despite the lower supply, demand for turkey has fallen this year and prices have followed. The farm bureau's volunteer shoppers found a 16-pound turkey costs $25.67 on average – a 6% decrease ...
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