Summary
Retailers are lowering turkey prices to attract customers during Thanksgiving, despite higher grocery costs. The supply of turkeys is under pressure from a small national flock and avian flu outbreaks. Major grocery chains are using discounts to compete and keep customers, while smaller stores feel financial strain.
Key Facts
- Thanksgiving turkey prices are being cut by retailers to attract customers.
- Grocery prices are about 30% higher than they were before the pandemic.
- The U.S. turkey population is the smallest in 40 years, affected by avian flu in states like Minnesota.
- The National Turkey Federation assures there will be enough turkeys for Thanksgiving.
- Wholesale prices for turkeys are rising, but retail prices for consumers are dropping.
- Major chains like Walmart, Aldi, and Kroger are using turkeys as "loss leaders" to attract shoppers.
- Aldi offers a Thanksgiving meal for 10 people at $40, cheaper than last year.
- Smaller grocery stores are struggling financially due to these low-price strategies.
