Butterball CEO Jay Jandrain sheds light on the demand for turkeys ahead of Thanksgiving and the impact of inflation on the holiday season.
Here’s something to be thankful for in this season of gratitude: The price of turkey fell for a second consecutive year.
The American Farm Bureau Federation’s (AFBF) annual Thanksgiving Survey found the cost of turkey is down 6% from a year ago, with the average price of a 16-pound bird coming in at $25.67.
The price of turkey for Thanksgiving fell for a second straight year, but the holiday meal is still up nearly 20% from five years ago. (Robert Nickelsberg/Getty Images / Getty Images)
Still, the moderate decrease in the price of the signature main course might be little consolation to some consumers after the elevated inflation over the past four years. The AFBF found the price of the typical Thanksgiving meal is up 19% from five years…
