Thanksgiving 2024 brings excellent news for many People: the price of a turkey has dropped 12% in comparison with final 12 months. But, Californians proceed to face the best turkey costs within the continental United States, with a 15-pound chicken averaging $39.85, based on a brand new evaluation from FinanceBuzz.
This 12 months’s information reveals vital disparities in turkey costs throughout the nation, with customers in Hawaii paying essentially the most. A 15-pound chicken within the Aloha State will set the vacation finances again $52.85, practically 70% greater than the nationwide common of $31.16. Alaska follows intently behind at $44.85, reflecting the persistent excessive value of dwelling in non-contiguous states the place transportation of products considerably raises costs.
For mainland residents, California’s turkey costs lead the pack. A 15-pound Butterball turkey within the Golden State averages $39.85, a notable bounce in comparison with different states within the contiguous U.S.
Hawaii: The Nation’s Most Costly Turkeys
Hawaii tops the checklist of states with the priciest turkeys, with a 15-pound chicken costing a mean of $52.85. The excessive transportation prices to the islands considerably contribute to this hefty price ticket.
Alaska: Excessive Costs within the Final Frontier
Alaska follows intently, with a 15-pound turkey averaging $44.85.
Like Hawaii, the state’s distant location and dependence on imported items make vacation feasts an costly affair.
California: Mainland’s Costliest Thanksgiving Turkeys
Mainland customers in California face the best turkey costs, with a 15-pound chicken averaging $39.85.
Excessive demand and elevated dwelling prices within the Golden State push costs increased than most different states.
Connecticut: East Coast Costs Rank Excessive
Connecticut experiences one of many highest turkey prices on the East Coast, pushed by a mixture of transportation bills and a better value of dwelling.
Elevated Turkey Costs By State
Whereas California tops the mainland charts, different states additionally report elevated prices.
The highest 10 states for dear poultry embody Connecticut, Montana, New Jersey, Nebraska, New York, Minnesota and Georgia.
Oklahoma: The Nation’s Most cost-effective Thanksgiving Turkeys
Oklahoma gives the bottom turkey costs within the nation, with a 15-pound chicken averaging simply $19.75. The state’s central location and entry to main distribution channels contribute to those financial savings.
Louisiana: Discount Turkeys within the Bayou
Louisiana customers can snag a 15-pound turkey for $19.80 on common, simply barely increased than in Oklahoma. This affordability makes it a standout state for budget-conscious vacation cooks.
Mississippi: Low Costs within the Magnolia State
Mississippi ranks among the many most cost-effective turkey markets, with a 15-pound chicken costing a mean of $22.30.
Texas: Reasonably priced Feasts within the Lone Star State
Texans take pleasure in low turkey costs, with a 15-pound chicken priced at $22.60 on common, reflecting sturdy competitors amongst grocery chains within the state.
Illinois and Ohio: Low Prices within the Midwest
Each Illinois and Ohio tie for fifth place among the many least costly states for turkeys, with a 15-pound chicken costing $22.85. Their central location and environment friendly distribution assist maintain costs inexpensive.
Behind the Numbers: How Turkey Costs Had been Calculated
FinanceBuzz researchers surveyed turkey costs at a minimal of three grocery shops in every state, specializing in regional chains and nationwide retailers.
Costs have been based mostly on Butterball-brand turkeys weighing 12–26 kilos, averaged on a per-pound foundation, and scaled to mirror the price of a 15-pound chicken.
Minnesota: The High Turkey Producer
Turkey manufacturing stays concentrated in a handful of key states, which collectively account for a big portion of the nation’s provide.
Minnesota leads the nation, producing 38.5 million turkeys in 2023. Its dominance within the trade stems from its established poultry farming infrastructure and favorable local weather for turkey manufacturing.
North Carolina: A Poultry Powerhouse
North Carolina follows because the second-largest producer, elevating 29 million turkeys in 2023. The state’s strong agricultural sector helps its excessive manufacturing numbers.
Arkansas: A Central Hub for Turkey Farming
Arkansas secures third place with 27 million birds, leveraging its central location and intensive farming networks to satisfy vacation demand.
Indiana ranks fourth, producing 20 million birds. Rounding out the highest 5 is Missouri, contributing 17 million birds to the nation’s turkey provide.
These states collectively account for a good portion of the 218 million turkeys produced nationwide in 2023, underscoring their essential position in feeding People in the course of the vacation season.
Turkey Manufacturing Droop Threatens to Disrupt Vacation Traditions
The U.S. turkey trade has confronted a major downturn, with manufacturing from January to September 2024 down 6.3% in comparison with the identical interval in 2023, based on the USDA.
Complete turkey meat manufacturing is projected to achieve solely 5.11 billion kilos by 12 months’s finish, persevering with a multi-year decline.
Consumption has mirrored this pattern, falling from 5.26 billion kilos in 2019 to a projected 4.69 billion kilos in 2024.
Why Are Turkeys Cheaper in 2024?
The drop in turkey costs marks a welcome change after years of inflation and pandemic-related disruptions. In 2022, the chicken flu outbreak induced a spike in poultry costs, compounding the consequences of provide chain points.
This 12 months, the common value of a 15-pound turkey is $31.16 ($2.08 per pound), in comparison with $35.40 ($2.36 per pound) in 2023. The 12% lower displays a stabilization within the poultry market and easing of broader inflationary pressures.
Meals Costs Nonetheless Excessive
Nevertheless, meals costs stay a priority for a lot of. Between 2019 and 2023, the U.S. Shopper Value Index for meals rose by 25%, pushed by pandemic-related disruptions, the battle in Europe and inflation. Though turkey costs are down, the broader value of a Thanksgiving meal continues to be influenced by these lingering elements.
What This Means for Your Thanksgiving Finances
As People put together for the vacation, the panorama for turkey costs gives a mixture of reduction and challenges.
Lowest costs: Oklahoma ($19.75) and Louisiana ($19.80).
Highest costs: Hawaii ($52.85), Alaska ($44.85), and California ($39.85).
Nationwide common: $31.16 for a 15-pound chicken.
Regardless of the drop in turkey costs, Californians and others in high-cost states should still really feel the pinch. The turkey stays the centerpiece of the meal, and its worth typically dictates total spending on vacation groceries.
This 12 months, customers are suggested to plan forward, evaluate costs at native shops, and think about freezing offers early to maximise financial savings. Whereas turkey costs could have cooled, the broader monetary pressures of the vacation season stay prime of thoughts for a lot of households.
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