Wheat price drop brings notable Thanksgiving savings for Illinois families

Wheat price drop brings notable Thanksgiving savings for Illinois families

Spread the love

(The Center Square) – Illinois families will see some relief at the Thanksgiving table this year, with the average cost of a classic holiday meal dropping to $49.20, continuing a three-year decline and mirroring the national average of $55.18, a 5% drop from 2024.

Tasha Bunting, associate director of commodities and livestock programs at the Illinois Farm Bureau, said multiple factors are pushing costs down across the state.

“We definitely have seen not only here in Illinois but across the nation within the survey that turkey prices have come down,” Bunting said. “Some of the other ingredients that are used within the meal have come down… like the frozen peas and some of the other staples that we normally have within the Thanksgiving dinner.”

Turkey is playing the biggest role in the overall price drop. Illinois’ average price for a 16-pound frozen bird fell to $18.03, down sharply from the historic spikes seen in 2022, driven then by avian influenza.

“Thankfully, turkey houses and our turkey farmers haven’t had quite the impact the layer operations have seen, so they’ve been able to build back some of the supply in cold storage,” said Bunting. “Turkeys take about 14 to 20 weeks to be market ready, so farmers can turn those birds, get them in storage, and start the next group.”

A layers poultry operation focuses on raising hens to produce a high volume of eggs.

American Farm Bureau Foundation reported that, while the wholesale price for fresh turkey is up from 2024, grocery stores are featuring Thanksgiving deals and attempting to draw consumer demand back to turkey, leading to lower retail prices for a holiday bird.

Bunting said biggest drops were in the dinner rolls, the pie crusts, the stuffing mix and the frozen peas

“All but the peas … contained wheat, and so they’re attributing a lot of that cost decrease to the drop in the price of wheat,” said Bunting.

But not every staple is getting cheaper. Sweet potatoes and veggie trays saw some of the steepest increases, driven largely by weather-related disruptions in key growing regions.

“Most production being in North Carolina and the impacts they saw from hurricanes and other natural disasters… just those complicating factors for those farmers,” Bunting said.

The declines offer some relief after the sharp inflationary spikes of 2021 and 2022, though Farm Bureau leaders say families are still feeling the effects.

“Three years of modest declines have not fully erased the impact of those historic increases,” IFB President Brian Duncan said in a statement.

The Farm Bureau’s Thanksgiving cost survey has tracked meal prices since 1986, using the same menu to allow year-to-year comparisons. Illinois volunteer shoppers collected this year’s data during the first week of November.

Events

No events

Leave a Comment





Latest News Stories

Economic index shows reduced uncertainty, more stability in Midwest

Economic index shows reduced uncertainty, more stability in Midwest

By Jim Talamonti | The Center SquareThe Center Square (The Center Square) – The Federal Reserve Bank of Chicago’s Survey of Economic Conditions Activity Index suggests more stability and less...
New law sparks debate over Illinois school mergers, communities fear loss

New law sparks debate over Illinois school mergers, communities fear loss

By Catrina Barker | The Center Square contributorThe Center Square (The Center Square) – A new law that could push school districts to study possible consolidation, aiming for efficiency and...
Illinois in Focus: Rest area burglary arrests made; overdose awareness events planned

Illinois in Focus: Rest area burglary arrests made; overdose awareness events planned

By Jim Talamonti | The Center SquareThe Center Square Rest area burglary arrests made Two men have been detained in connection with a reported burglary at the northbound Interstate 57...
Nonprofit files complaints against Trump attorneys but almost no public discipline

Nonprofit files complaints against Trump attorneys but almost no public discipline

By Arthur KaneThe Center Square Two nonprofits run by an attorney with long-time Democratic connections have been filing ethics complaints against lawyers who represented Trump officials or issues, seeking to...
Everyday Economics: Softer tape, PCE in focus, and the Fed’s next move

Everyday Economics: Softer tape, PCE in focus, and the Fed’s next move

By Orphe DivounguyThe Center Square This summer, economic signals leaned softer. Hiring looks frozen, retail sales volumes are flat to slightly negative, and existing-home sales are essentially unchanged from a...
Marine's mother takes on troop transport duties for family visits

Marine’s mother takes on troop transport duties for family visits

By Brett RowlandThe Center Square When Army Specialist Dakota Barnes considered flying home to California for Christmas last year, she knew she couldn't afford it without giving up her yearly...
Trump plans to clean up Democrat-run cities over local objections

Trump plans to clean up Democrat-run cities over local objections

By Brett Rowland | The Center SquareThe Center Square (The Center Square) – President Donald Trump plans to clean up major U.S. cities that he says are plagued by crime....
Energy advocate applauds oil and gas commingling updates

Energy advocate applauds oil and gas commingling updates

By Tate MillerThe Center Square Oil and gas commingling rules have been updated in accordance with the Big Beautiful Bill in order to strengthen energy production and safety, with energy...
Texas legislature passes redistricting map, governor to sign into law

Texas legislature passes redistricting map, governor to sign into law

By Bethany BlankleyThe Center Square )The Center Squar) – The Texas Senate passed HB 4, the state’s congressional redistricting plan, which changes nearly all districts and could flip up to...
Dow hits record high after Fed Chair hints at September rate cuts

Dow hits record high after Fed Chair hints at September rate cuts

By Morgan SweeneyThe Center Square The Dow Jones Industrial Average clinched a record high Friday for the first time this year hours after Federal Reserve Chair Jerome Powell hinted that...
WATCH: Newsom optimistic about redistricting despite poll

WATCH: Newsom optimistic about redistricting despite poll

By Dave MasonThe Center Square Gov. Gavin Newsom on Friday said he’s proud of how quickly the California Legislature passed a congressional redistricting proposal that he signed, but he was...
Newsom meets with Danes, talks about Trump but not 2028

Newsom meets with Danes, talks about Trump but not 2028

By Dave MasonThe Center Square California Gov. Gavin Newsom came to his hometown of San Francisco Friday to talk about the state’s new green energy partnership with Denmark. But another...
CA bill to give interest on insurance payments to homeowners

CA bill to give interest on insurance payments to homeowners

By Jamie ParsonsThe Center Square The California Legislature this week passed a bill to give at least 2% of interest on insurance payments to owners of homes that need rebuilding...

WATCH: Trump says ‘dangerous’ Chicago next after addressing crime in D.C.

By Greg Bishop | The Center SquareThe Center Square (The Center Square) – President Donald Trump says Chicago is next on his list of cities to focus on cleaning up...
DOJ releases Maxwell interview transcripts, audio; described Trump as 'gentleman'

DOJ releases Maxwell interview transcripts, audio; described Trump as ‘gentleman’

By Sarah Roderick-FitchThe Center Square The U.S. Department of Justice on Friday released the audio and transcript interviews with Ghislaine Maxwell, “in the interest of transparency,” in which she claims...