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If you feel as if a little less money was spent preparing for your Thanksgiving Feast this year you are probably correct.
Local grocers and the Louisiana Farm Bureau Federation — and their national counterpart — agree that several factors have kept key elements of your Thanksgiving meal about the same as last year, meaning no increase, and that the traditional centerpiece actually cost a little less.
“The retail price of turkeys is lower than they have been in years, that is mainly because retailers are being very aggressive to get the holiday shopper in their stores,” said Donny Rouse, CEO of Thibodaux-based Rouses Supermarkets . “The price of sides such as sweet potatoes, green beans, and dressing mix are low-priced just as they are every year.”
Vince Cannata of Cannata’s Family Markets, agrees with the overall assessment.
“Prices are stable,” Cannata said. “The Saints are winning and so is Nicholls so there is a lot to be thankful for.”
Cannata was referencing the football victories of both the New Orleans Saints and the Nicholls State University over the weekend.
The opera lady has not yet sung for either the football teams or Thanksgiving activity stores the area will generate. In addition to last-minute fresh turkeys ready for home cooking, Rouses and Cannata’s are among stores that will sell a cooked turkey with all the trimmings.
“More folks are opting to let us do the cooking,” Cannata said. “With friends and family coming in from out of town, those who moved away and then are coming home, rather than be stuck behind the oven or stove all day people trust us with their home-cooked meals.”
The stores sometimes have a few extra pre-cooked turkeys that are available for emergencies.
“There is invariably someone who didn’t order enough,” Cannata said.
The American Farm Bureau Federation’s 32nd annual price survey of classic items found on the Thanksgiving Day dinner table indicates the average cost of this year’s feast for 10 is $49.12, a 75-cent decrease from last year’s average of $49.87.
“The big ticket item – a 16-pound turkey – came in at a total of $22.38 this year,” the bureau said in its annual survey. “That’s roughly $1.40 per pound, a decrease of 2 cents per pound, or a total of 36 cents per whole turkey, compared to 2016.:
“For the second consecutive year, the overall cost of Thanksgiving dinner has declined,” AFBF Director of Market Intelligence Dr. John Newton said. “The cost of the dinner is the lowest since 2013 and second-lowest since 2011. Even as America’s family farmers and ranchers continue to face economic challenges, they remain committed to providing a safe, abundant and affordable food supply for consumers at Thanksgiving and throughout the year.”
The shopping list for Farm Bureau’s informal survey includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a veggie tray, pumpkin pie with whipped cream, and coffee and milk, all in quantities sufficient to serve a family of 10 with plenty for leftovers.
Consumers continue to see lower retail turkey prices due to continued large inventory in cold storage, which is up almost double digits from last year, Newton explained.
Foods showing the largest decreases this year in addition to turkey, were a gallon of milk, $2.99; a dozen rolls, $2.26; two nine-inch pie shells, $2.45; a 3-pound bag of sweet potatoes, $3.52; a 1-pound bag of green peas, $1.53; and a group of miscellaneous items including coffee and ingredients necessary to prepare the meal (butter, evaporated milk, onions, eggs, sugar and flour), $2.72.
“Milk production has increased, resulting in continued low retail prices,” Newton said. “In addition, grocers often use milk as a loss leader to entice consumers to shop at their stores.”
Items that increased modestly in price were: a half-pint of whipping cream, $2.08; a 14-ounce package of cubed bread stuffing, $2.81; a 30-ounce can of pumpkin pie mix, $3.21; a 12-ounce bag of fresh cranberries, $2.43; and a 1-pound veggie tray, $.74.
“Whole whipping cream is up about 4 percent in price, due to increased consumer demand for full-fat dairy products,” Newton said.
The stable average price reported this year by Farm Bureau for a classic Thanksgiving dinner tracks with the government’s Consumer Price Index for food eaten at home. But while the most recent CPI report for food at home shows a 0.5 percent increase over the past year, the Farm Bureau survey shows a 1.5 percent decline.
After adjusting for inflation, the cost of a Thanksgiving dinner is $20.54, the lowest level since 2013.
A total of 141 volunteer shoppers checked prices at grocery stores in 39 states for this year’s survey. Farm Bureau volunteer shoppers are asked to look for the best possible prices, without taking advantage of special promotional coupons or purchase deals, such as spending $50 and receiving a free turkey.
Shoppers with an eye for bargains in all areas of the country should be able to purchase individual menu items at prices comparable to the Farm Bureau survey averages. Another option for busy families without a lot of time to cook is ready-to-eat Thanksgiving meals for up to 10 people, with all the trimmings, which are available at many supermarkets and take-out restaurants for around $50 to $75. The AFBF Thanksgiving dinner survey was first conducted in 1986. While Farm Bureau does not make any scientific claims about the data, it is an informal gauge of price trends around the nation. Farm Bureau’s survey menu has remained unchanged since 1986 to allow for consistent price comparisons.
