Thanksgiving Turkey Cheaper This Year?

If it's your year to buy the Thanksgiving turkey, you're in luck! Turkey prices are lower this year than 2013.

The turkey, which is typically the meal's big-ticket item, is selling for $21.65 ($1.35 per pound) for a 16-pound turkey, according to an annual survey by the American Farm Bureau Federation (AFBF).

The price is down one cent per pound, or 11 cents for the whole bird.

"It's attractive to feature turkey around Thanksgiving to get people in the store," John Anderson, AFBF's deputy chief economist, said to Bloomberg. "Part of what's allowing them to do this is energy costs have been down quite a bit, and that helps them maintain their margins."

The National Turkey Federation credits more than 20 percent of the year's turkey consumption to Thanksgiving dinner.

The AFBF survey was conducted by 179 volunteer shoppers who checked the prices of turkeys, among other groceries, in supermarkets in 35 different states in the U.S. - without taking any promotions or specials into consideration.

The survey is considered by the group as an informal gauge of food trends.

Tags
Thanksgiving, Turkey, Dinner
Real Time Analytics