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Trump Says Grocery Prices Are 'Falling Rapidly:' Here's What The Data Shows
Investopedia· 2025-12-20 01:00
Core Insights - President Trump claims grocery prices are "falling rapidly" under his economic policies, but government data contradicts this assertion [1][2][7] Economic Policies and Inflation - Trump defends his economic policies against criticism regarding rising living costs, attributing inflation issues to his predecessor, Joe Biden [2] - He highlights grocery prices as a success story, stating that the price of Thanksgiving turkey is down 33% compared to the previous year and egg prices have decreased by 82% since March [3][4] Price Trends - Mixed reports on turkey prices indicate a decrease in frozen turkey costs by 16% from 2024, while the Consumer Price Index shows a 0.8% increase in the category including turkey [4] - Ground beef prices have risen by 16% and coffee prices by 35% according to the Bureau of Labor Statistics [5] Grocery Price Inflation - Overall grocery prices increased by 1.9% over the 12 months ending in November, a decrease from 2.7% in September, but still higher than the 1.6% annual growth in November 2024 [6] - Despite claims of falling prices, grocery prices are actually rising at a slower rate than earlier in the year [7]
Hormel Foods forecasts annual profit above estimates on higher prices
Reuters· 2025-12-04 13:07
Group 1 - Hormel Foods forecasts annual profit above estimates, driven by a cost-cutting plan, higher prices, and sustained demand for turkey [1] - The company is betting that these strategies will help overcome high input costs [1]
CEO Stew Leonard Talks Thanksgiving Costs
Bloomberg Television· 2025-11-27 10:04
First of all, thanks for shopping and. Know your customer. You know, we we our target price is the same as last year.The other retailers that I talked to, the ratings are pretty much the same. I don't know where this 40% came from. Somebody picked that number out there.I, I would say right now the mood of everybody and I just talked to a customer a minute ago and after and he said, I feel the pressure right now. It feels like it's a little more expensive. There's a lot of things that go on with your guest.A ...
X @The Economist
The Economist· 2025-11-27 10:00
Few things seem more American than the oversized hulk of meat that is a turkey. Yet as its name suggests, the Thanksgiving bird is a citizen of the world https://t.co/hw4p92PD5N ...
X @Forbes
Forbes· 2025-11-26 21:42
Market Trends - More than half of Americans prefer a protein other than turkey for Thanksgiving, according to the Tyson Foods Holiday Survey [1] - Chicken, pork, and beef are the top alternative protein choices [1]
Melissa Clark says 'season your bird ahead' and other Thanksgiving tips
MSNBC· 2025-11-26 13:39
So, if you want to avoid any meal mishaps on your Thanksgiving day tomorrow, >> Morning Joe is the place to go for that, you've come to the right place. Our next guest is an expert in all things cooking. And she's here in studio with recipes and tips for everything from the main meal to the side salad and of course the delicious dessert.Joining us now, food reporter and recipe columnist for the New York Times, Melissa Clark. and this section and your work, it is just it's got such a following. You've contri ...
Tur-key to success: Butterball's tips for the perfect bird
CNBC Television· 2025-11-26 12:55
BROADCASTED ON TV. ANSWER 1946. >> ALL RIGHT.WELCOME BACK EVERYBODY. IT IS THAT TIME OF THE YEAR AGAIN. THE BUTTERBALL TURKEY TALK-LINE IS LIVE TO ANSWER YOUR HOLIDAY QUESTIO.AND JOINING US RIGHT NOW IS NICOLE JOHNSON. SHE IS DIRECTOR OF BUTTERBALL TURKEY TALK-LINE. BUSY, BUSY BUSY DAY OF THE YEAR FOR YOU NICOLE.HOW ARE THINGS SHAPING UP SO FAR. >> HI, BECKY. GOOD MORNING.THANKS FOR HAVING US. WE ARE EXPECTING A LOT OF CALLS THIS YEAR. YOU CAN REACH US VIA EMAIL, CHAT, TEXT, SOCIAL MEDIA.THE LINE IS NOT QUI ...
Thomas: Turkey is cheaper at retail, but wholesale costs are rising
CNBC Television· 2025-11-26 12:31
Food Price Inflation Drivers - Food prices have been accelerating in recent months due to supply chain issues [1] - Tariffs, especially on Brazil, have impacted coffee prices [2] - Bird flu is raising wholesale turkey prices [3] - US cattle herd being at a multi-year low is driving up beef prices, with beef up about 15% year-over-year and ground beef up about 13% [5][6] - Disease in hog herds has led to increased pork prices [11][12] Retail Strategies - Retailers like Kroger and Albertson's are trying to keep prices lower through promotions and cost-cutting to attract consumers [4] - Retailers are promoting more private label products and deals to keep prices steady for consumers [15] Protein Market Dynamics - Protein demand is robust among American consumers, driving up meat prices [12] - Chicken prices have remained relatively stable due to restaurant promotions [10] Future Outlook - Pork prices could turn around faster than beef prices [14] - Beef price relief is not expected in the near future due to the two-year biological clock for cattle herd rebuilding and Tyson Foods reducing beef production [7][8][14] - Egg prices could spike in December and January if bird flu affects egg-laying flocks [14]
Trump pardons the turkey Gobble as part of the annual Thanksgiving tradition
NBC News· 2025-11-25 18:55
Gobble, >> I just want to tell you this very important. You are hereby unconditionally. >> And despite their size, Secretary Kennedy has formally certified that these are the first ever Maha turkeys.I don't know if I agree with that. These are Maha. In other words, they could be fat, but they're still maha.They've been fattened on a steady diet of grass, beef to allow the smoothies, and all of the other things that they've been eating for this occasion. This was a really big occasion, but they've eaten ever ...
X @Bloomberg
Bloomberg· 2025-11-25 12:50
Why is the price of turkey going down? Maybe people like chicken better, @foxjust says (via @opinion) https://t.co/NJ6nyaDRWB ...